2023-03-29 09:01:56 ET
- NaturalShrimp ( OTCQB:SHMP ) has entered into a year-long agreement with Homegrown Shrimp USA, for the purchase of post-larvae shrimp for stocking in the Co.’s Webster City, Iowa and La Coste, Texas facilities.
- The agreement provides for the delivery of up to 2M PLs per month for a term of twelve months.
- "This agreement will solve one of the supply-chain issues we encountered previously where the lack of PLs significantly impacted our ability to produce the quantities of NaturalShrimp that our customers demand.” said Gerald Easterling, CEO of NaturalShrimp.
- The Co. also intends to develop its own hatchery using broodstock incorporating Homegrown’s genetic line in order to secure the Co.’s own readily available supply of fast-growing, high quality PLs.
For further details see:
NaturalShrimp announces agreement for the purchase of post-larvae shrimp