Atlantic salmon is the most consumed finfish with the highest likability rating in the US, yet the US imports 97% of its Atlantic salmon with a high carbon footprint from airfreight.
Great Northern Salmon’s (GNS) mission is to put high-quality and healthy American-grown Atlantic Salmon on American families' plates. Our starting point is a permitted site in Millinocket, Maine in a strong partnership with the non-profit economic development entity Our Katahdin.
GNS has developed a robust growth case for US domestic salmon production – on land in contained RAS* systems at a competitive scale to balance risk/reward. GNS management has decades of top executive experience combined with 100+ years of RAS production experience. Management has been involved in designing and operating 20 RAS facilities internationally. All development has been driven by deep experience on the operator side. Constructions start in 2025.
GNS has developed a “best-in-class” risk mitigation strategy, cost position, and environmental profile. The company site is unique in terms of investment advantages. It is the only US case with 100% renewable local hydro and pyrolysis technology enabling full waste recycling on site.
The Company’s 10-year equity story delivers a strong growth- and financial case. This is founded on a modular production design operating across multiple farms internationally. GNS sees multiple attractive exit scenarios in a 5- to 7-year timeline.
*recirculating aquaculture systems
Seeking $18 million in equity for Series A