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. (OTC: BSFC) announced that CEO John Keeler will present at the Virtual Rocket Pitch + Power Networking hosted by CONNECTpreneur Investor Network. The event is scheduled for September 30, 2021, from 11 a.m. to 1 p.m. ET. Blue Star is an integrated Environmental, Social, and Governance (ESG) seafood company specializing in processing, packaging, and selling high-value seafood products. The company is recognized for utilizing advanced technology for sustainability and owns North America's oldest RAS salmon farm.
Blue Star Foods Corp. (OTC: BSFC) reported Q2-2021 results with revenues of $2.129 million, down from $2.485 million in Q1-2021, primarily due to industry-wide supply chain challenges. The company announced the acquisition of Taste of BC Aquafarms and completed a $3 million private placement to strengthen its balance sheet. Operating expenses rose 12% to $843,319, driven by one-time legal fees. Adjusted cash net income improved to $31,573 from a loss, but net income remains a loss of $437,127.
Blue Star Foods Corp. (OTC: BSFC) announced that its subsidiary, Taste of BC Aquafarms, has chosen PR Aqua as the technology provider for its new 1,500 metric ton Recirculating Aquaculture Systems (RAS) farm. They signed a multi-phase engineering contract to leverage PR Aqua's expertise in facility design and advanced equipment. Taste of BC previously partnered with PR Aqua for its first successful 80 metric ton salmon farm. The expansion aims to enhance sustainable seafood production.
Blue Star Foods Corp. (OTC:BSFC) announced that CEO John Keeler will present at the Diamond Equity Research Emerging Growth Invitational virtually on August 17, 2021, at 9:40 a.m. ET. This event highlights the company's commitment to Environmental, Social, and Governance (ESG) initiatives in the seafood industry. Blue Star is known for processing and selling high-value seafood products, including refrigerated pasteurized Blue Crab meat and Steelhead Salmon. The company aims to lead in sustainability and traceability in seafood.
On July 20, 2021, Blue Star Foods Corp. (OTC: BSFC) announced operational metrics from its subsidiary, Taste of BC Aquafarms. The average fish harvest weight reached 2.218kg, outperforming the target of 2kg for Steelhead Salmon. The harvest downgrade percentage was noted at 1.36%, indicating effective market readiness. Additionally, the feed conversion ratio was 1.08kg feed/kg, better than the industry standard of 1.2kg feed/kg. The company aims for significant growth, projecting a larger facility capacity of 1,500 metric tons and an internal target of 21,000 metric tons by 2028.
Blue Star Foods Corp. has acquired Taste of BC Aquafarms, a leading player in the land-based Recirculating Aquaculture Systems (RAS) industry, for strategic expansion. The acquisition is expected to enhance Blue Star's production capacity, targeting 21,000 metric tons by 2028. The deal combines cash, equity, and debt assumption, aiming to leverage Taste of BC's scalable model for growth. Blue Star emphasizes its commitment to sustainable seafood and aims to significantly increase RAS-produced Steelhead Salmon in the market.
Blue Star Foods Corp. (OTC: BSFC) announced its participation in the Access to Giving Virtual Conference, scheduled for July 14, 2021, at 1:30 p.m. ET. The presentation will be delivered by Executive Chairman and CEO John Keeler. This innovative conference allows companies to present to investors while raising funds for charity. Registration for the conference is complimentary for all participants, with a chance to schedule one-on-one meetings with Blue Star management. Blue Star is recognized for its sustainable seafood products, including refrigerated pasteurized Blue Crab meat.
Blue Star Foods Corp. (OTC:BSFC) announced its participation in the LD Micro Invitational XI virtual event on June 9th at 3:30 PM ET. CEO John Keeler will present, aiming to enhance the company’s visibility and profile among investors. The event, scheduled from June 8th to June 10th, will showcase over 200 companies. Blue Star, dedicated to sustainable seafood, processes and sells premium crab meat and other products globally. This presentation provides an opportunity to share the company's strategies amidst the restaurant industry's recovery.
Blue Star Foods Corp. (OTC:BSFC) reported Q1-2021 results, revealing $2.5 million in revenue, down from $4.6 million in Q1-2020 due to supply chain disruptions and COVID-19 impacts. Operating expenses decreased by 26% to $748,000. The working line of credit was reduced by 85% to $780,000. Despite a net loss of $478,000, this is an improvement from a loss of $854,000 a year earlier. The company anticipates ongoing supply chain challenges but remains optimistic about a recovery in the second half of 2021.
Blue Star Foods Corp. (OTC:BSFC) announced a significant vendor agreement to supply its trademarked brands, Blue Star and Pacifika, to a national foodservice warehouse supplier. This 12-month agreement, starting September 2021, could generate up to $31 million in wholesale value. CEO John Keeler expressed optimism for the restaurant sector's rebound post-COVID-19, foreseeing a resurgence in demand. The company emphasizes its sustainable sourcing practices, aligning with consumer trends favoring eco-friendly products.
