Atlantic Sapphire listed on Oslo Stock Exchange
Shares in on-land salmon farmer Atlantic Sapphire have today begun to be traded on the Oslo Stock Exchange.
“We thank the Oslo Stock Exchange and are pleased to have completed a seamless listing process, especially given the current Covid-19 conditions,” said Johan Andreassen, chairman of Atlantic Sapphire ASA.
“The timing couldn’t have been better as we’re now close to first harvest from our Florida Bluehouse in the third quarter of this year.”
Harvest in Q3
Atlantic Sapphire is building its Bluehouse farm on land in the Miami area in the United States, and is projecting initial production of 10,000 tonnes of Atlantic salmon annually from the third quarter of this year.
The company has water permits in place to produce an annual 90,000 tonnes onsite and has a production target of 220,000 tonnes of salmon a year by 2031.
“Trading on the fully regulated Oslo Børs (stock exchange) supports our corporate governance standards, while providing a vast runway for continued growth,” said Atlantic Sapphire’s chief financial officer, Jose Prado.
Managing director Karl Øystein Øyehaug said the Oslo listing would enable more investors to take part in innovating salmon farming.