Benzinga | Dec 6, 2021 01:54PM EST

Blue Star Foods Subsidiary Nets ~$1M Deal To Supply Steelhead Salmon Fingerlings

* Blue Star Foods Corp's (NASDAQ:BSFC) wholly-owned Recirculatory Aquaculture Systems subsidiary, Taste of BC Aquafarms (TBC), has entered into a 2-year agreement to supply Steelhead Salmon fingerlings to a company that produces steelhead salmon in British Columbia. The supply agreement value is about $1 million.

* "This agreement is strategic as our company prepares to scale up with our new 1,500 MT facility. This opportunity allows us to enter into a segment that gives us higher margins and a shorter production cycle," said Steve Atkinson, the Founder of TBC.

* Price Action: BSFC shares are trading higher by 1.29% at $2.41 on the last check Monday.