Grieg Seafood's Newfoundland operations remain a bright spot in an otherwise challenging salmon farming climate in Canada, with the company investing NOK 300 million ($29 million/€27 million) in the province this year.
Andreas Kvame, CEO of Grieg Seafood, said the company plans to use some of that investment to release between 2.5 and 3 million salmon smolt from its hatchery in Marystown, Newfoundland, to its netpens in Placentia Bay.
"We have Placentia Bay all to ourselves," Kvame said in February as part of a fourth quarter earnings announcement.
