NaturalShrimp Announces Agreement for the Purchase of Post-Larvae Shrimp
NaturalShrimp, Inc. (OTCQB: SHMP), a pioneer in aquaculture technology, has signed a year-long agreement with Homegrown Shrimp USA, Inc. for the purchase of up to 2,000,000 post-larvae (PL) shrimp monthly. This agreement addresses supply-chain issues that previously hindered shrimp production at its facilities in Webster City, Iowa, and La Coste, Texas. CEO Gerald Easterling emphasized that without sufficient PLs, the company cannot meet customer demands. Additionally, NaturalShrimp plans to develop its own hatchery, utilizing Homegrown's genetic line to establish a consistent supply of fast-growing PLs.
- Long-term agreement with Homegrown for 2,000,000 PLs per month enhances shrimp supply.
- Development of an in-house hatchery aims to secure a consistent supply of high-quality PLs.
- None.
“We are very pleased to finalize our agreement with Homegrown whom we consider to be the premier supplier of quality fast-growing PLs in the Country,” said
In conjunction with Homegrown and industry specialists, the Company intends to develop its own hatchery using broodstock incorporating Homegrown’s genetic line in order to secure the Company’s own readily available supply of fast-growing, high quality PLs.
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