NaturalShrimp Could Be “Cash Flow Positive” By Q4


Talk with the host of The Stock Day podcast Everett Jolly this week, Gerald Easterling, CEO of the company – which has production facilities near San Antonio, Texas and Webster City, Iowa – was very optimistic about their prospects after a few difficult years, which included the destruction of their production facility. original in a fire in March 2020.

Between 2020 and 2021 “we’ve gone from $3 million to $21 million in assets, which is phenomenal,” Easterling said.

“One of the commitments that Bill Williams and I had was to bring our NaturalShrimp shareholders into our public company,” Easterling said. “It was a convoluted and crazy process, but it happened, we did it.”

Jolly then asked about the company’s partnership with Gulf Seafood, which has a unique technology that allows live shrimp to be transported safely without the need for water – a packaging technology that has taken 10 years to mature. develop.

“This is an incredible opportunity for the company and its shareholders as it gives us a huge market which is virtually untapped and we can provide a steady supply of live shrimp, primarily to [US] Asian markets first,” Easterling said. “Gulf Seafood, Inc. can meet all of our production needs for 2022.”

Easterling mentioned plans to develop new production facilities in Florida, as well as a site between the California border and Los Vegas.

“We want to locate it as close to the California border as possible because the West Coast has a huge Asian market and a high demand for live seafood, especially shrimp,” he explained.

In terms of shrimp production, Easterling explained the challenges of Covid-19 at its production facilities, as well as the difficulties of shipping live shrimp.

“Last quarter, we announced that we were going to ship 25,000 books in the last quarter, but that didn’t happen. It didn’t happen for several reasons. Obviously, it was more complex to ‘to enter the live shrimp market, for setting up the packaging, for setting up the cooling lines, for setting up the whole procedure and training the people.’

He also pointed out that the company’s hatcheries and production facilities have been “impacted by Covid”, leading to delays and cancellations of post-larvae (PL) deliveries, which has delayed them by six months by compared to their previous goal.

“In the next few weeks we will do our first test with live shrimp from Lacoste,” Easterling said. “We are moving forward,” he added. “It’s going to take us all year to get Webster City into full production… [but] the beauty of the whole program is that the profit margins are much higher for us, which can put us in a positive cash position by the fourth quarter.”

The conversation then turned to the company’s progress with the international licensing of its patent-pending electrocoagulation (EC) technology, which is designed to reduce nitrite levels in aquaculture systems. in recirculation (RAS) as an alternative to biofilters.

“Currently we have several companies, both salmon and shrimp, that have approached us to work with us on international licensing,” Easterling said, adding that licensing is currently in progress.

He noted that work on the salmon was dependent on the results of 5-month trials currently underway at Marineholmen RASLab in Bergen.

Easterling ended by saying that the company’s plans to raise the NASDAQ will happen before April 15.

Aquaculture is an increasingly important source of safe, nutritious and sustainable seafood for people around the world. Globally, aquaculture production must double by 2030 to keep pace with demand. These increases in demand for aquaculture products, food security considerations and job creation have generated an increased need for skilled workers.

Find out how you can be part of this growing industry.


Comments are closed.