NATURALSHRIMP INC - SHMP STOCK NEWS

NaturalShrimp plans to collaborate with state and local officials to open a new processing plant in Webster City, Iowa. A preview event is scheduled for March 23, 2021, to discuss the stocking of hatchery shrimp and plant development. CEO Gerald Easterling highlighted the potential for this processing facility to create around 50 jobs and generate substantial revenue. CFO William Delgado mentioned their ongoing facility expansion and equipment installation, projecting increased shrimp deliveries to the upper Midwest. An S-3 filing aims to settle debts and fund a $10 million expansion in Texas, effectively tripling production capacity.

NaturalShrimp, Inc. (OTCQB:SHMP) has filed a primary shelf registration statement on Form S-3, aiming to sell up to $100 million in securities. The completion of any offerings is contingent upon SEC approval, market conditions, and other factors. If approved, securities will be sold through a written prospectus. The company emphasizes that this press release does not constitute an offer to sell or solicit offers to buy securities.

Additionally, the release includes forward-looking statements about the company’s growth strategy, noting potential risks and uncertainties affecting future results.

NaturalShrimp, Inc. (OTCQB: SHMP) is increasing production at its Texas and Iowa shrimp facilities after passing a successful inspection by the Texas Parks and Wildlife Department. Regular stocking of postlarvae shrimp will begin on March 3, enabling year-round weekly production. The company has completed the construction of 40 growout tanks in Texas ahead of schedule. In Iowa, they are converting existing facilities to implement their patented filtration systems, with the first stocking anticipated by March 24. NaturalShrimp utilizes an innovative RAS for antibiotic-free shrimp production.

NaturalShrimp, Inc. (OTCQB: SHMP) announced a recent successful inspection from the Texas Parks and Wildlife Department at its La Coste, Texas facility. The inspector reported that the shrimp were healthy, showcasing full guts and no signs of various health issues, including emaciation and deformities. This routine inspection confirms the viability of NaturalShrimp's patented Recirculating Aquaculture System for producing gourmet-grade Pacific white shrimp without antibiotics or toxic chemicals. The company aims to execute its global growth strategy, despite inherent risks in the aquaculture industry.

NaturalShrimp has signed a Letter of Intent (LOI) to acquire the aquaculture assets of Hydrenesis Aquaculture for $12.5 million, comprising $5.5 million in cash and the rest in NSI common stock. The acquisition is predicted to be accretive to earnings in fiscal year 2021. Both companies have collaborated since 2018, focusing on innovative solutions for disease control in the aquaculture sector, which includes salmon and tilapia farming. The deployment of Hydrenesis technology aims to enhance water quality and overall shrimp growth.

NaturalShrimp, Inc. (OTCQB:SHMP) appointed Peter Najarian to its advisory board, enhancing its leadership during a critical growth phase. CEO Gerald Easterling emphasized Najarian's extensive expertise in capital markets, expecting his strategic input to influence upcoming launches in La Coste and Iowa. CFO William Delgado noted the potential for insights on macro-economic trends as the company expands operations. Najarian, co-founder of market firms optionMONSTER and tradeMONSTER, brings a robust trading background, aiming to bolster NaturalShrimp's mission of eco-friendly shrimp production.

NaturalShrimp (OTCQB:SHMP) announces the appointment of Pete Najarian to its advisory board, a move aimed at enhancing strategic guidance as the company expands its operations. CEO Gerald Easterling highlighted Najarian's extensive experience in capital markets as invaluable during this pivotal period. Najarian, a recognized business figure and co-founder of optionMONSTER, expressed his enthusiasm about contributing to the company's growth in the seafood industry. NaturalShrimp aims to become a leading player in the consumer staples sector with innovative, ecologically controlled shrimp production.

NaturalShrimp, Inc. (OTCQB:SHMP) celebrated the ribbon cutting of its new facility in Webster City, Iowa, which will be the largest RAS shrimp company in the U.S. The facility will produce fresh, locally-grown shrimp, targeting markets in Chicago and Minneapolis. CEO Gerald Easterling noted that the proprietary technology used at the plant enhances water quality control and eliminates the need for wastewater disposal. Installation of RAS units is expected to be completed within 60 days, with significant production anticipated starting in February 2021.

NaturalShrimp, Inc. (OTCQB: SHMP) has signed a Letter of Intent with Ecoponex Systems International to establish a joint venture combining shrimp aquaculture technology and Renewable Energy Efficient Farm (REEF) technology. Ecoponex will provide funding and proprietary technology for food production facilities. NaturalShrimp will license its shrimp growing technology and water treatment systems. The joint venture aims for a closing date in Q1 2021. This partnership is expected to enhance environmental benefits and operational efficiency in urban agriculture.