N.S. salmon operation in receivership after equipment failure

N.S. salmon operation in receivership after equipment failure

Source: CBC News

4/5/2024

Credit: Sustainable Blue

Sustainable Blue, a land-based salmon farm in Nova Scotia, was placed in receivership Thursday.

The court order granting the receivership was in response to an application by minority shareholders who have been keeping the company afloat since an equipment malfunction last November.

The shareholders — Thane Stevens and Jim Lawley — say restructuring is the only way the company can survive.

A filter that removes dissolved carbon dioxide released by fish failed in the building holding the largest salmon on site.

Salmon, Atlantic

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