NaturalShrimp, Inc. (OTCQB: SHMP) provided a production update on its facilities in Iowa and Texas. In Iowa, the company has retrofitted 20% of its Webster City facility, aiming to increase weekly production to 18,000 pounds by Q2 2023. A hatchery is also being developed to manage postlarvae supply. In Texas, production was temporarily impacted by a fire but has since resumed, with expected weekly output reaching 6,000 pounds by Q1 2023. CEO Gerald Easterling indicated confidence in ramping up production and achieving cash flow positivity by Q4 2022.
NaturalShrimp, Inc. (SHMP) announces the successful implementation of its Hydrenesis Technology at Hanilu Farms in Indiana, enhancing water quality in aquaculture. This system, part of their patented Recirculating Aquaculture System, supports year-round production of barramundi, yielding over 900 kg of fish weekly. Positive trial results may lead to technology licensing opportunities for global finfish producers. CEO Gerald Easterling emphasizes the technology's potential to increase health and survival rates, creating avenues for expanded seafood markets.
NaturalShrimp, Inc. (OTCQB: SHMP) continues its mission to provide fresh, land-based gourmet shrimp. Despite a recent fire at the La Coste facility, production remains unaffected, aided by backup equipment. The company has launched live shrimp sales in Texas and Iowa, targeting high-margin markets with projections to reach $1 million in cumulative sales by year-end. Additionally, trials in Norway and upcoming tests in Australia for innovative aquaculture technologies present opportunities for future revenue. A potential NASDAQ uplisting aims to enhance shareholder value.
NaturalShrimp, Inc. (OTCQB: SHMP) will showcase its gourmet-grade Pacific white shrimp at the ROTH 8th Annual London Conference from June 21-23, 2022, in London, UK. Attendees include key executives such as President Gerald Easterling and CFO William Delgado, who will discuss the company's patented Recirculating Aquaculture System technology and its commercialization. The event features a tasting of farm-to-table sushi grade shrimp prepared by Chef Douwe Iedema on June 22, 2022, from 12:00 pm to 1:30 pm (BST).
NaturalShrimp will showcase its gourmet-grade Pacific White Shrimp at the LD Micro Invitational XII from June 7-9, 2022, at the Four Seasons Hotel, Westlake Village, California. Company representatives, including CEO Gerald Easterling and CFO William Delgado, will engage in one-on-one meetings to discuss key milestones and commercialization opportunities regarding their patented Recirculating Aquaculture System (RAS). Attendees can taste the shrimp prepared by Chef Douwe Iedema on June 7 at 1:00 pm and 4:00 pm PT.
NaturalShrimp, Inc. (OTCQB: SHMP) has appointed four independent directors to its Board: Thomas B. Pickens III, Dr. Paraic J. Mulgrew, Dr. Edward R. Rashid, and Edward Johnson. These appointments aim to enhance the company's leadership ahead of its planned uplisting to the Nasdaq Capital Market. Pickens, a seasoned executive with a history of founding successful firms, and the other appointees bring diverse expertise in business, health, and entertainment. CEO Gerald Easterling emphasized their roles in adding value for shareholders and fulfilling Nasdaq requirements.
NaturalShrimp, Inc. (OTCQB: SHMP) announced the issuance of a new patent on April 12, 2022, for its electrocoagulation technology applied in aquaculture. This patent, 11,297,809, enhances their existing system for ammonia control in shrimp production. It builds upon the original patent awarded in 2018, which NaturalShrimp fully owns since acquiring F&T Water Solutions in May 2021. The new patent strengthens the company’s market position and legal protection for its innovative aquaculture methods, according to CTO Tom Untermeyer.
NaturalShrimp, Inc. (OTCQB: SHMP) announces the completion of its Texas production facility retrofit, now utilizing 70% of its tanks for shrimp growth. The firm plans further enhancements with a $1.0+ million contract with Dean Snyder Construction to expedite retrofitting in Iowa facilities, aimed for completion by year-end 2022. CEO Gerald Easterling noted challenges due to COVID-19 affecting supply chains but expressed optimism for recovery and achieving cash flow positivity by Q4 2022.
NaturalShrimp, Inc. (OTCQB: SHMP) will showcase its gourmet-grade Pacific white shrimp at the 34th Annual ROTH Conference from March 13-15, 2022, in Dana Point, California. Company executives, including CEO Gerald Easterling and CFO William Delgado, will partake in one-on-one meetings to discuss milestones and commercialization of their patented RAS technology. Attendees can sample shrimp prepared by Chef Douwe Iedema during events on March 13 at 5:00 PM and March 14 at 6:00 PM PT.
NaturalShrimp (OTCQB: SHMP) released a letter to shareholders highlighting significant achievements and future plans. The company raised over $50 million since a fire at its facility in March 2020, boosting total assets from $2.3 million to over $41 million by December 2021. Despite production delays due to supply chain issues, NaturalShrimp anticipates cash flow positivity by Q4 2022. The firm plans to uplist to NASDAQ by April 15, 2022, and expand its shrimp production facilities in Texas and Iowa. A mega facility in Las Vegas is also in the planning stages, enhancing geographic reach.