Ocean Trout Canada Inc. (“OTC”) Announces the Successful Stocking of Steelhead Trout at Two Additional Open Net Pen Sites in Atlantic Canada and a Plan to begin the Sales & Marketing of Steelhead Trout from its First Site Later This Summer 2022
The Firm can also be happy to report that it has over 1,000,000 juvenile Steelhead Trout at numerous growth levels at its freshwater hatcheries, and it expects to inventory further marine websites this fall.
OTC’s plans to proceed to construct its stock and has launched into a strategic growth plan aimed toward upgrading and increasing its freshwater manufacturing capability to help the stocking further manufacturing websites in Atlantic Canada.
About Ocean Trout Canada Inc.
Ocean Trout Canada Inc. is a number one Canadian aquaculture firm targeted on supplying premium steelhead merchandise to North American seafood markets. OTC is devoted to the accountable manufacturing of Steelhead in Canada with operations in Nova Scotia, Prince Edward Island, and Newfoundland.
Cautionary Assertion on Ahead Wanting Data
This information launch might include “forward-looking statements” throughout the which means of relevant Canadian securities legal guidelines, together with, however not restricted to, statements with respect to Ocean Trout Canada’s plans, monetary efficiency and working efficiency, anticipated progress in aquaculture, the estimation of income, the timing and targets of M&A exercise, prices, future capital expenditures, and the success of integration. Ahead-looking statements are based mostly upon quite a few estimates and assumptions that, whereas thought of affordable by administration, are inherently topic to vital enterprise, financial and aggressive dangers together with however not restricted to: dangers associated to the profitable integration of acquisitions; dangers associated to operations; dangers associated to normal financial circumstances and credit score availability, means to acquire ample and appropriate financing, precise outcomes of present manufacturing and adorning, fluctuations in costs of aluminum; failure of plant, tools or processes to function as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage protection and different dangers of the aquaculture trade; delays within the completion of capex actions, adjustments in nationwide and native authorities regulation of producing operations and labour legal guidelines in gentle of the present COVID pandemic, tax guidelines and rules, and political and financial developments the place Ocean Trout Canada operates. These statements typically will be recognized by way of forward-looking phrases akin to “might”, “ought to”, “will”, “may”, “intend”, “estimate”, “plan”, “anticipate”, “anticipate”, “imagine” or “proceed”, or the unfavorable thereof or related variations. Ahead-looking statements contain identified and unknown dangers, uncertainties and different elements which will trigger future outcomes, efficiency, or achievements to be materially totally different from the estimated future outcomes, efficiency or achievements expressed or implied by these forward-looking statements and the forward-looking statements will not be ensures of future efficiency. Ahead-looking statements expressed or implied by Ocean Trout Canada are topic to quite a few dangers, uncertainties, and circumstances, a lot of that are exterior of Ocean Trout Canada’s management, and undue reliance shouldn’t be positioned on such statements. Though Ocean Trout Canada has tried to establish vital elements that might trigger precise outcomes to vary materially from these contained in forward-looking statements, there could also be different elements that trigger outcomes to not be as anticipated, estimated or supposed. Ahead-looking statements are certified of their entirety by the inherent dangers and uncertainties associated to Ocean Trout Canada’s enterprise, together with that Ocean Trout Canada’s assumptions in making forward-looking statements might show to be incorrect; delays in submitting of monetary info; adversarial market circumstances; dangers inherent within the aquaculture sector typically; that future outcomes might differ from historic outcomes; and competitors within the markets the place Ocean Trout Canada operates. Besides as required by securities regulation, Ocean Trout Canada doesn’t assume any obligation to replace or revise any forward-looking statements, whether or not on account of new info, occasions or in any other case.
SOURCE Ocean Trout Canada Inc.
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