Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 321

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1
Chunk 321
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 operations, business results, reputation, and the value of our brands.

An
interruption in the power, fuel, oxygen supply, water quality systems, or other critical infrastructure of an aquaculture facility for
more than a short period of time could lead to the loss of a large number of fish. A shutdown of or damage to our farm due to natural
disaster, shortages of key components to our operations due to a pandemic, reduction in water supply, contamination of our aquifers,
interruption in services, or human interference could require us to prematurely harvest some or all of the fish or could result in a
loss of our fish in production.

We
also are dependent on egg availability. If we had a disruption in our ability to purchase eggs, we would not be able to continue to stock
our farm. We cannot guarantee that any disruptions might not occur in the future, any of which could cause loss of salmon to sell, damage
to our reputation, loss of consumer confidence in our products and company, and lost revenues, all of which could have a material adverse
effect on our business results.

The
successful development of our TOBC business depends on TOBC’s ability to efficiently and cost-effectively produce and sell salmon
at large commercial scale.

Our
business plans depend on our ability to increase our production capacity through the development of larger farms. We have limited experience
constructing, ramping up, and managing such large, commercial-scale facilities, and we may not have anticipated all of the factors or
costs that could affect our production, harvest, sale, and delivery of salmon at such a scale. Our salmon may not perform as expected
when raised at very large commercial scale, we may encounter operational challenges, control deficiencies may surface, our vendors may
experience capacity constraints, or our production cost and timeline projections may prove to be inaccurate. Any of these could decrease
process efficiency, create delays, and increase our costs. We are also subject to volatility in market demand and prices, such as the
disruption of the salmon market including reduction in market prices for salmon.

14

In
addition, competitive pressures, customer volatility and the possible inability to secure established and ongoing customer partnerships
and contracts, may result in a lack of buyers for our fish. Customers of our fish may not wish to follow our terms and conditions of
sale, potentially resulting in a violation of labeling or disclosure laws, improper food handling, nonpayment for product, and similar
issues. The competitive