NaturalShrimp Inc (OTCMKTS: SHMP) is breaking out northbound since the Company announced a partnership with US Foods, South Texas area, with an exclusive grow out program for their customers in Austin, Houston, and San Antonio. US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. With 70 broadline locations and more than 80 cash and carry stores, US Foods and its 28,000 associates provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology, and business solutions.
Earlier this year NaturalShrimp filed an application to uplist from the OTCQB to the NASDAQ. The Company continues to work to complete all the necessary steps to successfully meet the requirements for listing on the NASDAQ and management correctly believes acceptance will help elevate the Company’s public profile, expand its shareholder base, improve liquidity and enhance shareholder value. NaturalShrimp has built the largest U.S. shrimp indoor Recirculating Aquaculture System using the Company’s patented platform technologies and has worked to test and independently validate these technologies to support potential joint venture and licensing opportunities.
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NaturalShrimp Inc (OTCMKTS: SHMP) mission to produce fresh, land-based gourmet-grade shrimp without the use of antibiotics, probiotics or toxic chemicals continues to build momentum. The Company boasts increasing production and sales, new developments for its Hydrogas and Electrocoagulation technologies’ independent trials, and rising interest from the investment community. SHMP is headquartered in Dallas, with production facilities located near San Antonio, Texas and Webster City, Iowa. The Company has developed the first commercially viable system for growing shrimp in enclosed, salt-water systems, using patented technology to produce fresh, never frozen, naturally grown shrimp, without the use of antibiotics or toxic chemicals. NaturalShrimp systems can be located anywhere in the world to produce gourmet-grade Pacific white shrimp.
Natural Aquatic Systems is a majority owned NSI company established in 2017 to address the growing requirement for our indoor shrimp farming capabilities for all aquatic species. In 2017, the aquatic based protein global marketplace was in excess of $175 billion. The United States is a minor aquaculture producer, ranked 16th in 2016, but it is the leading global importer of aquatic protein. By value, nearly 90 percent of the seafood we eat comes from abroad, over half of it from aquaculture. These overseas companies are government subsidized, have low labor costs, and a reduced regulatory oversight. Because of these low cost imports, the U.S. seafood trade deﬁcit (East Asia only) has grown to $14 billion in 2016. That ideal solution for the US market is an offering that is environmentally sustainable, food safe, can be located anywhere, and is not hindered by existing super intensive production technologies and razor thin margins.
SHMP has ramped its sales and has significantly increased its distribution footprint in Illinois and Texas and is driving an average margin above 40%. The live haul market certainly delivers very high return, and its customers support the Company’s strategy. SHMP is focused on key regional markets and the demand is strong. SHMP current Company projections foresee reaching $1million in cumulative sales by end of 2022.
The Company is committed to establishing a NaturalShrimp Outlet and has identified a location of interest in the Dallas Fort Worth area. The outlet will enable it to receive and process its product for packaging and preparing shrimp for online ordering and home delivery program. The Company is currently testing packaging of heads on fresh, frozen, and cooked shrimp. We are pleased to announce that Chef Douwe Iedema will be heading up our NaturalShrimp Outlet along with offering his unique NaturalShrimp sauces and spices. In addition, NaturalShrimp Outlet would make it possible for the Company to process thousands of pounds of shrimp not only for the home, but as a distribution hub for pickup and delivery to local chefs, as well as in-person purchasing and pick up to the general public.
$SHMP an #OTC food source company just signed with @USFoods to distribute their product. Show me more real than that!! This once ran to just under $1 well before a contract could be imagined… what will happen now 💪🏽 https://t.co/AhIZjyz4Zz
— John Milner Stocks (@RiberaoPrego) September 28, 2022
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On September 28 SHMP announced a partnership with US Foods, South Texas area, with an exclusive grow out program for their customers in Austin, Houston, and San Antonio. US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. With 70 broadline locations and more than 80 cash and carry stores, US Foods and its 28,000 associates provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology, and business solutions.
NaturalShrimp has also been invited to attend, as well as be a featured exhibitor at the upcoming US Foods Immersion show in Austin on October 12th.
“We are very excited to build this channel-specific program for a leading national distributor,” said Marco van den Berg, VP of Sales and Marketing. “This is in line with our strategy to deliver our quality product to restaurants inside a 300 mile radius, within 8 hours from harvest at our production facility in La Coste. There has been continuous growing support for local producers, with top tier customers looking to differentiate their product offering from the rest of the industry. Shrimp still enjoys the top spot when you look at the latest seafood per capita consumption data, and consumers are now ready to pay a premium for a fresh, naturally grown Texas product.
“Brian Rashid, our Regional Sales Manager, is working with our live program in San Antonio and expansion of this program to Austin and will be our point of contact with U.S. Foods. Since joining in August, Brian has been delivering consistent quality product and benchmark service to our customers across multiple sales channels as we continue with our growth strategy,” concluded Van Den Berg.
Tom Untermeyer, Chief Technology Officer, added “The Hydrogas technology allowed us to maintain the health of the shrimp in the La Coste, TX production facility immediately after the July fire prior to installing our emergency backup electrocoagulation equipment. Consequently, we are now able to start supplying US Foods weekly with our fresh shrimp from our Texas location as we continue to ramp up production and believe the prove out of our Hydrogas technology was instrumental in helping to secure this agreement.”
— Randylus (@randylus) September 28, 2022
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Currently trading at a $62 million market valuation SHMP OS is 751,385,454 with a float of 603,246,338 shares. SHMP is an exciting story developing in small caps; NaturalShrimp is the leader in fresh, sushi grade shrimp utilizing its patented, commercially-operational RAS (Recirculating Aquaculture System). Shrimp is the single most consumed seafood in the world, with nine billion pounds eaten annually worth over $4 billion. Microcapdaily has been reporting on SHMP since 2018 and we covered the run it made in early 2020 to well over $0.90 per share. NSI is fully funded moving forward with a credit line exceeding $17 million. The Company is in expansion mode and is focused on up-listing its stock to the NASDAQ recently filing its initial listing application with the exchange. Microcapdialy was reporting on SHMP when it was under $0.03. We will be updating on SHMP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SHMP.
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Disclosure: we hold no position in SHMP either long or short and we have not been compensated for this article.