2020 Annual Report


The time is now


As the world hungers for fresh cod, wild stocks are strained, and fishing quotas cut. Prices spike while supplies are unstable. But it doesn’t need to be this way.

Introducing the world’s first large-scale cultivation of high-quality Atlantic Cod. Respectfully farmed, carefully packed, and timely delivered.

Norcod is listed on Euronext Growth on Oslo Stock Exchange.

Download reports

Norcod is proud to announce that our Q4 report is out. The report details how Norcod is in a strong position to start commercial sales this summer, having seen exceptional biological performance and received positive market feedback. We continue to be on track to meet our goal of becoming a leading and highly sustainable cod farming company.



Robust price environment on the back of a high demand for Atlantic Cod
Large steps have been taken in biology > commercially farmed cod is viable
Norcod has superior quality and freshness
Ability to deliver through the year (as opposed to wild cod), ensures premium prices
Oceans of opportunity


Current license capacity to reach a run-rate harvest profile of 6,000 tons within 2021
Firm plans and applications have been mapped out to reach 24,500 tons
Exclusive agreements for critical input factors
Solid off-take agreement with Sirena Group secures transparent sales strategy


Norcod has formed strong partnerships with industry leaders across all key areas of the company’s supply chain. Major partners include Sirena Group (Distribution and Sales), Havlandet Marin Yngel (Broodstock), Aller Aqua (Feed), and Nofima (Research & Development).

Investor relations


Please use the contact form for any inquiries regarding Norcod Investor Relations. A member of our team will respond to your message as soon as possible.