For the past seven years, AgriMarine Holdings has been developing a marine-based solid wall system to sustainably grow salmon and other finfish in closed containment systems on a commercial scale.
The Vancouver-based company on Wednesday announced it has initial trout production in China of more than 500,000 fish, with the first commercial crop of 100,000 fish already at a size to be transferred into its floating closed tank system. The tanks are currently being manufactured and will be ready to launch next month.
In Campbell River, British Columbia, the company is developing a floating closed containment system and has an initial crop of 300,000 Pacific salmon smolts in various stages of growth — the first full-scale commercial tank farm of this design.
“With food protein demand continuing to grow and the ongoing pollution problems associated with net cage fish farming, AgriMarine plans to take a worldwide lead in solving these issues through the use of our revolutionary closed containment technology,” said Richard Buchanan, the company’s president and CEO.
The company also announced it has transitioned into a public company on the Toronto Stock Exchange’s Venture Exchange under the symbol “FSH.”
