Blue Star Foods Corp. Chairman and CEO John Keeler issued a shareholder letter on October 14, 2024, highlighting a 50.4% reduction in total liabilities year-over-year as of June 30, 2024, compared to the same period in 2023. The company also reported strengthening its balance sheet by $4,630,557 in shareholder equity.
The letter also addressed ongoing difficulties with Taste of BC Aquafarms' parcel landlord, Steve Atkinson, accusing him of a libel and slander campaign, tort interference, trespassing, and property vandalization. These actions are described as undermining the economic stability and corporate reputation of Blue Star Foods Corp.
In connection with these issues, Benjamin Atkinson's employment as president of Taste of BC Aquafarm was terminated on February 15, 2024. Blue Star Foods Corp. stated its intention to pursue legal claims and remedies against the perpetrator(s) while maintaining focus on growth and innovation in the aquaculture industry.
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