Blue Star Foods Ramps Shipments to Just Food For Dogs Under its Supply Agreement for Up to $4 Million Annually

Rhea-AI Summary

Blue Star Foods Corp (NASDAQ: BSFC), an integrated ESG sustainable seafood company, has increased shipments to Just Food For Dogs under a contract expecting to generate approximately $4 million in revenue. The shipment includes 1,150 tons (or 2,500,000 lbs.) of certified, wild-caught cod. CEO John Keeler highlighted the significance of this new category for the company, emphasizing the sustainability of their cod fishery certified by the Marine Stewardship Council.

Just Food For Dogs, based in California, aims to improve pet health through nutritionally balanced meals. This partnership reflects Blue Star's commitment to utilizing advanced aquaculture technology and sustainable practices in seafood sourcing.

Positive

• Increased shipments to Just Food For Dogs under a $4 million contract.
• Supply of certified sustainable wild-caught cod.
• Partnership aligns with Blue Star's ESG sustainability goals.

Negative

• None.

New Category Relationship Progressing as Expected

Miami, FL, April 26, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce it has ramped its shipments to Just Food For Dogs, under the initial 2023 contract for up to approximately $4 million revenue to Blue Star.

John Keeler, Chairman and CEO of Blue Star Foods, commented, “We are off to a solid start with Just Food For Dogs, in what is a new category for us. Our cod fishery is certified by MSC (Marine Stewardship Council) and is managed in a responsible and sustainable manner in accordance with internationally recognized criteria. Expected to supply 1,150 tons or 2,500,000 lbs. of wild caught cod (minced frozen of #1 quality human grade)”

About Just Food For Dogs
Founded by Shawn Buckley and based in Irvine, California, Just Food For Dogs launched in 2010 the first-ever kitchen for dogs, making fresh food out in the open for all to see. Just Food For Dogs is assembled by a team of veterinarians and specialists to develop healthy, nutritionally balanced meals. Ever since, Just Food For Dogs has made it its mission to improve the length and quality of life for as many pets as possible—through real food and nutrition—by way of the following core values: 
Relentlessly Advocating for Pet Health 
Being Completely Transparent
Basing Decisions on Scientific Evidence 
Driving Change in Our Category 
Honoring Pet Life Through Support of Rescue Efforts

For more information on Just Food For Dogs, please visit: https://www.justfoodfordogs.com.

About Blue Star Foods Corp. (NASDAQ: BSFC)
Blue Star Foods Corp. is an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS) that processes, packages and sells high-value seafood products. The Company believes it utilizes best-in-class technology, in both resource sustainability management and traceability, and ecological packaging. The Company also owns and operates the oldest continuously operating Recirculating Aquaculture System (RAS) full grow-out salmon farm in North America. The company is based in Miami, Florida, and its corporate website is: https://bluestarfoods.com

Forward-Looking Statements:
The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company’s product development and business prospects, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Risks concerning the Company’s business are described in detail in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contacts:
investors@bluestarfoods.com

FAQ

What is the recent revenue contract for Blue Star Foods (BSFC)?

Blue Star Foods has a recent contract with Just Food For Dogs worth approximately $4 million.

How much cod is Blue Star Foods supplying to Just Food For Dogs?

Blue Star Foods is supplying Just Food For Dogs with 1,150 tons (2,500,000 lbs.) of wild-caught cod.

What sustainability certification does Blue Star Foods have?

Blue Star Foods' cod fishery is certified by the Marine Stewardship Council (MSC) for sustainability.

What is the focus of Blue Star Foods Corp?

Blue Star Foods focuses on sustainable seafood practices, specifically through Recirculatory Aquaculture Systems (RAS).