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US land-based seabass producer nabs 'significant' investment

Deal will give supplier a stronger balance sheet and fund growth.

US land-based seabass producer Ideal Fish on Friday announced it closed a "significant" equity investment from a consortium of US and international investors.

The funds will be used for growth capital, and strengthen the company's balance sheet.

Ideal Fish is on track to produce 175 metric tons of European seabass in recirculating aquaculture system (RAS) farm in Waterbury, Connecticut.

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