Kuterra Salmon, started by the ‘Namgis First Nation in 2013 to demonstrate that on-land fish farming was possible, has been leased to American investor Emergent Holdings for 15 years.
Emergent Holdings owns Whole Oceans, which is building a large-scale, land-based fish farm on the east coast. By managing Kuterra they hope to build expertise in recirculating aquaculture systems (RAS), which is the technology used at Kuterra to circulate fresh salt water through the fish tanks.
‘Namgis elected chief and hereditary chief Don Svanvik says Emergent made an offer to buy Kuterra outright, but the nation voted against the sale, opting to lease instead.
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