Mowi has decided to temporarily halt expansion plans in Newfoundland, which is part of its Canada East division, according to its third quarter earnings report.

“We are temporarily holding back on our growth ambitions in the Newfoundland area until we have reached satisfactory stability, both operationally and financially," said Mowi CEO Ivan Vindheim.

Mowi said in Canada East a low oxygen incident in Newfoundland negatively impacted cost and price achievement by €5 million ($5.7 million) and resulted in a loss of €5.7