Land-Based Indoor RAS Cobia / Black Kingfish (Rachycentron canadum) Yield 2026

Underwrite circular industrial RAS raceways rearing fast-growing Cobia / Black Kingfish (reaching 5.0kg sashimi grade in 12 months), wholesale farm-gate pricing ($17.80/kg), and facility EBITDA.

Underwriting Assumptions

Annual Whole Cobia Harvest (Metric Tonnes)

Wholesale Sashimi Cobia Price ($/kg)

Biological Feed Conversion Ratio (FCR)

High-Protein Marine Extruded Feed ($/kg)

Oxygen Generation, Bio-Filtration & Labor ($/yr)

Projected Economics

Gross Annual Cobia Sales

Annual Feed Expenditure

Net Annual Operating EBITDA