From the CEO
Spring has started off with great momentum. We began the year by completing the sanitation process at the Eckerö facility, and now we are already witnessing hundreds of thousands of fingerlings swimming and growing in our tanks. This has been made possible thanks to the oversubscribed Rights offering we organized in March, which allowed us to quickly resume our fish farming operations. I want to sincerely thank everyone who participated in the offering for their continued trust in our company.
The fish are growing once again at our Eckerö facility, and we are gradually ramping up our operations in line with our goals. Our next objective is to bring the hatchery and fingerling unit into full production and initiate the first Grow Out unit. So, there is plenty of work ahead of us in the fall as well!
Wishing you a great summer,
Samppa Ruohtula
CEO,
Key milestones in 1-6/2023
Fifax’ ramp-up advances – the second egg batch has arrived to Eckerö
Read the Web Article
Fifax launched a directed issue to the companies creditors to convert certain debts
Read the Company announcement
Fifax at an aquaculture seminar in
Read the
European fish health experts learned about Fifax’s farming methods and biosecurity arrangements
Read the Web Article
Final result of Fifax's rights offering – offering was oversubscribed (109 %)
Read the Company Announcement
First new egg batch has arrived – fish farming starts ahead of schedule at the Eckerö facility
Read the
More information about Fifax is available on the company's website at https://fifax.ax/en/investors
Fifax in brief
Fifax’s vision is to be a forerunner in large-scale sustainable fish farming with a minimal impact on the environment, so that locally and sustainably produced fish can be enjoyed by its customers all year round.
Established in 2012, Fifax utilizes ultra-intensive Recirculating Aquaculture Systems (RAS) technology based on the principle of an almost completely closed water circulation within the facility, where the fish live in large land-based indoor tanks. Indoor tanks better safeguard against external factors, and the environmental impact and pollution from the facility is significantly lower when compared to traditional fish farming in water bodies.
FIFAX Plc’s shares have been listed in Nasdaq First North Growth Market Finland.
© Modular Finance, source