Markets for Spot Prawn are strong, but only supplied by the wild fishery for three months per year. After four years of research to domesticate this new aquaculture species, the company will establish its first land based farm consisting of hatchery, nursery tanks and growout ponds in late 2000. Facilities will be state of the art with use of recirculation technology to the maximum extent possible. A series of common share offerings is planned throughout 2000 and 2001. The combination of RRSP and Provincial tax credits offer an attractive investment, for qualifying investors.
Aquaculture is seen as a critical component in the diversification of the Vancouver Island economy.
Improvement in the market mix of high value BC seafood products is a priority for The Cultured Crustacean Company. Interested parties are asked to contact the company in order review their status as a potential investor, and to obtain offering documents to allow their review of risk associated with a development of this type.