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Blue Star Foods Corp - BSFC STOCK NEWS

Welcome to our dedicated news page for Blue Star Foods (Ticker: BSFC), a resource for investors and traders seeking the latest updates and insights on Blue Star Foods.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Blue Star Foods's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Blue Star Foods's position in the market.

News
Blue Star Foods Secures Additional Non-Dilutive Growth Capital to Support Expansion of Business Under Existing Master Service Agreement & Soft Shell Crab Operations
Rhea-AI Summary
Blue Star Foods Corp. secures additional non-dilutive growth capital to support business expansion and soft shell crab operations. The company entered into securities purchase agreements, issuing promissory notes and shares of restricted common stock. The CEO, John Keeler, expresses confidence in the company's growth prospects and commitment to profitability. Blue Star also received approval for continued listing on NASDAQ, subject to certain conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.2%
Tags
none
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News
Blue Star Foods Signs Agreement with Eagle Rising to Provide High-Quality, Nutritious Meals for U.S. Military
Rhea-AI Summary
Blue Star Foods Corp. announces a strategic supply agreement to provide innovative food solutions to the U.S. Military under the Eagle Rising Brand. The agreement includes the rollout of thirteen premium meal options, emphasizing quality, nutrition, and sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.18%
Tags
none
-
News
Blue Star Foods Starts its Soft-Shell Crab Season
Rhea-AI Summary
Blue Star Foods Corp. (NASDAQ: BSFC) announces the start of soft-shell crab production in South Carolina for the 2024 season. The company's Recirculatory Aquaculture Systems (RAS) platform utilizes proprietary Bio-Plan to meet the increasing demand for soft shell crabs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.02%
Tags
none
News
Blue Star Foods Executes Transformational Master Service Agreement to Generate an Expected $20 Million Additional Revenue in 2024
Rhea-AI Summary
Blue Star Foods Corp. signs a Master Service Agreement with a vertically integrated seafood value added provider to enhance sourcing, operations, and distribution. The agreement aims to optimize businesses and drive growth in the gourmet seafood market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.47%
Tags
none
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News
Blue Star Foods Attains Green Rating in Latest EcoVadis Scorecard
Rhea-AI Summary
Blue Star Foods Corp. (NASDAQ: BSFC) has been awarded a Green Rating in its latest EcoVadis scorecard, with a score of 53, a considerable upgrade from the previous Yellow Rating of 40. The company has also received a bronze medal for sustainability reporting achievements. Most subcategories scores, including Environment, Labor & Human, and Sustainable Procurement, have been rated Good to Advanced. However, there is more work to be done in Ethics & information security.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.8%
Tags
none
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News
Blue Star Foods Provides Shareholder Update
Rhea-AI Summary
Blue Star Foods Corp. (BSFC) provides a shareholder update, reporting $5.1 million in year-to-date 2023 revenues with declining quarterly losses. The company paid off convertible debt, reducing debt net of discounts to $0.9 million and maintaining $4.1 million in cash, inventory and A/R. With 14.4 million shares outstanding, they aim to return to revenue growth and profitability, exploring strategic acquisitive and organic growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.88%
Tags
none
News
Blue Star Foods Signed 2-Year Bid Award Purchase Agreement with Sysco Corporation
Rhea-AI Summary
Blue Star Foods Corp. (NASDAQ: BSFC) has announced a 2-year bid award purchase agreement with Sysco Corporation, effective immediately. The agreement is for the purchase of Blue Star’s award-winning brands, such as Blue Star, Pacifika, and Good Stuff. The CEO, John Keeler, highlighted the flexibility of the pricing model to adapt to market trends and expressed confidence in an increase in market share in 2024. Sysco, a global foodservice leader, emphasizes sustainability and responsible sourcing practices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.41%
Tags
none
-
News
Blue Star Foods Repays Convertible Note
Rhea-AI Summary
Blue Star Foods Corp. allocates $2,573,142 to repay and terminate largest Convertible Note outstanding to The Lind Partners, reducing debt and improving balance. The move allows the company to use operational cash flow for SoftShell crab RAS farm in South Carolina.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.92%
Tags
none
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News
Blue Star Foods Announces Closing of $5 Million Public Offering
Rhea-AI Summary
Blue Star Foods Corp. closes public offering, raising approximately $5 million
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.05%
Tags
offering
News
Blue Star Foods Announces Pricing of $5 Million Public Offering
Rhea-AI Summary
Blue Star Foods Corp. announces pricing of public offering at $0.4655 per share, expecting gross proceeds of $5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.67%
Tags
offering
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Blue Star Foods Corp

Nasdaq:BSFC

BSFC Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
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BSFC Stock Data

2.81M
37.03M
8.97%
0.69%
0.93%
Seafood Product Preparation and Packaging
Manufacturing
Link
United States
Miami

About BSFC

blue star foods inc. is an international seafood processor and importer. owning and operating several multinational production facilities and exporting seafood products to a global audience. one of the first seafood organizations to revolutionize its packaging with a patented system that has reduced its recycled materials and carbon footprint, saving millions of pounds of packaging from entering the environment. blue star foods has been one of the leaders in verifiable traceability and on the path to sustainability within the global seafood economy. coming soon will be the release of our technological advancements. these new applications will enhance our resource management best practices and benefit the end-user and consumer alike. the work we have done within the blue swimming crab specie allows our enterprise to enhance our supply chain efficiencies. our supply chain advancements transcend seamlessly into other species and categories.