AquaBoreal
AquaBoreal is a pre-production Quebec-based aquaculture company developing a land-based Atlantic salmon farm in Baie-Trinit\u00e9 using RAS technology, targeting 10,000 tonnes in Phase 1 (2027) for the local Quebec market, with long-term plans to scale to 100,000 tonnes.
- Company typePrivate
- Founded2021
- HeadquartersQuebec, Canada
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What AquaBoreal does
AquaBoreal is a pre-production aquaculture company developing a land-based Atlantic salmon farming operation in Baie-Trinit\u00e9, Quebec, Canada, within the Manicouagan-Uapishka Biosphere Reserve. Founded in 2021 by L\u00e9opold Landry and Eduardo Kipreos as a partnership with Altamar Group, the company plans to produce 100% natural Atlantic salmon without antibiotics or chemicals using Recirculating Aquaculture System (RAS) technology, drawing pure seawater directly from deep waters of the Labrador Current in the Gulf of St. Lawrence. The RAS platform controls environmental parameters including water quality, oxygen content, temperature, and fish density across the full production cycle from egg to harvest, eliminating parasites, predators, and environmental stressors common in sea-based farming. Fish biowaste is collected daily and repurposed as agricultural fertilizer, creating a circular economy loop, and operations will be powered by renewable Hydro-Qu\u00e9bec energy.
The company's business model centers on the production and sale of premium land-raised Atlantic salmon. Phase 1 targets 10,000 tonnes of annual production capacity, scheduled for 2027, dedicated to the local Quebec market to address the province's seafood autonomy deficit, where 85% of Quebec seafood consumption is currently sourced from foreign markets despite 80% of Quebec seafood production being exported. Long-term plans envision scaling to 100,000 tonnes per year across subsequent phases, expanding from Quebec to national Canadian markets and eventually international export markets. The go-to-market approach combines B2B enterprise sales with community engagement, government relations via Quebec's Plan d'action nordique, and event-driven public consultations to secure social license, particularly with Indigenous communities in the region.
AquaBoreal has not yet generated revenue and remains in the construction financing phase following its March 2026 ministerial decree authorization. The company operates with 1-10 employees and has secured $500,000 CAD in government grant funding from MAPAQ and Soci\u00e9t\u00e9 du Plan Nord under the Plan d'action nordique 2023-2028. Distribution will leverage Altamar Group's two-decade presence in major Canadian and U.S. supermarket supply chains.
AquaBoreal firmographics
Firmographics- Name
- AquaBoreal
- Legal name
- AquaBoreal
- Website
- https://aquaboreal.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- AquaBoreal is a pre-production Quebec-based aquaculture company developing a land-based Atlantic salmon farm in Baie-Trinit\u00e9 using RAS technology, targeting 10,000 tonnes in Phase 1 (2027) for the local Quebec market, with long-term plans to scale to 100,000 tonnes.
- Ownership category
- akta.pro rank
AquaBoreal industry classification
Industry- Product category
- Land-based Salmon Aquaculture
- NAICS
- Finfish Farming and Fish Hatcheries (112511)
- SIC
- Agricultural Prod-Livestock & Animal Specialties (200)
- akta.pro primary industry
- Finfish Farming (e.g., salmon, tilapia, catfish) (AFAEAAAA)
- akta.pro secondary industry
- Aquaculture Farm Services & Operations Support (net cleaning, diving, grading, harvesting) (AFAEAAAM)
Keywords
Where AquaBoreal is headquartered
LocationHeadquarters
- HQ city
- Quebec
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
AquaBoreal business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Operations, Supply Chain, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Atlantic Salmon Production and Sales: Primary revenue from production and sale of premium Atlantic salmon raised without antibiotics or chemicals using RAS technology. Phase 1 targets local Quebec market with 10,000 tonnes annual capacity. Future phases will serve national and international markets.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
AquaBoreal product offering
Product offeringCore offering
AquaBoreal produces premium 100% natural Atlantic salmon raised without antibiotics or chemicals using Recirculating Aquaculture System (RAS) technology in land-based tanks at Baie-Trinit\u00e9, Quebec. The system draws pure seawater from the Labrador Current and uses controlled-environment tanks to raise salmon from egg to harvest-ready size, with Phase 1 targeting 10,000 tonnes annually for the Quebec market and long-term plans for 100,000 tonnes annually serving national and international wholesale, retail, and foodservice customers.
Product overview
AquaBoreal operates as a single-product aquaculture company producing Atlantic salmon using Recirculating Aquaculture System (RAS) technology. The company plans to produce 10,000 tonnes annually in Phase 1 (scheduled for 2027), with eventual capacity of 100,000 tonnes per year. The RAS technology platform enables controlled-environment salmon farming in land-based tanks, eliminating parasites and predators while ensuring rigorous traceability and sustainable production.
Differentiator
Problem solved
Functional benefit
Products and services
- Atlantic Salmon (Land-Based, RAS) 100% natural Atlantic salmon raised without antibiotics or chemicals using Recirculating Aquaculture System (RAS) technology in land-based facilities at Baie-Trinit\u00e9, Quebec, for wholesale, retail, and foodservice customers.
Quantifiable outcome
- 10,000 tonnes annual production capacity in Phase 1 (scheduled 2027), scaling to 100,000 tonnes long-term
- +3 more outcomes
Companies that use AquaBoreal
Customer profileSegments3 records
Ideal customer profiles2 records
AquaBoreal technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
AquaBoreal partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, primary, supporting, regional, industry, technology, local and indigenous relations.
- Government of Quebec / MAPAQcoreProvided maximum $500,000 funding through Entente financière between MAPAQ and Société du Plan Nord 2023-2028 as part of Plan d'action nordique 2023-2028 to develop production, processing and marketing of northern agri-food products.
