Blue Star Foods Corp. RAS Division Announces Deep Bay, British Columbia as Location for Expansion of Land-Based Salmon Farm
November 08 2021 - 5:00AM
Blue Star Foods Corp., (NASDAQ:BSFC) (“Blue Star” or “BSFC”), an
integrated Environmental, Social, and Governance (ESG) seafood
company, today announced that its wholly owned Recirculatory
Aquaculture Systems (RAS) subsidiary, Taste of BC Aquafarms
(“TBC”), has identified Deep Bay, British Columbia as the location
for its planned larger-scale land-based steel-head salmon farm. TBC
has also agreed upon material terms of a 20-year land-lease
agreement for the Deep Bay property.
The land-lease agreement will be for a property
of approximately 20 acres, with an option to expand onto an
additional 10 acres. The property is within a designated
Agricultural Land Reserve within the Regional District of Nanaimo
which supports commercial aquaculture without additional re-zoning.
The site sits upon the highly productive Quadra Sediments litho
stratigraphic unit with an aquifer that produces high water volumes
of exceptional quality suitable for land-based salmon
production.
"Expansion facilities in British Columbia will
utilize renewable, low-cost hydro-electricity which aligns with our
core values of sustainable, low carbon emission seafood production.
The temperate rainforest climate of western British Columbia offers
a lot of suitable locations to support our aggressive expansion
plans, said Ben Atkinson, CEO of TBC. He further continued, “Our
strategy of replicated modular expansion allows us greater
flexibility in site selection in contrast to businesses that are
looking to build 10,000 MT facilities or larger. This first
property meets all of our criteria for the next phase of our
expansion. This will be the first location for our 1,500 MT
facility already in progress and will potentially support up to
4,500 MT annual production."
About Taste of BC Aquafarms
Inc.
Taste of BC Aquafarms Inc. is a family operated
company located in Nanaimo, British Columbia, Canada. Incorporated
in 2010, the company operates the oldest continuously operating
Recirculating Aquaculture System (RAS) full grow-out salmon farm in
North America. As pioneers in the RAS industry, Taste of BC has
proven their technology. Their “Little Cedar Falls” brand Steelhead
Salmon has been on the market since 2013, and now is known as a
premium land grown, sustainable Salmon. The Company is a member of
Ocean Wise. Its corporate website
is: www.littlecedarfalls.com
About Blue Star Foods
Corp.
Blue Star Foods Corp. is an integrated ESG
seafood company that processes, packages and sells high-value
seafood products. The Company believes it utilizes best-in-class
technology, in both resource sustainability management and
traceability, and ecological packaging. The Company also owns and
operates the oldest continuously operating Recirculating
Aquaculture System (RAS) full grow-out salmon farm in North
America. The company is based in Miami, Florida, and its corporate
website is: www.bluestarfoods.com.
Forward Looking Statements
The foregoing material may contain
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, each as amended. Forward-looking statements
include all statements that do not relate solely to historical or
current facts, including without limitation the Company’s proposed
development and commercial timelines, and can be identified by the
use of words such as “may,” “will,” “expect,” “project,”
“estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,”
“continue” or the negative versions of those words or other
comparable words. Forward-looking statements are not guarantees of
future actions or performance. These forward-looking statements,
including the potential listing of the Company’s common stock on
Nasdaq, are based on information currently available the Company
and its current plans or expectations and are subject to a number
of uncertainties and risks that could significantly affect current
plans. Risks concerning the Company’s business are described in
detail in the Company’s Annual Report on Form 10-K for the year
ended March 31, 2020 and other periodic and current reports filed
with the Securities and Exchange Commission. The Company is under
no obligation to, and expressly disclaims any such obligation to,
update or alter its forward-looking statements, whether as a result
of new information, future events or otherwise.
For more information, please
contact:
Brett Maas | Hayden IREmail:
brett@haydenir.comOffice: (646) 536-7331
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