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Sustainability

Receiver for US RAS producer NaturalShrimp seeks approval to sell $16.8m in assets

'(The) current income from the sale of shrimp does not cover operating and overhead expenses, and, in (the) receiver’s opinion, the receivership entities cannot survive as a going concern without additional capital or debt' -- recent filing in Utah federal court

By Liza Mayer | Feb. 17, 2025 16:53 GMT
NaturalShrimp's 'gourmet-grade' white Pacific shrimp raised indoors. Photo: Natural Shrimp
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NaturalShrimp, a recirculating aquaculture system (RAS) producer of shrimp based in Dallas, Texas, has fallen into receivership and its creditors are pushing for liquidation, according to court filings and the company's SEC disclosures [...]

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Contact the author liza.mayer@undercurrentnews.com

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