Blue Star Foods Corp

Blue Star Foods Corp. is an international sustainable marine protein company, which imports, packages and sells refrigerated pasteurized crab meat, and other premium seafood products. The company’s current source of revenue is importing blue and red swimming crab meat primarily from Indonesia, Philippines and China and distributing it in the United States and Canada under several brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh, and steelhead salmon produced under the brand name Little Cedar Farms for distribution in Canada. Blue Star Foods was founded by John Keeler on May 15, 1995 and is headquartered in Miami, FL.

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Blue Star Foods Corp. is an international seafood company, which processes, imports, packages, and sells refrigerated seafood products. It offers pasteurized crab meat and other seafood products under the Blue Star, Pacifika, Oceanica, Crab and Go Premium Seafood, Lubkin, First Choice, Good Stuff, and Coastal Pride Fresh brands. The company was founded by John Keeler on May 15, 1995 and is headquartered in Miami, FL.

Miami, FL, April 17, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced it has secured additional funding to help meet increased demand under its previously announced Master Service Agreement as well as increase the volume in its soft shell crab operations.

Blue Star Foods Secures Additional Non-Dilutive Growth Capital to Support Expansion of Business Under Existing Master Service Agreement & Soft Shell Crab Operations

Initial Launch Expected to Roll Out to Numerous Military Bases Over the Next Few Months Miami, FL, April 10, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), a leader in value-added meal solutions and an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is profoundly honored to announce the successful execution of a supply agreement to provide manufacturing of Eagle Rising specified innovative food solutions for the U.S. Military under the support of our recently established Master Service Agreement (MSA). This pivotal agreement facilitates the provision of premium products distributed under the renowned Eagle Rising Brand, a Service-Disabled Veteran-Owned Small Business (SDVOSB), directly supporting the brave men and women serving in the United States military.

Blue Star Foods Signs Agreement with Eagle Rising to Provide High-Quality, Nutritious Meals for U.S. Military

Production and Distribution from its Facility in South Carolina Miami, FL, March 25, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced that its soft-shell operations in South Carolina have started production for the 2024 season under its existing license from the South Carolina Department of Natural Resources. John Keeler, Chairman and CEO of Blue Star Foods, commented, “We are excited to begin production for the 2024 soft-shell crab season.

Blue Star Foods Starts its Soft-Shell Crab Season

Miami, FL, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce its signing of a Master Service Agreement with a vertically integrated seafood value added provider.

Blue Star Foods Executes Transformational Master Service Agreement to Generate an Expected $20 Million Additional Revenue in 2024

Significant Upgrade from Previous Rating Miami, FL, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce that it has been awarded a Green Rating in its latest EcoVadis scorecard. EcoVadis is the world's largest and most trusted provider of business sustainability ratings.

Blue Star Foods Attains Green Rating in Latest EcoVadis Scorecard

Evaluating Several Strategic Acquisitive and Organic Growth Opportunities Miami, FL, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to provide a Shareholder Update, from its Chairman and Chief Executive Officer John Keeler. To the Shareholders of Blue Star Foods Corp.: I write to you today with gratitude, pride and excitement.

Blue Star Foods Provides Shareholder Update

Blue Star Foods (NASDAQ: BSFC ) stock is climbing higher on Monday after the company revealed details for its upcoming annual shareholder meeting. The big news here is the company's meeting will be taking place on Dec. 27, 2023.

Why Is Blue Star Foods (BSFC) Stock Up 39% Today?

Miami, FL, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), announced a recently signed a 2-year bid award purchase agreement with Sysco Corporation. The Bid Award Purchase Agreement is effective starting immediately, and is for purchase of Blue Star's award-winning brands, such as Blue Star, Pacifika and Good Stuff.

Blue Star Foods Signed 2-Year Bid Award Purchase Agreement with Sysco Corporation

Miami, FL, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp ., (“ Blue Star , ” the “ Company,” “we,” “our” or “us”) ( N ASDAQ : BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce that it has allocated $2,573,142 from its [recently closed equity raise on september 7th ] to repay and terminate the largest of the three Convertible Notes outstanding to The Lind Partners to reduce total debt and improve the Company's balance as it positions itself for future growth initiatives.

Blue Star Foods Repays Convertible Note

Miami, FL, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC), today announced the closing of its previously announced public offering of an aggregate of 10,741,139 shares of its common stock (or common stock equivalents), together with accompanying common stock warrants, at a public offering price of $0.4655 per share (or common stock equivalent) and accompanying warrants. Each share of common stock (or common stock equivalent) was offered in the offering together with a Series A-1 warrant to purchase one share of common stock at an exercise price of $0.4655 per share and a Series A-2 warrant to purchase one share of common stock at an exercise price of $0.4655 per share. The Series A-1 warrants will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares issuable upon exercise of the warrants and will expire five years thereafter, and the Series A-2 warrants will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares issuable upon exercise of the warrants and will expire eighteen months thereafter. Total gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses, were approximately $5 million.

Blue Star Foods Announces Closing of $5 Million Public Offering

Miami, FL, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC), today announced the pricing of its public offering of an aggregate of 10,741,139 shares of its common stock (or common stock equivalents), together with accompanying common stock warrants, at a public offering price of $0.4655 per share (or common stock equivalent) and accompanying warrants. Each share of common stock (or common stock equivalent) is being offered in the offering together with a Series A-1 warrant to purchase one share of common stock at an exercise price of $0.4655 per share and a Series A-2 warrant to purchase one share of common stock at an exercise price of $0.4655 per share. The Series A-1 warrants will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares issuable upon exercise of the warrants and will expire five years thereafter, and the Series A-2 warrants will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares issuable upon exercise of the warrants and will expire eighteen months thereafter. Total gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses, are expected to be approximately $5 million.

