From $SHMP Company:
“The Company continues to grow and
sell shrimp. In fact, through the end of our fiscal year, March 31, 2023, NaturalShrimp was able to generate just under $500,000 in gross revenues.
Additional capital raised after achieving our uplist to Nasdaq will enable the Company to finish the retrofits of the remaining three 50,000 sq. ft production facilities in Webster City. Once this
retrofit is completed and the facility fully
operational, our weekly production capacity, including both La Coste and Webster City is estimated to be 13,000 pounds of shrimp, generating over *$6,000,000* in projected annual
sales!!!
Building on the vision of our future, our
collaboration with Jefferson County on the Florida Project remains steadfast. Our focus on ecological sustainability perfectly aligns with the objectives of governmental and agricultural leaders who acknowledge the critical role of biosecurity in our food chains, an area where our Recirculating Aquaculture System technology can
make a significant impact. We envision the
upcoming Florida farm not merely as a production facility, but as a protein sustainability blueprint.
On a more positive note, Tom Untermeyer
recently landed in Japan to commence a trial sponsored by Niterra Co., Ltd (formerly known as NGK Spark Plugs USA, Inc.). The purpose of the trial is to determine, among other things, the
efficacy of the Company's technology in smaller, more localized shrimp-growing facilities to provide local communities with a supply of fresh natural shrimp and to help ensure food security for these communities. The Agreement with
Niterra further contemplates an ongoing joint venture relationship between the Company and Niterra and its subsidiaries to explore the use of our technologies with other aqua species including fin fish. The trial is for a period of six months with the results to be published soon thereafter. The additional benefit to the Company
from our new relationship with Niterra will be the joint development of additional enhancements to our technologies in real-world settings and, perhaps, the development of new technologies
and processes resulting from the synergies arising out of the joint engineering teams working together. The Company further anticipates that the contemplated joint venture with Niterra will
act as a springboard for additional international joint ventures and further commercialization of our technologies.”
See! “Fin Fish,” just Like I Wrote.
