NaturalShrimp Inc (SHMP)

[rt1127]

This is correct. It has been confirmed that both F&T and NS have been in discussion with major players in aquaculture. It is expected no deals will be finalized prior to the harvest results. Per F&T CEO Peter Letizia these companies range from aquaculture farmers, equipment providers to food suppliers. Nothing is a guarantee of course but I would say there is a good probability of something major happening.

Aquaculture mergers and acquisitions are on the rise. There were 127 deals in 2018 up from 117 in 2017 and 102 in 2016. The 4th quarter of 2018 saw 42 deals alone. In addition, financing appears to readily available:

"The borrowing environment is as good as it has been for a while for US seafood companies, for example, with lots of liquidity, low rates – under 5% a year – and other especially strong terms for five-year loans, the kind used to finance acquisitions in the industry, he told Undercurrent. Seafood company executives know this won’t last forever and they don’t want to miss their window, he said. If they plan to grow by acquisition, they can’t be assured that it will be as cheap to do so in two or three years."

Source: https://www.undercurrentnews.com/2019/01/07/nine-big-seafood-ma-moves-to-watch-for-in-2019/