Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 308

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1
Chunk 308
---
 in the Philippines and Indonesia.

First
Choice is a quality brand packed with Portunus Haanii crab meat from Vietnam and China.

Good
Stuff is a premium brand packed with high quality Callinectes species crab from Mexico.

Coastal
Pride Fresh is packed with Callinectes Sapidus from Venezuela and the United States.

Steelhead
salmon is produced by TOBC under the Little Cedar Falls brand. The fish are sashimi grade and only sold as a fresh item, usually reaching
end users within days of harvest.

Competitive
Strengths

Sustainable
and Traceable Product Sourcing. We believe that our greatest point of differentiation from other seafood companies is our efforts
to ensure that our seafood products are ethically sourced in a method that is consistent with our core values and those of our customers.

Proprietary
Brands. We have created several brands of crab meat that are well regarded amongst our customers and are differentiated by product
quality and price point.

Eco-Friendly
Packaging. Another major point of differentiation from our competitors is our use of sustainable and ethical packaging. Our green
pouches for Eco-Fresh crab meat are patented in the United States, Europe, Thailand, the Philippines and Indonesia under patent Nos.1526091
B1 and US Patents 8,337,922 and 8,445,046. We believe since their introduction in 2003, these pouches have saved in excess of a million
metric tons of carbon dioxide emissions versus metal can packaging material.

Growth
Strategy

We
intend to grow our business in several ways, including:

Growing
our existing businesses. The three existing businesses each have different pathways to organic growth, including increasing
reliable access to sustainably sourced marine products and supplying to a larger and more diversified customer base. Our primary objective is to optimize the management of each company, with
a specific focus on enhancing the performance and integration of the marketing, sourcing, and finance departments.

6

Strategic
Acquisitions. We will continue to seek opportunities to acquire companies that allow us to expand into new territories, diversify
our species product categories, and where operational synergies with our existing companies may exist. We believe there is an opportunity to integrate a sustainability model
into select traditionally operated companies, like ours, enabling margin growth through the introduction of premium, eco-conscious products.

Scaling
the RAS Business. We have an internal goal to reach production of 21,000 metric