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) provides investors and industry stakeholders with comprehensive access to its latest corporate developments through this centralized news hub. As an international seafood processor prioritizing sustainable practices and supply chain transparency, BSFC’s news coverage spans operational milestones, environmental initiatives, and market expansions.
This resource aggregates official press releases and verified updates, including earnings reports, packaging innovations, and traceability advancements. Users gain insights into the company’s patented eco-friendly packaging systems, multinational facility operations, and quality assurance protocols that define its position in the global seafood sector.
Bookmark this page for direct access to BSFC’s evolving strategies in sustainable seafood processing and international trade dynamics. Regular updates ensure stakeholders remain informed about developments impacting the company’s role within the $150B+ global seafood economy.
Blue Star Foods Corp. (OTCQB: BSFC) has announced the launch of its new Asian Food Division, focusing on high-value sushi categories. The division, operational since February 1, 2025, will commercialize products under the Blue Star Brand, particularly featuring Hamachi sourced from Japan's Kagawa prefecture, Seto Inland Sea, and Kagoshima Bay.
The strategic move aims to capitalize on the growing popularity of Japanese cuisine and increasing demand for authentic sushi experiences. The U.S. sushi restaurant industry has demonstrated significant growth, expanding by 163% over a decade to reach $27.9 billion in 2022, with projections indicating a market value of $34.9 billion by 2025. Currently, there are approximately 30,000 sushi restaurants operating in the United States.
Blue Star Foods Corp. (OTCQB: BSFC), a sustainable seafood company specializing in Recirculatory Aquaculture Systems (RAS), has announced its inclusion on the OTC Markets Group's OTCQB Venture Market. This strategic move aims to enhance the company's transparency and market accessibility.
The OTCQB listing requires companies to meet high financial reporting standards and corporate governance requirements. According to Chairman and CEO John Keeler, this milestone is expected to improve trading liquidity, broaden the shareholder base, and enhance investor engagement. The company has expressed its intention to work towards regaining a listing on a major national exchange in the future.
Key advantages of the OTCQB quotation include enhanced transparency through comprehensive financial reporting, increased market visibility, strengthened credibility, and improved access to capital markets for funding expansion initiatives.
Blue Star Foods Corp. (NASDAQ: BSFC) announced its delisting from Nasdaq due to violation of the Minimum Bid Price Requirement. The company will begin trading on OTC Markets on Friday, December 20, 2024. The company opted not to appeal the delisting decision, citing potential benefits including lower public company costs and elimination of immediate reverse split requirements. CEO John Keeler emphasized that the delisting does not reflect operational performance, stating the company has returned to revenue growth with a strong cash position. Blue Star plans to apply for listing on the OTCQB as soon as practicable.
Blue Star Foods Corp. (NASDAQ: BSFC) has announced a stock buyback program to repurchase up to $1.5 million of its common stock. The company will conduct repurchases in the open market, with timing and amount depending on factors including price, trading volume, and market conditions. The program can be suspended, modified, or discontinued at any time. Management believes the stock is significantly undervalued and views the buyback as an opportunity to return value to shareholders.
Blue Star Foods Corp (NASDAQ: BSFC) has signed a Vendor Agreement with LowTide for the development and nationwide distribution of two brand lines: Wicked Tuna Seafood and Toby Keith's Premium. The partnership combines Blue Star's seafood expertise with LowTide's culinary capabilities to deliver premium, sustainably sourced products. Blue Star will procure domestic seafood products and collaborate with LowTide to develop meal solutions under these brands. The Wicked Tuna brand, inspired by the TV series, focuses on authentic seafood experiences, while Toby Keith's Premium line promises 100% USA-sourced food products.
Blue Star Foods Corp. (NASDAQ: BSFC), an ESG sustainable seafood company, has issued a shareholder letter addressing recent challenges and financial improvements. The company reports a 50.4% reduction in total liabilities, strengthening its balance sheet by $4,630,557 in shareholder equity as of June 30, 2024, compared to the same period in 2023.
CEO John Keeler addresses difficulties with Taste of BC Aquafarm's parcel landlord, Steve Atkinson, citing allegations of tort interference, harassment, trespassing, and property vandalization. The company is facing a libel and slander campaign, which it attributes to false rumors spread by Mr. Atkinson.
Blue Star Foods emphasizes its commitment to transparency, factual communication, and protecting shareholder interests while continuing to focus on sustainable seafood production and targeted revenue growth.
Blue Star Foods Corp. (NASDAQ: BSFC) announced that its subsidiary, Taste of BC Aquafarms, has signed a significant fingerling supply agreement with Miracle Springs. This partnership is set to accelerate harvest growth and meet increasing market demand. The agreement includes:
1. Initial supply of 1,250 kg of fish (750 kg of 100-200g and 10,000 50g fingerlings)
2. Ongoing supply of 10-20 thousand fingerlings in Q1 and Q2 2025
3. 20 thousand 50g fingerlings every 2 months starting Q3 2025
The contract, valued at approximately CAD$200,000, is expected to increase Taste of BC's production capability to 200 Tons HOG Steelhead salmon in 2025 & 2026, projecting revenues of CAD$2.315 million at current selling prices. Taste of BC is also upgrading farm systems to support additional biomass and enhance oxygen and ozone capacities, targeting a 40% reduction in LOX costs.
Blue Star Foods Corp. (NASDAQ: BSFC) has reiterated its 2024 forecast of at least 65% revenue growth with an annual run-rate exceeding $20 million. The company's confidence is based on a strong pipeline of existing and new business, supported by several initiatives:
1. Roll-out of gourmet meals for the U.S. Military
2. Weekly harvests at their land-based steelhead salmon farm
3. Increasing inventory levels in anticipation of revenue acceleration
4. Plans to improve soft-shell crab operations using AI and UV technology
CEO John Keeler addressed investor concerns, stating that the company is unaware of any specific reason for the stock's underperformance since withdrawing their S-1 Registration Statement on August 16, 2024. Blue Star has also strengthened its balance sheet by paying off $645,668 in debts.
Blue Star Foods Corp. (NASDAQ: BSFC), an ESG-focused sustainable seafood company, has significantly improved its financial position by reducing $645,668 in liabilities following its Q2 2024 10-Q filing on August 14th. This strategic move is part of Blue Star's broader initiative to enhance its financial health by reducing debt and increasing shareholder equity. John Keeler, Chairman and CEO, emphasized the company's commitment to strengthening its balance sheet and financial foundation to drive growth value for shareholders. Blue Star specializes in Recirculatory Aquaculture Systems (RAS) and aims to create a more robust financial structure to support its sustainable seafood operations.
Blue Star Foods Corp. (NASDAQ: BSFC), an ESG sustainable seafood company, has requested the SEC to withdraw its Registration Statement on Form S-1 filed on August 6, 2024. The company has decided not to pursue its public offering at this time, citing that the current market capitalization doesn't accurately reflect the company's true value. No securities have been sold in connection with the offering, and the Registration Statement was not declared effective by the SEC. CEO John Keeler emphasized that this decision was made after careful consideration of financial standing and market conditions, aiming to protect shareholder interests and support long-term growth. Blue Star Foods remains confident in its business model and sales growth trend, assuring that this move will not impact core operations or strategic objectives.
