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An announcement from Atlantic Sapphire ( (AASZF) ) is now available.
Atlantic Sapphire has reported strong operational performance with over 99% survival rates and harvest weights consistently above 3kg, achieving a total harvest volume of 1,427 tons in Q3. The company has secured $35 million in financing to support its operations towards EBITDA break-even by the end of 2026, and it is on track to reach a full-year production of 7,000 tons, setting the stage for long-term growth and value creation.
More about Atlantic Sapphire
Atlantic Sapphire is a company pioneering Bluehouse® (land-raised) salmon farming, focusing on transforming protein production globally. The company has operated an innovation center in Denmark and is now scaling up production in the US, particularly in Homestead, Florida, with the capacity to harvest up to 8,500 tons of salmon annually. Atlantic Sapphire is working on a Phase 2 expansion to increase production capacity significantly.
YTD Price Performance: -59.36%
Average Trading Volume: 64,924
Current Market Cap: NOK258.1M
Find detailed analytics on AASZF stock on TipRanks’ Stock Analysis page.