- Société du Plan Nord (SPN)coreCoordinating body for Plan d'action nordique 2023-2028 with $2.57 billion in investments. Supporting AquaBoreal under action 2.1.7 to develop northern agri-food production, processing and marketing.
- Altamar GroupprimaryMain business partner for the land-based aquaculture project at Baie-Trinité. Altamar Group brings together three major fish production and processing companies in Chile, Argentina and Peru, and is among the first companies in the world to undertake a pilot project for Atlantic salmon fattening using RAS technology. Has been distributing aquaculture products to major Canadian and U.S. supermarkets for 20 years.
- CIMAsupportingPartner organization listed on website, likely providing technical or consulting services for the project.
- Innovation et Développement Manicouagan (ID Manic)regionalRegional development authority that AquaBoreal has been in contact with since project design phase for development and planning.
- Association des aquaculteurs du QuébecindustryQuebec aquaculture industry association providing sector representation and advocacy for the project.
- MU ConseilssupportingConsulting partner providing advisory services for the project development.
- Frare GallantsupportingStrategic partner listed on website for the project.
- RecirculacionchiletechnologyChilean company specializing in RAS technology, co-founded by Manuel Godoy. Provides technical expertise for the recirculating aquaculture system implementation.
- Municipality of Baie-TrinitélocalHost municipality for the land-based aquaculture project. Founded in 1955, located in Manicouagan RCM on Quebec's North Shore. Main industries include tourism, fishing, and seafood processing.
- Innu Communities (Pessamit and Uashat Mak Mani-utenam)indigenous relationsIndigenous communities whose ancestral territories border Baie-Trinité municipality. AquaBoreal seeks to establish relationships with these communities as part of social acceptance process.
Scale indicators6 records
Recent moves5 records
Expansion highlights4 records
AquaBoreal competitors and assessment
Company assessmentDirect peers
- Whole Oceans: Planned RAS Atlantic salmon facility in Maine targeting the U.S. market; directly comparable land-based RAS competitor in northeastern North America.
- Pure Salmon: Global land-based RAS salmon producer with projects across multiple geographies; comparable in RAS technology and Atlantic salmon focus.
- Salmon Evolution: Norwegian land-based salmon farming company using hybrid RAS/flow-through systems; directly comparable in technology category (land-based salmon) and commercialization stage.
- Andfjord Salmon: Norwegian land-based salmon producer using flow-through seawater technology; comparable to AquaBoreal's seawater-based approach in Baie-Trinité.
- Atlantic Sapphire: Land-based RAS Atlantic salmon producer with U.S. operations in Florida and Denmark; the closest large-scale North American RAS salmon comparable to AquaBoreal's technology and species focus.
- Nordic Aquafarms: Land-based RAS salmon producer with projects in Norway and (planned) Maine; direct competitor in the North American land-based salmon space.
Emerging players
- AquaBounty Technologies: U.S.-based land-based aquaculture company focused on genetically engineered salmon; comparable in land-based production approach and species, though with a different technical angle (transgenic vs. RAS).
Broad incumbents
- Mowi: World's largest Atlantic salmon producer with conventional marine and freshwater operations; a benchmark incumbent for salmon production scale and market dynamics relevant to AquaBoreal's competitive context.
- Cooke Aquaculture: Major North American salmon producer with established Canadian operations; relevant incumbent competing for the same domestic retail and foodservice customers AquaBoreal targets.
- Cermaq: Global salmon farming company owned by Mitsubishi Corporation (via Southern Cross Seafoods, co-founded by AquaBoreal co-founder Eduardo Kipreos); incumbent competitor and indirect partner-network overlap.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
AquaBoreal social profiles
Digital presenceAquaBoreal financial estimates
Financial estimateRevenue estimate
Valuation estimate
AquaBoreal leadership team
Management profileNumber of profiles
Profiles4 records
AquaBoreal funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AquaBoreal M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AquaBoreal
What does AquaBoreal do?
AquaBoreal produces premium 100% natural Atlantic salmon raised without antibiotics or chemicals using Recirculating Aquaculture System (RAS) technology in land-based tanks at Baie-Trinit\u00e9, Quebec. The system draws pure seawater from the Labrador Current and uses controlled-environment tanks to raise salmon from egg to harvest-ready size, with Phase 1 targeting 10,000 tonnes annually for the Quebec market and long-term plans for 100,000 tonnes annually serving national and international wholesale, retail, and foodservice customers.
Is AquaBoreal a public or private company?
AquaBoreal is a private company. It is classified as corporate owned and is currently operating.
When was AquaBoreal founded?
AquaBoreal was founded in 2021. It employs 1 to 10 people.
Where is AquaBoreal based?
AquaBoreal is headquartered in Quebec, Canada, in the North America region.
How does AquaBoreal make money?
One revenue line is on record: atlantic Salmon Production and Sales.
Who are AquaBoreal's main competitors?
Direct peers on record are Whole Oceans, Pure Salmon, Salmon Evolution, Andfjord Salmon, Atlantic Sapphire and Nordic Aquafarms. AquaBounty Technologies is listed as an emerging player. Broad incumbents are Mowi, Cooke Aquaculture and Cermaq.
Does AquaBoreal have an API?
No public API is recorded for AquaBoreal.
What industry is AquaBoreal in?
AquaBoreal's product category is Land-based Salmon Aquaculture. Its primary akta.pro industry code is AFAEAAAA, Finfish Farming (e.g., salmon, tilapia, catfish), with a secondary code of AFAEAAAM, Aquaculture Farm Services & Operations Support (net cleaning, diving, grading, harvesting). Its NAICS code is 112511 and its SIC code is 200.