Welcome to our dedicated page for Blue Star Foods news (Ticker: BSFC), a resource for investors and traders seeking the latest updates and insights on Blue Star Foods stock.
Blue Star Foods Corp. (BSFC) generates a steady flow of company news that reflects its focus on sustainable seafood, Recirculating Aquaculture Systems (RAS), and value-added seafood products. Based in Miami, Florida, the company uses press releases to outline developments in its aquaculture operations, product portfolio, distribution partnerships, capital markets activity, and corporate governance.
Recent news has highlighted Blue Star Foods’ efforts to grow revenue while emphasizing ESG principles. The company has reported quarterly results that discuss changes in revenue, gross profit, operating loss, and net loss, along with commentary on right-sizing operating expenses and repositioning its sales team. These earnings-related updates provide context on how management views business performance and strategic priorities.
Product and market expansion announcements are another key theme in BSFC news. Blue Star Foods has publicized the launch of an Asian Food Division focused on high-value sushi categories under the Blue Star brand, as well as the rollout of a flagship 6-ounce crab meat pouch made from wild-caught blue swimming crab. The company has also described a vendor agreement with LowTide LLC involving the Wicked Tuna Seafood and Toby Keith’s Premium brands, and a national distribution partnership with KeHE Distributors that supports broader retail and online availability.
For investors following the aquaculture side of the business, news from Taste of BC Aquafarms covers agreements such as a fingerling supply arrangement with Miracle Springs, intended to support increased steelhead salmon production using RAS technology. Additional releases address topics like the company’s move from Nasdaq to OTC Markets, quotation on the OTCQB Venture Market, a stock buyback program, and changes in its independent registered public accounting firm.
By reviewing the BSFC news feed, readers can track how Blue Star Foods communicates its financial results, strategic initiatives, partnerships, and regulatory milestones over time.
Taste of BC Aquafarms, a subsidiary of Blue Star Foods Corp. (NASDAQ:BSFC), released operational metrics for July to December 2021. Key highlights include an average fish harvest weight of 2.057kg, a harvest downgrade percentage of 1.5%, and a feed conversion ratio of 1.12 KG Feed/Kg, surpassing the industry standard. The company aims to maintain production levels while expanding to a larger facility with a target of 21,000 metric tons by 2028. CEO John Keeler emphasized the consistency in production and quality, urging investors to assess their performance against other RAS farms.
Blue Star Foods Corp. (NASDAQ:BSFC) announced the signing of a term sheet to acquire certain assets of Gault Seafood, LLC, a company specializing in Recirculatory Aquaculture Systems (RAS). This acquisition aims to leverage Gault's unique technology for harvesting Atlantic Blue Crab during its off-season, potentially creating a year-round market for this product. The deal, expected to close in Q1-2022, aligns with Blue Star's strategic M&A approach of integrating innovative technologies into its operations, enhancing its marine protein offering.
Blue Star Foods Corp. (NASDAQ:BSFC) announced a two-year agreement with Taste of BC Aquafarms to supply Steelhead Salmon fingerlings worth approximately $1M. This agreement is a part of BSFC's strategy to enhance margins and reduce production risk, as fingerlings reach market size in four months compared to a year for full-sized fish. Taste of BC has established itself as a leader in the Recirculating Aquaculture Systems industry, offering sustainable seafood solutions. The partnership reflects confidence in TBC's superior rearing capabilities, critical for the growth performance of steelhead salmon.
Blue Star Foods Corp. (Nasdaq: BSFC), an integrated ESG seafood company, announced CEO John Keeler's participation in two investor conferences on December 8-9, 2021. He will present at the Sidoti December 2021 Virtual Micro Cap Conference on December 8 at 11:30 a.m. ET, and at The Benzinga Global Small Cap Conference on the same day at 4:20 p.m. ET. Blue Star focuses on sustainable seafood practices and operates the oldest full grow-out salmon farm in North America.
Summary not available.
Blue Star Foods Corp. (NASDAQ:BSFC) reported significant growth for Q3-2021, achieving sales of $3.726 million, a 75% increase from $2.129 million in Q2-2021. The company successfully uplisted to NASDAQ on November 3, 2021, raising $4 million in a registered securities offering to bolster its operations. The RAS division continues to progress with plans for a new land-based salmon farming facility in British Columbia. Despite a net loss of $161,788, the adjusted cash net income improved to $367,382, reflecting strong operational momentum.
Blue Star Foods Corp. (NASDAQ:BSFC) announced plans to establish a larger-scale land-based steelhead salmon farm through its subsidiary, Taste of BC Aquafarms (TBC), in Deep Bay, British Columbia. The company secured a 20-year land-lease for approximately 20 acres with an option for 10 additional acres, situated in an Agricultural Land Reserve, facilitating commercial aquaculture without re-zoning. The farm aims for annual production of up to 4,500 MT utilizing low-cost hydro-electricity, aligning with Blue Star's sustainable practices.
Blue Star Foods Corp. (NASDAQ:BSFC) has successfully closed its public offering of 800,000 shares at $5.00 each, raising $4.0 million before expenses. The underwriters also received a 45-day option for an additional 120,000 shares. Proceeds are earmarked for general corporate purposes including working capital and capital expenditures. The shares began trading on Nasdaq on November 3, 2021. This offering follows an effective registration with the SEC, ensuring compliance with securities laws.
Blue Star Foods Corp. (NASDAQ: BSFC) announced the pricing of a public offering of 800,000 shares at $5.00 per share, raising total gross proceeds of $4 million. Underwriters have a 45-day option to purchase an additional 120,000 shares. The offering is expected to close by November 5, 2021, with trading commencing on NASDAQ on November 3, 2021. Proceeds will support general corporate purposes, including working capital and capital expenditures.
Blue Star Foods Corp. (OTC: BSFC) participated in an FAO forum discussing land-based aquaculture's role in enhancing supply chain resiliency. CEO John Keeler highlighted challenges posed by COVID-19 and climate change on fisheries, emphasizing the advantages of Recirculating Aquaculture Systems (RAS). Blue Star is developing a large-scale RAS facility in British Columbia to meet rising global seafood demand, utilizing technology and sustainability practices. The company operates North America's oldest RAS salmon farm, reflecting its commitment to eco-friendly seafood production.
FAQ
What is the current stock price of Blue Star Foods (BSFC)?
What is the market cap of Blue Star Foods (BSFC)?
