Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 324

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1
Chunk 324
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pose significant restrictions on our operations. If we raise funds through collaborations and licensing arrangements, we might be required
to relinquish significant rights or grant licenses on terms that are not favorable to us.

Risks
Related to Administrative, Organizational and Commercial Operations and Growth

We
may be unable to manage our future growth effectively, which could make it difficult to execute our business strategy.

We
anticipate growth in our business operations. This future growth could create a strain on our organizational, administrative and operational
infrastructure, including manufacturing operations, quality control, technical support and customer service, sales force management and
general and financial administration. Our ability to manage our growth properly will require us to continue to improve our operational,
financial and management controls, as well as our reporting systems and procedures. If we are unable to manage our growth effectively,
we may be unable to execute our business plan, which could have a material adverse effect on our business and our results of operations.

16

If
we are unable to support demand for our current and our future products, including ensuring that we have adequate resources to meet increased
demand and mitigate any supply chain delays our business could be harmed.

As
our commercial operations and sales volume grow, we will need to continue to increase our workflow capacity for processing, customer
service, billing and general process improvements and expand our internal quality assurance program, and mitigate any supply chain delays
we could have with our vendors, among other things. We may also need to purchase additional equipment and increase our manufacturing,
maintenance, software and computing capacity to meet increased demand. We cannot assure you that any of these increases in scale, expansion
of personnel, purchase of equipment or process enhancements will be successfully implemented.

The
loss of our Executive Chairman and Chief Executive Officer or our inability to attract and retain highly skilled officers and key personnel
could negatively impact our business.

Our
success depends on the skills, experience and performance of John Keeler, our Executive Chairman and Chief Executive Officer. The individual
and collective efforts of such individual will be important as we continue to develop and expand our commercial activities. The loss
or incapacity of Mr. Keeler could negatively impact our operations if we experience difficulties in hiring qualified successors. Qualified
employees periodically are in great demand and may be unavailable in the time frame required to satisfy our customers’ requirements.
Expansion of our business could require us to employ additional personnel. There can be no assurance that we will be able to attract
and retain sufficient numbers of skilled employees in the future. The