The company is also pleased to announce that it has over one million juvenile rainbow trout in various stages of development in its freshwater hatcheries and plans to stock other marine sites. this autumn.
OTC plans to continue to build its inventory and has embarked on a strategic development plan to upgrade and expand its freshwater production capacity to support storage for additional production sites in Atlantic Canada.
About Trout de mer Canada Inc.
Ocean Trout Canada Inc. is a leading Canadian aquaculture company focused on providing premium quality Steelhead products to North American seafood markets. OTC is dedicated to responsible production of Steelhead by Canada with operations in New Scotland, Prince Edward Islandand Newfoundland.
Caution regarding forward-looking information
This press release may contain “forward-looking statements” within the meaning of applicable Canadian securities laws, including, but not limited to, statements regarding Trout’s plans, financial performance and operating performance. sea Canada, anticipated growth in aquaculture, estimated revenue, timing and objectives for M&A activity, costs, future capital expenditures and success of the integration. Forward-looking statements are based on a number of estimates and assumptions which, although considered reasonable by management, are inherently subject to significant business, economic and competitive risks, including, but not limited to: risks relating to the successful integration of acquisitions; operational risks; risks relating to general economic conditions and the availability of credit, the ability to obtain sufficient and suitable financing, actual results of ongoing production and decoration, fluctuations in aluminum prices; failure of plant, equipment or processes to perform as intended; accidents, labor disputes, title disputes, claims and limitations of insurance coverage and other risks of the aquaculture industry; delays in completing investment activities, changes in state and local government regulations of manufacturing operations and labor laws in light of the current COVID pandemic, tax rules and regulations, and political and economic developments where Ocean Trout Canada operates. These statements can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”. , “expects”, “believes”, or “continues”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause that future results, performance or achievements will be materially different from the estimated future results, performance or achievements expressed or implied by such forward-looking statements and forward-looking statements. Forward-looking statements are not guarantees of future performance. Forward-looking statements expressed or implied by Sea Trout Canada are subject to a number of risks, uncertainties and conditions, many of which are beyond Sea Trout Canada’s control, and should not s place undue reliance on these statements. Although Ocean Trout Canada has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause results not to be as anticipated. , estimated or predicted. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties of Trout de mer Canada’s business, including that Trout de mer Canada’s assumptions in the forward-looking statements may prove to be incorrect; delays in filing financial information; adverse market conditions; risks inherent in the aquaculture sector in general; that future results may differ from historical results; and competition in the markets in which Ocean Trout Canada operates. Except as required by securities law, Ocean Trout Canada undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.
SOURCE Trout de mer Canada Inc.
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