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Grieg Seafood Reacts to BC Aquaculture Transition
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Grieg Seafood Reacts to BC Aquaculture Transition

Grieg Seafood ASA (GRGSF) has released an update.

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The Canadian government has announced a ban on open net-pen salmon aquaculture in British Columbia by June 30, 2029, with a transition to closed-containment systems for new licenses. Grieg Seafood ASA will halt investments in BC until a draft transition plan is presented later in July 2024. The company’s operations in Newfoundland remain unaffected as provincial regulations apply there.

For further insights into GRGSF stock, check out TipRanks’ Stock Analysis page.

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