NaturalShrimp Inc (OTCMKTS: SHMP) NSI is a biotechnology company that has developed proprietary platform technologies that allow it to grow Pacific White shrimp (Litopenaeus vannamei, formerly Penaeus vannamei) in an ecologically controlled, high-density, low-cost environment, and in fully contained and independent production facilities. NSI system’s use technology which allows it to produce a naturally grown shrimp “crop” weekly and accomplishes this without the use of antibiotics or toxic chemicals. NSI has developed several proprietary technology assets, including a knowledge base that allows it to produce commercial quantities of shrimp in a closed system with a computer monitoring system that automates, monitors, and maintains proper levels of oxygen, salinity, and temperature for optimal shrimp production. The Company’s production facilities are located in La Coste, Texas and Webster City, Iowa. 

NaturalShrimp replaced the 33,000 square foot Pilot Plant building located on 37 acres in La Coste. TX outside of San Antonio, TX that was destroyed by fire in March of 2020 with a new 40,000 square foot fully operational shrimp production facility. The La Coste, TX shrimp production facility contains twenty 2,000-gallon nursery tanks, forty 20,000-gallon growout tanks, two 10,000-gallon settling tanks, and one 20,000-gallon harvest tank for a total tank volume capacity of 880,000 gallons. In addition, NaturalShrimp converted an existing 8,000 square foot structure to serve as a water treatment plant for the new shrimp production facility. 

NaturalShrimp also acquired the assets of a previous Barramundi indoor recirculating fish farm located in Iowa. This included the real property, equipment, tanks, rolling stock, inventory, permits, customer lists, contracts, and other such assets used in the operation of the business. These facilities provide 2,700,000 gallons of recirculating capacity and approximately 344,000 square feet. 

NSI also has a subsidiary Natural Aquatic Systems which is focused on warm water finfish and crustaceans e.g., salmon, barramundi, abalone, trout, and yellowtail kingfish. Natural Aquatic Systems is approaching this industry in three parallel phases that include testing, pilot, and commercial. 

NSI recently gave an update on its partnership with US Foods, South Texas area, including an exclusive grow out program for their customers in Austin, Houston, and San Antonio. US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. With 70 broadline locations and more than 80 cash and carry stores, US Foods and its 28,000 associates provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology, and business solutions. The Company recently commenced deliveries of fresh shrimp to customers of US Foods, Southern Texas division, as part of a strategic program to educate and build interest in the product. Weekly deliveries and route cycles have been finalized and are supported with training, education, and marketing collateral. 

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In October NSI and Yotta Acquisition Corporation (NASDAQ: YOTA) a special purpose acquisition company, today announced the signing of a definitive agreement for a proposed merger of the two companies. Under the Business Combination Agreement, NaturalShrimp will merge with a wholly owned subsidiary of Yotta. The companies intend for Yotta’s common stock to continue to be listed on the Nasdaq Capital Market. Assuming no redemptions by Yotta public stockholders, upon closing, the combined entity could have access to as much as $105 million in net cash (after paying transaction expenses) from the Yotta trust account. Yotta Acquisition Corp. will issue 17.5 million of its common shares (current valuation of $175.0 million) to the stockholders of NaturalShrimp. In addition, the stockholders of Natural Shrimp are entitled to receive an additional 5.0 million common shares (current valuation of $50.0 million) based on achieving certain revenue targets for 2024 and 5 million common shares (current valuation of $50 million) for revenue targets for 2025. In January the business combination was extended too April 22, 2023. 

On February 15 NSI announced the beginning of a prawn farm wastewater trial in Mackay, Australia. The study is funded by the Fisheries Research and Development Corporation (FRDC) and the Australian Prawn Farmers Association. This collaborative effort between NaturalShrimp, its wholly owned subsidiary Natural Aquatic Systems, industry, suppliers and the FRDC aims to evaluate the Company’s patented electrocoagulation (EC) technology for the coagulation of microalgae and reduction of total nitrogen in wastewater. 

The reduction of total nitrogenous output in the pond culture of prawns remains a challenge for the Australian prawn industry. In response to this, a project has been initiated to investigate the use of EC technology to remove microalgae and total nitrogen from settlement pond discharge. The project is being conducted by Nautilus Collaboration, Natural Aquatic Systems, and Fresh By Design. EC has been proven to be an effective method for wastewater treatment and is highly favored over chemical coagulation because it does not require additional chemicals. 

Tom Untermeyer, Chief Technology Officer of NaturalShrimp, stated, “With our success utilizing EC technology with shrimp, we are excited to study its use with prawns with this trial program. It not only offers a solution but also provides an opportunity to test new sensors and remote access in a rugged outdoor realistic setting for use in our next generation EC systems. We believe a successful test will lead to licensing opportunities of our technology for the treatment of aquaculture wastewater worldwide and look forward to sharing trial results in the months ahead.” 

$SHMP up 11.98% at $0.057 (Volume 8M, AvgVolume 1M) in the last 20 min

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NaturalShrimp to Attend the 35th Annual ROTH Conference March 12-14, 2023https://t.co/NgVDalohSo

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Currently trading at a $47 million market valuation NSI os is 787,624,019 with about 603 million shares in the public float. The Company is fully reporting and an SEC filer with limited revenues to date. As we said SHMP just made a significant reversal off new 52-week lows of $0.0469 and is not on the upswing with buyers outnumbering sellers here and already SHMP is back in the high $0.05’s. The volume has also picked up significantly with SHMP trading 9.5 million shares on Tuesday. We will be updating on SHMP when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

Disclosure: we hold no position in SHMP either long or short and we have not been compensated for this article.