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Blue Star Foods Corp. - BSFC STOCK NEWS

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. (NASDAQ: BSFC) is a global leader in the seafood processing and import industry, headquartered in Miami. The company specializes in the import, packaging, and sale of refrigerated pasteurized crab meat and other premium seafood products. Blue Star Foods derives its revenue from importing blue and red swimming crab meat from Indonesia, Philippines, and China, distributing it across the United States and Canada under an array of premium brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff, Coastal Pride Fresh, and Little Cedar Falls for steelhead salmon and rainbow trout fingerlings.

Blue Star Foods is renowned for its innovative packaging solutions, which have significantly reduced the use of recycled materials and minimized its carbon footprint, keeping millions of pounds of packaging waste out of the environment. The company has been a frontrunner in ensuring verifiable traceability and sustainability in the global seafood market. Upcoming technological advancements are set to further enhance their resource management practices, benefiting both end users and consumers.

With a major focus on the blue swimming crab species, Blue Star Foods has optimized its supply chain efficiencies, and these advancements are seamlessly extending to other species and categories. The company continues to lead by example in sustainability, ensuring that every step in its supply chain adheres to the highest standards.

Recent achievements include the development and launch of new applications aimed at improving resource management and product traceability. Blue Star Foods’ commitment to sustainability and innovation positions it as a key player in the international seafood market.

  • Headquarters: Miami, USA
  • Products: Refrigerated pasteurized crab meat, premium seafood
  • Brands: Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff, Coastal Pride Fresh, Little Cedar Falls
  • Key Markets: United States, Canada
  • Recent Innovations: Advanced packaging solutions, resource management tech
Rhea-AI Summary
Blue Star Foods Corp. (BSFC) provides a shareholder update, reporting $5.1 million in year-to-date 2023 revenues with declining quarterly losses. The company paid off convertible debt, reducing debt net of discounts to $0.9 million and maintaining $4.1 million in cash, inventory and A/R. With 14.4 million shares outstanding, they aim to return to revenue growth and profitability, exploring strategic acquisitive and organic growth opportunities.
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Blue Star Foods Corp. (NASDAQ: BSFC) has announced a 2-year bid award purchase agreement with Sysco Corporation, effective immediately. The agreement is for the purchase of Blue Star’s award-winning brands, such as Blue Star, Pacifika, and Good Stuff. The CEO, John Keeler, highlighted the flexibility of the pricing model to adapt to market trends and expressed confidence in an increase in market share in 2024. Sysco, a global foodservice leader, emphasizes sustainability and responsible sourcing practices.
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Blue Star Foods Corp. allocates $2,573,142 to repay and terminate largest Convertible Note outstanding to The Lind Partners, reducing debt and improving balance. The move allows the company to use operational cash flow for SoftShell crab RAS farm in South Carolina.
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Blue Star Foods Corp. closes public offering, raising approximately $5 million
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Blue Star Foods Corp. announces pricing of public offering at $0.4655 per share, expecting gross proceeds of $5 million.
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Blue Star Foods Corp. receives license renewal for soft-shell crab operations in South Carolina, plans expansion
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Blue Star Foods Corp. reports decrease in operating loss and improvement in balance sheet
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Blue Star Foods Corp. (NASDAQ: BSFC) has regained compliance with the minimum bid price requirement of $1.00 per share and has been granted an extension for the equity requirement by The Nasdaq Stock Market. The company is in compliance with all other listing standards.
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FAQ

What is the current stock price of Blue Star Foods (BSFC)?

The current stock price of Blue Star Foods (BSFC) is $0.1 as of December 20, 2024.

What is the market cap of Blue Star Foods (BSFC)?

The market cap of Blue Star Foods (BSFC) is approximately 873.6K.

What does Blue Star Foods Corp. do?

Blue Star Foods Corp. is an international seafood processor and importer, specializing in the packaging and sale of premium seafood products.

Where is Blue Star Foods Corp. headquartered?

Blue Star Foods Corp. is headquartered in Miami, USA.

What are the main products of Blue Star Foods Corp.?

The main products include refrigerated pasteurized crab meat and other premium seafood items.

What innovations has Blue Star Foods Corp. introduced?

The company has introduced advanced packaging solutions that reduce recycled materials and carbon footprint, along with new resource management technologies.

Which markets does Blue Star Foods Corp. serve?

Blue Star Foods Corp. primarily serves the United States and Canada.

What brands are under Blue Star Foods Corp.?

Brands include Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff, Coastal Pride Fresh, and Little Cedar Falls.

How does Blue Star Foods ensure sustainability?

The company focuses on traceability and sustainability practices, reducing environmental impact through innovative packaging and efficient supply chain management.

What species does Blue Star Foods focus on?

Blue Star Foods focuses primarily on blue and red swimming crab species but extends its supply chain efficiencies to other species.

How does Blue Star Foods contribute to environmental conservation?

The company has minimized its carbon footprint and packaging waste, preventing millions of pounds of packaging from entering the environment.

What future advancements are expected from Blue Star Foods?

Blue Star Foods is set to release new technological applications to enhance resource management and product traceability.

Blue Star Foods Corp.

Nasdaq:BSFC

BSFC Rankings

BSFC Stock Data

873.56k
7.85M
2.8%
0.86%
9.69%
Packaged Foods
Prepared Fresh Or Frozen Fish & Seafoods
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United States of America
WEST PALM BEACH