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NaturalShrimp, Inc. (OTCQB: SHMP), a pioneer in aquaculture technology, has signed a year-long agreement with Homegrown Shrimp USA, Inc. for the purchase of up to 2,000,000 post-larvae (PL) shrimp monthly. This agreement addresses supply-chain issues that previously hindered shrimp production at its facilities in Webster City, Iowa, and La Coste, Texas. CEO Gerald Easterling emphasized that without sufficient PLs, the company cannot meet customer demands. Additionally, NaturalShrimp plans to develop its own hatchery, utilizing Homegrown's genetic line to establish a consistent supply of fast-growing PLs.
NaturalShrimp, Inc. (OTCQB: SHMP) has relaunched its online ordering home delivery service, featuring a new fulfillment center and upgraded processes. Successful pilot testing in December 2022 revealed strong customer demand, prompting improvements based on user feedback. The fulfillment center can handle thousands of pounds of shrimp, facilitating local delivery and pickups. New product offerings include shrimp cocktail sauce, with plans for additional sauces and recipe content. CEO Gerald Easterling noted the initial launch's high demand and sell-outs, emphasizing the potential for increased sales and consumer awareness as the company implements its growth strategy.
NaturalShrimp, Inc. (OTCQB: SHMP) will showcase its gourmet-grade Pacific white shrimp during the 35th Annual ROTH Conference from March 12-14, 2023 in Laguna Niguel, California. The company has developed a patented Recirculating Aquaculture System (RAS) for sustainable shrimp farming. Key executives, including CEO Gerald Easterling, will participate in one-on-one meetings to discuss recent milestones and commercialization opportunities. Attendees can enjoy farm-to-table sushi-grade shrimp prepared by Chef Douwe Iedema on March 13 at 6:00 PM PT. For more details, visit NaturalShrimp's website.
NaturalShrimp, Inc. (SHMP) has announced the initiation of a prawn farm wastewater trial in Mackay, Australia, funded by the Fisheries Research and Development Corporation and the Australian Prawn Farmers Association. This project aims to evaluate the company's patented electrocoagulation (EC) technology for reducing total nitrogen and removing microalgae from wastewater. Launched in January 2023, the trial could provide insights into EC technology's broader applications in aquaculture and generate licensing opportunities if successful. Key stakeholders express optimism regarding this innovative approach to improving sustainability in the Australian prawn industry.
NaturalShrimp, Inc. (OTCQB: SHMP) announced the commencement of fresh shrimp deliveries to US Foods in Southern Texas, targeting customers in Austin, Houston, and San Antonio. This strategic initiative aims to educate customers and drive interest in their product through weekly deliveries supported by training and marketing materials. The company’s partnership with US Foods reflects strong market interest, with future plans for expansion into additional regions and the introduction of two new SKUs by late Q2 2023 to enhance product shelf life. NaturalShrimp utilizes patented technology to produce high-quality shrimp without antibiotics.
NaturalShrimp, Inc. (OTCQB: SHMP) reported a successful month following the launch of its e-commerce website and home delivery program on December 9, 2022. The online retail store, led by Chef Douwe Iedema, saw high demand, resulting in a sell-out of initial product offerings, including fresh shrimp and cocktail sauce. CEO Gerald Easterling noted the importance of market feedback to improve user experience and fulfillment processes. The company is also building its fulfillment center, which has faced delays due to supply chain issues. Future plans include enhancing their marketing strategy to boost sales across multiple channels.
Yotta Acquisition Corporation (YOTA) has announced a proposed merger with NaturalShrimp Incorporated (SHMP), a biotechnology aquaculture company. The merger aims to enhance Yotta's market position by acquiring NaturalShrimp's patented shrimp farming technology. Yotta will issue 17.5 million shares valued at $175 million to NaturalShrimp's security holders, with potential additional shares based on revenue targets for 2024 and 2025. The merger is expected to have its common stock and warrants listed on the Nasdaq Capital Market, changing Yotta's name to NaturalShrimp, Inc.