The investor behind an indoor salmon farm proposed for Bucksport has failed in its first attempt to become the majority owner of one of the world’s first land-based salmon farms, located on Canada’s West Coast.
Members of the ‘Namgis First Nation, owners of the land-based Atlantic salmon farm Kuterra in British Columbia, rejected an offer from Emergent Holdings to buy an 88 percent stake in their company. Members voted 103-95 against the deal in balloting that ended July 2, Josephine Mrozewski, a spokeswoman for the First Nation, said Thursday.
But the deal, which Emergent pursued to give its Bucksport project the benefit of Kuterra’s experience, is not necessarily dead. Emergent Holdings is the parent company of Whole Oceans, the firm behind the Bucksport salmon farm.