Norwegian independent producer of smolt and post-smolt, BioFish, has initiated a strategic review to evaluate structures and opportunities that could accelerate the company’s growth and enhance shareholder value, without this entailing the need for capital raising.

BioFish was established in 2016 after the acquisition of a flow-through smolt farming facility in Ljones, close to the Hardangerfjord, on the west coast of Norway, where numerous Norwegian fish farming sites are located within one day of transport. The company invested in RAS technology, biomass and equipment.

With a good track record in terms of biological performance, BioFish is an attractive supplier of high-quality, healthy smolt and post-smolt. The company holds an aquaculture license for 5 million smolt and a discharge license for 2,200 tons.

Pareto Securities AS has been appointed as a financial advisor to assist in the process.

Further updates regarding the outcomes of this strategic review and its implications for the company’s operations and strategic direction will be communicated in due course.