NaturalShrimp, Inc. (OTCQB: SHMP) has achieved a significant milestone by successfully delivering the first commercial shipments of live shrimp to Gulf Seafood Inc. as part of a three-month trial. The agreement, announced in October, includes the delivery of 25,000 pounds of shrimp utilizing GSI's innovative waterless packaging method. The company also reported the development of a state-of-the-art packaging facility in Iowa, enhancing its operational capabilities. CEO Gerald Easterling emphasized the importance of these deliveries in validating NaturalShrimp's patented RAS technology for growing gourmet-grade shrimp.
NaturalShrimp, Inc. (OTCQB: SHMP) will participate in the 10th Annual Technology & Inaugural AgTech Answers Virtual Event from November 16-18, 2021. CEO Gerald Easterling and COO Tom Untermeyer will host one-on-one meetings on November 16. The event is invitation-only and registration is required. NaturalShrimp specializes in innovative shrimp farming technology, utilizing patented Recirculating Aquaculture Systems (RAS) to produce fresh, gourmet-grade shrimp without antibiotics or toxic chemicals, with facilities in Texas and Iowa.
NaturalShrimp, Inc. (OTCQB: SHMP) has appointed Rafael Zelaya as Vice President of Production. With over 30 years of aquaculture experience, he will oversee shrimp production in North America, implementing procedures to meet production goals and ensuring shrimp health. CEO Gerald Easterling emphasized Zelaya's leadership and eco-friendly approach to shrimp farming as beneficial for the company. NaturalShrimp utilizes patented technology to grow gourmet-grade Pacific white shrimp sustainably and without antibiotics.
NaturalShrimp, Inc. (OTCQB: SHMP) announced the appointment of aquatic veterinarian Christine Huynh as head of its subsidiary, Natural Aquatic Systems (NAS). With over 10 years of experience, Christine will consult NAS on commercial research in aquaculture and spearhead projects at the Marineholmen RASLab in Norway. The collaboration aims to explore welfare benefits in aquaculture production and wastewater processing. CEO Gerald Easterling praised Christine's expertise, emphasizing its importance for enhancing shrimp health and production efficiency, and unlocking licensing opportunities for innovative technologies.
NaturalShrimp, Inc. (OTCQB: SHMP) has entered a three-month trial purchase agreement with Gulf Seafood Inc. (GSI) to deliver 25,000 pounds of live shrimp to their distribution network in Florida. GSI, established in 2013, specializes in live shrimp distribution and will assist with logistics and staff training. If the trial is successful, a long-term distribution agreement may follow. The minimum pricing for shrimp is set at $10.50 per pound, potentially leading to sales of $300,000 to $500,000 in Q4 2021, with cash flow positivity projected by mid-2022.
NaturalShrimp, Inc. (OTCQB: SHMP) announced significant developments in a recent letter to shareholders. The company is transitioning to commercialization of its patented Recirculating Aquaculture System (RAS) technology. Key updates include finalizing a Distribution Agreement in Florida with projected sales of $300,000 to $500,000 for Q4 2021, extensive shrimp stocking in Webster City, and advancements towards full capacity in LaCoste. The company aims for a NASDAQ uplist by mid-November 2021, with potential for institutional investments. NaturalShrimp estimates being cash flow positive by Q2 2022.
NaturalShrimp, Inc. (OTCQB: SHMP) will showcase its gourmet-grade Pacific white shrimp at the 14th Annual LD Micro Main Event on October 12-14, 2021, in Los Angeles, California. CEO Gerald Easterling and CFO William Delgado will deliver in-person and virtual presentations discussing the company's patented Recirculating Aquaculture System (RAS) and future milestones. Attendees can taste farm-to-table shrimp prepared by Chef Douwe Iedema during a welcome reception on October 12 at 5:30 PM PT.
NaturalShrimp, Inc. (OTCQB: SHMP) announced promising initial results from its short-term validation study at the Marineholmen RASLab in Norway. The study focuses on the effects of hyper-antioxidant technologies, specifically HydroGas, on freshwater salmon production. Initial trials indicate improved welfare scores and fish health, with no negative impacts on water quality. NaturalShrimp aims to leverage these findings for broader applications in aquaculture, potentially enhancing growth rates and welfare in salmon and other species. The company acquired Hydrenesis Aquaculture's assets in August 2021 to further this research.
NaturalShrimp, Inc. (OTCQB: SHMP) has launched a new investor relations website to enhance communication with investors. The site features a press release feed, share price, SEC filings, and more, optimized for all devices. CEO Gerald Easterling noted that this launch coincides with the anticipated uplisting to Nasdaq in Q4 2021 and follows the acquisition of Hydrenesis Aquaculture, which aims to drive shrimp production and expand into a $17 billion global salmon market. NaturalShrimp focuses on growing shrimp in enclosed systems, emphasizing fresh, sustainable production without antibiotics.
NaturalShrimp, Inc. (OTCQB: SHMP) has finalized its acquisition of Hydrenesis Aquaculture, LLC for $12.5 million, comprising $4 million in cash and the remainder in stock. This acquisition enhances NaturalShrimp's capabilities in aquaculture, particularly through the integration of Hydrenesis' advanced water treatment technologies. The deal is expected to drive growth by expanding into the $17 billion global salmon market and other freshwater species. CEO Gerald Easterling anticipates the acquisition to be accretive to operations and earnings in fiscal year 2022, focusing on sustainable seafood options.