September 21, 2023


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Blue Star Foods Corp. Indicators Expression Sheet to Acquire Style of BC Aquafarms, Inc. | Cash

Acquisition Would Signify a Strategic Expenditure into theRecirculating Aquaculture Systems (RAS)Business

Miami, Florida, Dec. 28, 2020 (Globe NEWSWIRE) — Blue Star Food items Corp., (OTC: BSFC) (“Blue Star”), a sustainable seafood firm, introduced right now that it has signed a time period sheet to receive Flavor of BC Aquafarms, Inc. (“Taste of BC Aquafarms”), a household-owned and operated land-based mostly Recirculating Aquaculture Systems (RAS) salmon farming procedure, dependent in Nanaimo, British Columbia, Canada, matter to sure closing ailments.

“We believe land-based salmon farming can be aspect of the option of therapeutic our surroundings and will meet up with the gap in between the escalating world wide demand of salmon and a supply that is confined by its environmental affect, as very well as geographical and governmental constraints,” claimed the Company’s Chairman and CEO, John Keeler. Mr. Keeler added, “We are pretty thrilled to associate with the Atkinson relatives, the founders and operators of Style of BC Aquafarms, who have been pioneers in RAS farming due to the fact 2010. They’ve designed a established and scalable model and we are energized to strategically fund their up coming stage of development and use our profits platform to market place their delectable, sashimi-grade, Steelhead Salmon.”

“We are delighted to be signing up for Blue Star Food items by way of this acquisition. From the commencing, I preferred to make a RAS design that we could conveniently replicate in multiple locations, with predictable results, and depart a legacy of a new Marketplace of land-based mostly salmon generation in British Columbia and over and above,” claimed Steve Atkinson, President of Flavor of BC Aquafarms. He extra, “We took a distinct method than others in acquiring RAS for salmon generation. Very first, we needed to create a confirmed, profitable lifestyle procedure, and now we are wanting to deploy this process in multiples. Our modular style approach works and is very scalable. I see no rationale why the RAS Salmon output in BC can not likely exceed 100,000 metric tons once-a-year manufacturing in the future two a long time. Along with Blue Star, we intend to be leaders in this new business.”