Cadman Capital joins Urchinomics to accelerate next stage of growth
January 30, 2023 By Monica Dick
Cadman Capital Group has taken a strategic equity stake in Urchinomics, an aquaculture venture that turns ecologically destructive sea urchins into seafood. It was announced in December that Urchinomics has secured “the world’s first kelp restoration blue carbon credit,” issued after research project in Kunisaki and Nagato, Japan.
Cadman are owners of the largest licensed Urchin aquaculture facility in Canada, Quoddy Savour Seafoods, which ran a pilot study for Urchin ranching with Urchinomics in 2022. Cadman’s involvement will allow Urchinomics to progress ranching for the North American market, and will allow kelp restoration to start across the Bay of Fundy and the East Coast.
The Group is an established investor and operator in restorative aquaculture with over 20 years of experience in the development of processes within on-land lobster and oyster farming.
“We have long recognized that solutions need to focus on the holistic restoration and the sustainable improvement of marine ecosystems, allowing the creation of stronger biodiversity that helps the planet,” said Giles Cadman, ecopreneur and founder of Cadman Capital Group. “Urchinomics’ core model of restorative aquaculture is synergistic to our current operations, particularly within lobster production, and we look forward to supporting Brian and the team to accelerate their operations globally.”
“Cadman Capital Group’s scientific and operational experience in restorative aquaculture means we can now move forward with an aligned mission to improve ocean health,” said Brian Tsuyoshi Takeda, founder and CEO of Urchinomics. “It signifies the start of the next stage of our growth plans and to further our efforts in developing systems that can truly make a difference to the future of our planet.”
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