Blue Star Foods Announces Pricing of $5 Million Public Offering

Extended Through June 2024 Miami, FL, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp.

Blue Star Foods Awarded License Renewal for Soft-Shell Crab Operations in South Carolina

Reduction in Operating Expenses Led to Decrease in Operating Loss Miami, FL, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (“ESG”) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (“RAS”), announced unaudited financial and operational results for the three and six months ended June 30, 2023. Key Financial Highlights for the Three Months Ended June 3 0 , 202 3 Revenue of $1.7 million RAS revenues increased to $0.5 million Gross profit of $0.1 million Operating loss of $1.1 million Net loss of $1.5 million (included $0.4 million of non-cash loss on settlement of stock, amortization of debt note and one-time non-recurring expenses) Adjusted EBITDA loss of $0.7 million Inventory and RAS biomass of $3.2 million at June 30, 2023 Key Financial Highlights for the Six Months Ended June 30, 2023 Revenue of $3.6 million RAS revenues increased to $1.1 million Gross profit of $0.4 million Operating loss of $2.0 million Net loss of $3.4 million (included $1.5 million of non-cash loss on settlement of stock, amortization of debt note and one-time non-recurring expenses) Adjusted EBITDA loss of $0.5 million Business Highlights for the Three Months Ended June 3 0 , 202 3 Regained compliance with NASDAQ minimum bid price requirement Granted option to purchase land for RAS expansion in South Carolina Strengthened balance sheet by paying off $5 million asset based line of credit to zero Entered into a supply agreement for $1 million annually with Bloomin' Brands Included in two most prominent sustainability reporting standards Ramped shipments to Just Food For Dogs under its supply agreement for up to $4 million annually Management Commentary John Keeler, Chairman and CEO of Blue Star, commented, “While our first half of 2023 revenue performance was not as high as expected, we have taken necessary steps to reduce our cash burn and improve the liabilities portion of our balance sheet.

Blue Star Foods Reports $3.5 Million Revenue for First Half 2023 Ended June 30, 2023

Miami, FL, July 13, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp ., (“ Blue Star , ” the “ Company,” “we,” “our” or “us”) ( N ASDAQ : BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced that it has received a formal notice from The Nasdaq Stock Market (“Nasdaq”) stating that Blue Star Foods has regained compliance with the $1.00 per share minimum bid price requirement pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”), and granted extension requested for the equity requirement in listing rule 5550 (b)(1) (the “Equity Rule”). The Company is in compliance with all other applicable listing standards.

Blue Star Foods Regains Compliance with NASDAQ Minimum Bid Price Requirement

Miami, FL, June 30, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp ., (“ Blue Star , ” the “ Company,” “we,” “our” or “us”) ( N ASDAQ : BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced it has officially received an option from Beaufort County, South Carolina to purchase land for its RAS expansion.

Blue Star Foods Granted Option to Purchase Land for RAS Expansion in South Carolina

Miami, FL, June 22, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp ., (“ Blue Star , ” the “ Company,” “we,” “our” or “us”) ( N ASDAQ : BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce it has paid off its $5 million asset based line of credit to a zero balance.

Blue Star Foods Strengthens Balance Sheet by Paying Off its $5 Million Asset Based Line of Credit to Zero Balance

Miami, Florida, June 20, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp. (NASDAQ:BSFC) (“Blue Star” or the “Company”), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), announced today it will effectuate a 1-for-20 reverse stock split of its outstanding common stock (the “Reverse Stock Split”). This will be effective for trading purposes as of the commencement of trading on June 21, 2023.

Blue Star Foods Corp. Announces Reverse Stock Split

Supply ing Pasteurized Crab Meat for its Outback Steak h ouse

Blue Star Foods Signs $1 Million Supply Agreement with Bloomin' Brands

Miami, FL, May 23, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSF C ), an integrated Environmental, Social, and Governance (“ESG”) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (“RAS”), announced unaudited financial and operational results for the three months ended March 31, 2023.

Blue Star Foods Reports $1.9 Million Revenue for First Quarter Ended March 31, 2023

Miami, FL, May 08, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp ., (“ Blue Star , ” the “ Company,” “we,” “our” or “us”) ( N ASDAQ : BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce that its 2022 ESG report has been included on both SASB Standards and Global Reporting Initiative (GRI) databases, which are two of the most prominent sustainability reporting standards.

Blue Star Foods' 2022 ESG Report Included in Two Most Prominent Sustainability Reporting Standards

New Category Relationship Progressing as Expected Miami, FL, April 26, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp ., (“ Blue Star , ” the “ Company,” “we,” “our” or “us”) ( N ASDAQ : BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce it has ramped its shipments to Just Food For Dogs, under the initial 2023 contract for up to approximately $4 million revenue to Blue Star.

Blue Star Foods Ramps Shipments to Just Food For Dogs Under its Supply Agreement for Up to $4 Million Annually

Miami, FL, April 03, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp ., (“ Blue Star , ” the “ Company,” “we,” “our” or “us”) ( N ASDAQ : BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce preliminary unaudited fourth quarter and full year 2022 revenue growth of 22% to approximately $2.0 million and 20% to approximately $12.0 million, respectively. Blue Star expects to file its annual report on Form 10-K by April 17, 2023, within the timing of the extension it filed last week.

Blue Star Foods Reports Preliminary Unaudited Full Year 2022 Growth of 20% to Approximately $12.0 Million Revenue

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