NaturalShrimp Inc (SHMP)

[Toasted_oats]

William Delgado, Chief Financial Officer of NaturalShrimp, added, “We will be selling various sizes of shrimp to GSI at a price of $10.50 per pound. With this agreement in place, we are projecting sales for the December 2021 quarter of between $300,000 to $500,000. As sales and customers begin to ramp, we expect to be cash flow positive from sales and licensing agreements somewhere between the first and second quarters of calendar 2022.We are eager to enter the commercialization phase of our company and continue to build long-term value for our shareholders.

GSI is a Florida corporation formed in 2013 that specializes in the production, packaging, and distribution of live wild caught shrimp with extensive knowledge and experience in the U.S. live shrimp market.

Under the terms of the agreement, upon successful demonstration of the trial agreement, GSI will potentially commit to a long-term distribution agreement for 2022 production of live shrimp. GSI has developed a proven method of keeping shrimp alive during shipping without the need for adding water to the package. Minimum pricing for shrimp delivered will not be less than $10.50 per pound FOB. GSI will assist in procurement and set up of ancillary materials including necessary equipment and facilities, logistical support, staff training and packaging necessary for shipment of live shrimp. Here is the OUT!