{"id":765426,"date":"2023-06-22T08:35:16","date_gmt":"2023-06-22T12:35:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-star-foods-strengthens-balance-sheet-by-paying-off-its-5-million-asset-based-line-of-credit-to-zero-balance\/"},"modified":"2023-06-22T08:35:16","modified_gmt":"2023-06-22T12:35:16","slug":"blue-star-foods-strengthens-balance-sheet-by-paying-off-its-5-million-asset-based-line-of-credit-to-zero-balance","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-star-foods-strengthens-balance-sheet-by-paying-off-its-5-million-asset-based-line-of-credit-to-zero-balance\/","title":{"rendered":"Blue Star Foods Strengthens Balance Sheet by Paying Off its $5 Million Asset Based Line of Credit to Zero Balance"},"content":{"rendered":"
\n

\n Miami, FL, June 22, 2023 (GLOBE NEWSWIRE) — <\/strong>
\n Blue Star Foods<\/strong>
\n Corp<\/strong>
\n ., (\u201c<\/strong>
\n Blue Star<\/strong>
\n ,<\/strong>
\n \u201d<\/strong>
\n the<\/strong>
\n \u201c<\/strong>
\n Company,\u201d \u201cwe,\u201d \u201cour\u201d or \u201cus\u201d)<\/strong>
\n (<\/strong>
\n N<\/strong>
\n ASDAQ<\/strong>
\n :<\/strong>
\n
\n BSFC<\/strong>
\n <\/a>
\n )<\/strong>, an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce it has paid off its $5 million asset based line of credit to a zero balance.<\/p>\n

John Keeler, Chairman and CEO of Blue Star Foods, commented, \u201cWe are pleased to have reduced our current asset based line of credit to zero. We will seek additional financial partners to allow for more flexibility and capital to enable us to expand our business and accelerate our revenue growth.\u201d<\/p>\n

\n A<\/strong>
\n bout Blue Star Foods Corp<\/strong>
\n . <\/strong>
\n (N<\/strong>
\n ASDAQ<\/strong>
\n :<\/strong>
\n
\n BSFC<\/strong>
\n <\/a>
\n )<\/strong>\n <\/p>\n

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<\/a><\/p>\n

\n F<\/strong>
\n orward<\/strong>
\n –<\/strong>
\n Looking<\/strong>
\n S<\/strong>
\n tatements<\/strong>
\n :<\/strong>\n <\/p>\n

The foregoing material may contain \u201cforward-looking statements\u201d 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\u2019s product development and business prospects, and can be identified by the use of words such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201cproject,\u201d \u201cestimate,\u201d \u201canticipate,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cpotential,\u201d \u201cshould,\u201d \u201ccontinue\u201d 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\u2019s business are described in detail in the Company\u2019s 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.<\/p>\n

\n Investor Contacts:<\/strong>
\n
\n investors@bluestarfoods.com<\/a>\n <\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Miami, FL, June 22, 2023 (GLOBE NEWSWIRE) — Blue Star Foods Corp ., (\u201c Blue Star , \u201d the \u201c Company,\u201d \u201cwe,\u201d \u201cour\u201d or \u201cus\u201d) ( N ASDAQ : BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce it has paid off its $5 million asset based line of credit to a zero balance. John Keeler, Chairman and CEO of Blue Star Foods, commented, \u201cWe are pleased to have reduced our current asset based line of credit to zero. We will seek additional financial partners to allow for more flexibility and capital to enable us to expand our business and accelerate our revenue growth.\u201d A … <\/p>\n

Continue reading “Blue Star Foods Strengthens Balance Sheet by Paying Off its $5 Million Asset Based Line of Credit to Zero Balance”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-765426","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBlue Star Foods Strengthens Balance Sheet by Paying Off its $5 Million Asset Based Line of Credit to Zero Balance - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blue-star-foods-strengthens-balance-sheet-by-paying-off-its-5-million-asset-based-line-of-credit-to-zero-balance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blue Star Foods Strengthens Balance Sheet by Paying Off its $5 Million Asset Based Line of Credit to Zero Balance - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Miami, FL, June 22, 2023 (GLOBE NEWSWIRE) — Blue Star Foods Corp ., (\u201c Blue Star , \u201d the \u201c Company,\u201d \u201cwe,\u201d \u201cour\u201d or \u201cus\u201d) ( N ASDAQ : BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce it has paid off its $5 million asset based line of credit to a zero balance. John Keeler, Chairman and CEO of Blue Star Foods, commented, \u201cWe are pleased to have reduced our current asset based line of credit to zero. 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