Halibut P.E.I., a fish hatchery and grow-out facility in Victoria, P.E.I., has been purchased by Norway's Amar Group after declaring bankruptcy earlier this year.
The company plans to grow halibut and Atlantic wolffish in the area.
Halibut P.E.I. went bankrupt in January. At the time it owed $9.5 million to creditors, including the provincial government.
Knut Arne Trellevik, president of Amar Group in Canada, says he needs about 30 employees to get the facility back up and running.
[P.E.I. is] the perfect place to grow the fish, because we can get whatever we need, says Knut Arne Trellevik.
Read the full article at CBC News.
