Mowi ASA Evaluates New Canadian Salmon Farming Policy

Mowi ASA (GB:0OAW) has released an update.

The Canadian Government has announced a new policy for salmon farming in British Columbia, mandating a shift from traditional marine farms to closed-containment systems or on-land operations by June 2029. Mowi ASA, a major player in the region with 46 licenses and significant 2023 revenues and operational EBIT from its Canadian West operations, expressed disappointment, citing a lack of scientific merit behind the decision. The company is currently assessing the situation and its options.

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