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Land-based salmon still not investor-ready

The accompanying chart shows how the $9 million in construction costs were allocated.

The accompanying chart shows how the $9 million in construction costs were allocated.

The Salmon Aquaculture Innovation Fund at Tides Canada recently released its final report on the ‘Namgis First Nation’s land-based Atlantic salmon project on northern Vancouver Island in British Columbia.

A detailed analysis of the Tides’ report on the heavily subsidized “Kuterra” project confirms that at this time there is currently no sound business case to be made for rearing market-size Atlantic salmon on land.

However, before launching into an analysis of the Kuterra project it is important to acknowledge the hard work and commitment demonstrated by the employees and managers of Kuterra and the ‘Namgis First Nation.  It is clear from the Tides’ reports that they have made an incredible effort getting to this stage and this article is not intended as a criticism of their efforts.

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