Atlantic Sapphire (AASZF) has released an update.
Atlantic Sapphire reports a stable first half of 2024 with consistent farming conditions, yielding a harvest of 2,395 tons of salmon and a net biomass gain. Despite experiencing bottlenecks and unplanned downtime that affected feeding volumes and sales prices, the company has initiated measures to improve harvest weights and increase feeding capacity. To support facility improvements and capacity building, Atlantic Sapphire is planning a Rights Issue and Convertible Loan to raise significant additional funds.
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