Nireus recently sent an open letter to Marine Farms, questioning its dividend policy. Nireus also blamed Marine Farms’ recent losses for its own difficult first-quarter results.
In response to Nireus’ letter, Marine Farms’ board of directors has provided a detailed explanation on its dividend policy, company history and priorities, as well as outlined possible visions for restructuring.
In its response, Marine Farms said it plans over the next five years to double production from its current level of 15,000 tons to more than 30,000 tons.
