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High Liner Foods has announced a $10 million investment in Andfjord Salmon Group, a sustainable salmon aquaculture company based in Norway. The investment will grant High Liner Foods approximately 4.5% ownership in Andfjord. This move, funded from the company's operational cash, is part of Andfjord's broader capital raise, anticipated to conclude in May 2024. Paul Jewer, president and CEO at High Liner Foods, said: "Salmon is an important growth species for High Liner Foods, and we believe that land-based aquaculture will become an important component of the global salmon supply chain that will help bridge the gap between supply and demand. Today's modest investment will give High Liner Foods a platform to gain operational insights and experience in land-based aquaculture as part of our ongoing efforts to meet the growing consumer demand for sustainably sourced and eco-friendly seafood products." He continued, "We feel that Andfjord is an ideal partner that possesses the proven technology and experience High Liner Foods can work with and learn from, as we focus our efforts on growing our Atlantic Salmon business in North America". According to the company, Andfjord has 'ambitious expansion plans,' aiming to reach a production capacity of 40,000 tonnes by 2030.