Company: BSFC
Filing Date: 2025-02-10
Form Type: POS AM
Source: 0001493152-25-005479
Chunk: 78

Company: Blue Star Foods Corp.
Filing Date: 2025-02-10
Form: POS AM
Chunk 78
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 and other non-marine ingredients.

We believe that the faster life cycle from birth to harvesting of our salmon, as compared to conventional salmon, allows it to be produced more economically in contained, land-based RAS farms. Although RAS farms require greater capital investment than the sea cage approach, we believe that the higher costs are offset by more efficient growth and a shorter transportation distance to market.

On February 1, 2024, we
entered into a ninety-day Master Services Agreement (the “Services Agreement”) with Afritex Ventures, Inc. a Texas corporation
(“Afritex”), pursuant to which we will be responsible for all of Afritex’s operations and finance functions. We will
provide Afritex with working capital in order to sustain operations and will purchase certain inventory listed in the Services Agreement.
In consideration for our services, during the term of the Services Agreement, we will be entitled to all of the revenue and profits earned
by Afritex. The Company automatically extended the Services Agreement to August 31, 2024 after which it expired.

Branded Products

We distribute our imported blue and red swimming crabmeat in the United States under the brand names Blue Star, Pacifika, Oceanica, Crab & Go Premium Seafood, First Choice, Good Stuff and Coastal Pride Fresh and steelhead salmon and rainbow trout fingerlings produced by TOBC under the brand name Little Cedar Falls.

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Blue Staris packed with only high quality Portunus Pelagicus species crab and is produced under exacting specifications and quality control requirements.

Pacifikais a quality brand for the price conscious end user. The Portunus Haanii crab meat is packed in China and is ideal for upscale plate presentations.

Oceanicais made from the Portunus Haanii crab, which is caught and processed in Vietnam. It is an affordable choice to help reduce food cost without sacrificing the look/taste of dishes.

Crab + Go Premium Seafoodis geared towards millennials as part of the trend toward pre-packaged, grab-and-go items. The product is packaged in flexible foil pouches.

Lubkin Brandis packed with quality Portunus Pelagicus species crab in the Philippines and Indonesia.

First Choiceis a quality brand packed with Portunus Haanii crab meat from Malaysia.

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

Coastal Pride Freshis packed with Callinectes Sapidus from Venezuela and the United