Over the past two years, Great Northern Salmon (GNS) has deliberately built a skilled in-house industry team to ensure strong planning and execution capabilities. At the same time, we have established mature, trusted partnerships with companies dedicated to mutual success. Here are some of our key partners:

• In 2026, GNS finalized a six-year sales agreement with Stavis Seafoods for our upcoming production. The relationship with Stavis Seafoods began two years ago with an LOI and has now been upgraded to a binding offtake agreement, with import costs to Boston serving as the pricing benchmark. This price position gives GNS strong margin advantages over imported fresh salmon, even without a price premium.
• GNS has signed an agreement with AKVA Group to become our technology partner. We have maintained strong relationships with AKVA Group over the years, and the parties are aligned on design priorities. After a thorough evaluation of several vendors, AKVA Group emerged as the best fit for GNS’s needs. AKVA Group is the leading global vendor in our industry with extensive experience in design and delivery. They have completed multiple successful international reference projects, including Nordic Aqua Partners in China. AKVA delivered its first design work to GNS in 2025.
• By the end of 2025, GNS signed a contract with Morgan Stanley for capital-raising and advisory services. The relationship has grown over time. Morgan Stanley is a valuable addition to our capital-raising partnerships with Pareto Securities and IFG Asset Management.
• In engineering and construction, our long-standing relationship with PC Construction has been formalized through a CM (Construction Management) contract. GNS has also chosen SMRT as its architect and engineering partner. We have collaborated with both for years, and both have developed specialized experience in the aquaculture and water treatment sectors.
• The strong public-private collaboration behind our development in Millinocket has been essential. Our Katahdin, EPA (Environmental Protection Agency), EMDC (Eastern Maine Development Corporation), DECD (Department of Economic and Community Development), MTI (Maine Technology Institute), FAME (the Finance Authority of Maine), and NRBC (Northern Border Regional Commission) have all contributed significantly along the way. As recently as this month, GNS was awarded $2 million in new development funds from MTI.

CEO Marianne Naess states, “We have built these relationships and others over time to achieve strong alignment on goals, collaboration, and shared interest in developing aquaculture in Maine. Additional partners also deserve credit, and more will be formalized in 2026, all part of building strong and resilient execution capabilities beyond our own team.”