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NaturalShrimp Holdings, Inc., based in San Antonio, Texas, United States, is a leading food production company. Headquartered in Dallas, with production facilities in San Antonio, Texas, and Webster City, Iowa, the company focuses on aquaculture. NaturalShrimp has revolutionized shrimp farming by developing innovative enclosed salt-water systems using patented technology to produce fresh Pacific white shrimp naturally, without the need for antibiotics or toxic chemicals. The company's commitment to sustainability is evident in its recent patent filings in Japan, Thailand, and Australia and its successful 6-month trial of Electrocoagulation and Hydrogas™ technologies in Japan. With plans for expansion and listings on the Chicago Board of Options Exchange, NaturalShrimp is poised for growth and further innovation in the aquaculture sector.
NaturalShrimp, Inc. (OTCQB: SHMP), a biotechnology aquaculture company, announced its participation in the 10th Anniversary World Food Championships from November 9-13, 2022, in Dallas, TX. Chef Douwe Iedema, the company's Director of E-commerce, will judge two seafood panels and promote NaturalShrimp's sustainable shrimp products. The event coincides with their upcoming online ordering program featuring gourmet-grade shrimp and related culinary products. The company emphasizes its patented Recirculating Aquaculture System, which enables antibiotic-free shrimp production.
NaturalShrimp (OTC-PINK: SHMP) announced a merger with Yotta Acquisition Corp. (NASDAQ: YOTA) to boost production of sushi-grade shrimp and seafood. The deal could net $105 million in cash, with a total enterprise value projected at $275 million. As part of the merger, Yotta will issue 17.5 million shares and additional contingent shares based on revenue targets for 2024 and 2025. The companies plan to list on Nasdaq post-transaction, enhancing visibility and access to growth capital.
NaturalShrimp, Inc. (OTCQB: SHMP) announced an update on its online ordering home delivery program, set to launch in early November 2022. This initiative will offer fresh heads-on shrimp and unique sauces, alongside recipe books and cooking videos. The company’s Distribution Center in the Dallas-Fort Worth area is nearing completion, facilitating efficient processing and shipping. CEO Gerald Easterling highlighted the increased demand for direct-to-consumer sales, bolstered by a partnership with US Foods and the ongoing success of their live shrimp sales.
NaturalShrimp, Inc. (OTCQB: SHMP) announced a joint patent application with Hydrenesis, Inc. to enhance its Intellectual Property (IP) protection for Electrocoagulation (EC) and HydroGas technologies. The new technologies demonstrate improved welfare scores in both shrimp and finfish, confirmed by third-party trials in Norway. This collaboration aims to strengthen the existing IP portfolio and license the technologies for various aquatic species, indicating the company's commitment to innovation and growth, as emphasized by leadership statements on production capabilities and shareholder value.
NaturalShrimp, Inc. (OTCQB: SHMP) has announced plans for a new shrimp production facility in Jefferson County, Florida. Support from state and local government officials, including Florida State Senator Loranne Ausley, is being sought for grants to fund the project. The facility will span 180,000 square feet and utilize the company's patented technologies, which have been successfully operational in Texas and Iowa. COO Tom Untermeyer expressed optimism about the support received and the ongoing development of the facility, aiming for scalability and capital efficiency.
NaturalShrimp, Inc. (OTCQB: SHMP) has partnered with US Foods for an exclusive shrimp grow-out program serving customers in Austin, Houston, and San Antonio. This collaboration aims to offer fresh, naturally grown Texas shrimp to restaurants within an 8-hour delivery radius. The partnership aligns with rising consumer demand for local products, and NaturalShrimp plans to supply US Foods weekly following a recent production boost enabled by their innovative Hydrogas technology. The company will also feature at the US Foods Immersion show in Austin on October 12.
NaturalShrimp, Inc. (OTCQB: SHMP) has appointed Brian Rashid as the new Regional Sales Manager, enhancing its sales and marketing operations. The company has initiated a regular live shrimp sales program in cities like Chicago and San Antonio, with plans to expand into Austin and Dallas. A distribution center is set to be established in Dallas Fort Worth to facilitate online sales and home delivery. Recent talks are underway to supply fresh shrimp to a significant national wholesale food service distributor in Texas, indicating strong demand growth.
NaturalShrimp, Inc. (OTCQB: SHMP) announces advancements in its patented electrocoagulation (EC) and Hydrogas technologies, enhancing shrimp production efficiencies while also benefiting other aquatic species. The technologies facilitate ammonia and nitrite removal, contributing to healthier aquaculture environments. The company has filed for international patent protection under the Patent Cooperation Treaty and is developing a strategic 5-year R&D plan aimed at improving its processes. CEO Gerald Easterling emphasizes the importance of these technologies and IP protection for future growth and revenue.
NaturalShrimp, Inc. (OTCQB: SHMP) provided a production update on its facilities in Iowa and Texas. In Iowa, the company has retrofitted 20% of its Webster City facility, aiming to increase weekly production to 18,000 pounds by Q2 2023. A hatchery is also being developed to manage postlarvae supply. In Texas, production was temporarily impacted by a fire but has since resumed, with expected weekly output reaching 6,000 pounds by Q1 2023. CEO Gerald Easterling indicated confidence in ramping up production and achieving cash flow positivity by Q4 2022.
NaturalShrimp, Inc. (SHMP) announces the successful implementation of its Hydrenesis Technology at Hanilu Farms in Indiana, enhancing water quality in aquaculture. This system, part of their patented Recirculating Aquaculture System, supports year-round production of barramundi, yielding over 900 kg of fish weekly. Positive trial results may lead to technology licensing opportunities for global finfish producers. CEO Gerald Easterling emphasizes the technology's potential to increase health and survival rates, creating avenues for expanded seafood markets.
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