There has been some substantial investments for Atlantic Sapphire.
EUR 32 million flew out of Atlantic Sapphire’s cash portfolio as payment for properties, plant and equipment during the first six months of the year according to a statement Atlantic Sapphire’s Q1 report which was published this Monday morning.
During the same period, the indoor-salmon company has received a gross amount of EUR 61.7 million in equity to fund the value.
Most of the investments are linked to the “Bluehouse” raised just outside Miami, Florida. Atlantic Sapphire is leading the first stage of the world’s largest land-based salmon farming facilty.
In addition, the company has for several years been producing land-based salmon activity in Hvide Sande, Denmark, through the company Langsand Laks.
Artesian saline groundwater shooting into the sky from our Floridian production well. The water is thousands of years old and free from man made contaminants @atlsapphire #miami #bluehouse #salmoncity pic.twitter.com/auv5tJrkgI
— Johan Andreassen (@andreassenjohan) 6 September 2018
Despite being one of the modern pioneers in modern land-based salmon farming, has harvested only a small amount of fish at Danish site in the first half of the year. Thus, the six months ended up with a net loss of EUR 4,9 million.
At the end of June, Atlantic Sapphire had a equity of almost EUR 133,7 million.