NaturalShrimp, Inc. (OTCQB: SHMP) has appointed Marco Van Den Berg to lead its sales and marketing efforts in North America, beginning as a consultant before taking on the role of Vice President of Sales. With over 20 years of experience and a successful background in the seafood industry, Marco aims to enhance customer growth, market expansion, and brand awareness. CEO Gerald Easterling emphasizes Marco’s extensive knowledge and leadership as pivotal for the company's strategic initiatives, including potential international growth.
NaturalShrimp, Inc. (OTCQB: SHMP) has filed a new patent application to enhance its electrocoagulation technology used in its Recirculating Aquaculture System (RAS) for shrimp production. This follows the company's acquisition of F&T Water Solutions, giving it full ownership of the original patent. The new application aims to strengthen legal protections for the technology, which is pivotal for sustainable aquaculture not just for shrimp but also other aquatic species. CTO Tom Untermeyer emphasizes the importance of continued innovation in patent filings to benefit the company and its shareholders.
NaturalShrimp, Inc. (OTCQB: SHMP) has relocated its corporate headquarters to a new facility in Dallas, Texas, aimed at supporting its rapid growth. The new office will feature a test kitchen and dining area, allowing chef Douwe Iedema to create and showcase shrimp dishes. This expansion is designed to enhance sales and marketing efforts, providing a unique advantage in serving customers directly. The move is expected to facilitate the company's future growth and commercialization efforts.
NaturalShrimp, Inc. (OTCQB: SHMP) has successfully closed a registered direct offering of 7,500,000 shares, raising $3,000,000 at a fixed price of $0.40 per share. This offering increases the total capital raised under the current shelf registration to $18 million, with an average share price of $0.525. The funds will be allocated towards previously announced letters of intent and expansion initiatives at the Iowa facility. The securities offered include warrants for 1,100,000 shares at an exercise price of $0.01, with effective registration filed with the SEC.
NaturalShrimp, Inc. (OTCQB: SHMP) will participate in the TRA Marketplace from July 10-12, 2021, in San Antonio, TX. Chef Douwe Iedema will showcase signature NaturalShrimp dishes at Booth #741 during the event. The TRA Marketplace combines a trade show and conference experience, attracting thousands of restaurateurs and industry executives. It features over 500 exhibitors and engaging seminars on the latest trends and technology in the foodservice sector. Industry professionals can RSVP for a spot at the Chef’s Table by contacting Chef Iedema directly.
NaturalShrimp, Inc. (OTCQB: SHMP) has announced its engagement with Lake Street Capital Markets as a Capital Markets advisor. This collaboration aims to support the company's growth strategy in the aquaculture sector, focusing on mergers, acquisitions, and strategic investments. The company anticipates an uplisting to the Nasdaq Stock Market in early Q3 2021. As production ramps up at facilities in Texas and Iowa, NaturalShrimp aims to achieve regular weekly production and expand its capacity through new technologies and equipment.
NaturalShrimp, Inc. (OTCQB: SHMP) is advancing its shrimp production operations in Texas and Iowa. The company has successfully stocked postlarvae shrimp in its Blairsburg, Iowa nursery on March 24, 2021, and transferred them to the Webster City grow-out facility with minimal mortality on May 18-19. Regular weekly production is anticipated to commence in Q4 2021 at the La Coste, Texas facility. NaturalShrimp utilizes patented technology for its shrimp farming, ensuring a sustainable and chemical-free product. A video tour of the Texas facility is available online.
NaturalShrimp, Inc. (OTCQB:SHMP) has finalized a $10 million acquisition of the Intellectual Property (IP) portfolio from F&T Water Solutions, enhancing its leading-edge Recirculating Aquaculture System (RAS) for shrimp. This acquisition consolidates the control over the Electro-Coagulation technology and related patents. CEO Gerald Easterling stated the company now owns the technology applicable to various aquaculture species, with plans to implement it in shrimp operations and license it globally. The company affirms it possesses the most advanced aquaculture system in operation.
NaturalShrimp, Inc. (OTCQB: SHMP) has initiated the transfer of shrimp from its nursery facility in Blairsburg, Iowa, to the grow-out tanks in its Webster City, Iowa production site. This operation marks a significant step in the company’s production strategy, enhancing the management of shrimp growth within controlled environments. The Webster City facility features 240 grow-out tanks, with six now stocked with postlarvae shrimp. This development is aimed at furthering NaturalShrimp's patented RAS technology and expanding their shrimp production capabilities.
NaturalShrimp, a biotechnology aquaculture company, announced the purchase of 20 EC units for its facilities in La Coste, TX and Webster City, IA. A 50% deposit has been made, with the remaining balance due upon completion and shipping. This expansion will enhance operations at both sites to 100% capacity for EC equipment. CEO Gerald Easterling expressed enthusiasm for meeting operational needs, hinting at further updates on production soon. The company specializes in antibiotic-free shrimp farming using patented recirculating aquaculture technology.