Codfarmers presented its quarterly result last week, and revenue showed a sharp increase while losses were smalelr but ongoing.
This Friday, the company announced it was granted a NOK 30 million (€3.4 million/$4.8 million) loan from Innovation Norway, allowing the company to develop its operations further.
"We are glad to see that Innovasjon Norge grants loans both to Codfarmers and to other players in the industry in a demanding capital market," said CEO Michael Malling, clearly delighted to be given a loan when credit is so difficult to come by.
Innovasjon
