Norcod gets US$5m cash injection

Cod caught more than 12 miles out to sea in the North East Arctic has retained its MSC certification

A North American seafood company is tapping into the cod farming market with a US$5m investment in Norcod

Norcod is to benefit from a US$5 million cash injection from North American frozen seafood company, High Liner Foods.

The investment is in return for around 10% of the company and nomination rights for a director to serve on Norcod’s board. 

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