Blue Star Foods Extends Multi-Year Supply Relationship with Avendra
September 19 2022 - 8:00AM
Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or
“us”) (NASDAQ:
BSFC), an
integrated Environmental, Social, and Governance (ESG) sustainable
seafood company with a focus on Recirculatory Aquaculture Systems
(RAS), is pleased to announce that it recently signed a multi-year
extension to its multi-year supply contract with privately-held
Avendra. The Bid Award Purchase Agreement is effective starting
August 2022, and is for purchase and distribution of the Company’s
Blue Star crab meat branded products.
Rockville, Maryland-based Avendra is North
America’s leading hospitality procurement services provider,
working with over 8,500 customers. Through Avendra, Blue Star
products get placed into brand-name hotels and resorts, convention
centers, country clubs and airports throughout the United States,
its corporate website is: www.avendra.com
John Keeler, CEO of Blue Star Foods, commented,
“We’ve been working with Avendra for close to 16 years, and pleased
that they have extended their contract with us. This multi-year
renewal continues to be part of the Company’s climb back to
pre-pandemic levels of revenue in the platform sustainable
crab-meat business.”
About Blue Star Foods Corp. (NASDAQ:
BSFC)
Blue Star Foods Corp. an integrated
Environmental, Social, and Governance (ESG) sustainable seafood
company with a focus on Recirculatory Aquaculture Systems (RAS)
that processes, packages and sells high-value seafood products. The
Company believes it utilizes best-in-class technology, in both
resource sustainability management and traceability, and ecological
packaging. The Company also owns and operates the oldest
continuously operating Recirculating Aquaculture System (RAS) full
grow-out salmon farm in North America. The company is based in
Miami, Florida, and its corporate website is:
https://bluestarfoods.com
Forward-Looking Statements:
The foregoing material may contain
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, each as amended. Forward-looking statements
include all statements that do not relate solely to historical or
current facts, including without limitation statements regarding
the Company’s product development and business prospects, and can
be identified by the use of words such as “may,” “will,” “expect,”
“project,” “estimate,” “anticipate,” “plan,” “believe,”
“potential,” “should,” “continue” or the negative versions of those
words or other comparable words. Forward-looking statements are not
guarantees of future actions or performance. These forward-looking
statements are based on information currently available to the
Company and its current plans or expectations and are subject to a
number of risks and uncertainties that could significantly affect
current plans. Risks concerning the Company’s business are
described in detail in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2021, and other periodic and current
reports filed with the Securities and Exchange Commission. The
Company is under no obligation to, and expressly disclaims any such
obligation to, update or alter its forward-looking statements,
whether as a result of new information, future events or
otherwise.
Investor
Contacts:investors@bluestarfoods.com
Blue Star Foods (NASDAQ:BSFC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Blue Star Foods (NASDAQ:BSFC)
Historical Stock Chart
From Apr 2023 to Apr 2024