Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 877

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 2
Chunk 877
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.C. V9R 6W8 dated April 1, 2022 by and between TOBC and their Landlords
is a valid lease and remains in full force and effect. The Company cannot provide any assurance as to the timing of resolution or outcome
of this matter.

On
January 17, 2025, the Company, through TOBC, filed a lawsuit in the Supreme Court of British Columbia against Harold Steven Atkinson,
Janet Atkinson and Ben Atkinson (the “Defendants”) for breach of contract, tort of intentional interference with economic
relations, breach of confidentiality and non-compete, breach of trust, breach of fiduciary duty, defamation, breach of duty of honest
performance and good faith, and damages. The Company claims that Harold Steven Atkinson purposely hid the renewal process of the Fisheries
and Oceans Canada – Freshwater / Land-based Aquaculture License (the “License”) and placed the License in his personal
name when it should be in the name of TOBC. The License is required to operate the aquaculture farm, including the transfer of eggs and
fingerlings to its facilities. While the dispute of who controls the License is ongoing, management believes that the Company can continue
to operate as the licensed facility pertains to TOBC.

The
Company is waiting for the Defendants to respond and a court date to be granted. The Company cannot provide any assurance as to the timing
of resolution or outcome of this matter.

ITEM
4. MINE SAFETY DISCLOSURES

Not
applicable.

27

PART
II

ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market
Information

Our
common stock is quoted on the OTCBQ Venture Market (“OTCQB”) under the symbol “BSFC”.

The
last reported sales price of our common stock on the OTCQB on June 18, 2025, was $0.051.

Holders

As
of June 20, 2025, the Company had 68 stockholders of record.

Dividends

We
have not paid any dividends on our capital stock and do not anticipate paying any dividends in the foreseeable future. At present, our
policy is to retain earnings, if any, to develop and market our products and implement our business plan. The payment of dividends in
the future will depend upon,