Blue Star Foods Signs Supply Deal to Provide Meals to U.S. Military
By Sabela Ojea
Blue Star Foods will provide meals to the U.S. military through a supply agreement to be rolled out to 14 military bases over the next few months.
Shares jumped 44% to 14 cents in morning trading. However, the stock has fallen about 96% in the past 12 months.
The meal solutions company on Wednesday said that the deal facilitates the provision of premium products distributed under a service-disabled veteran-owned small business called Eagle Rising.
The strategic partnership will be supported by the recently established master service agreement Blue Star Foods signed with an unnamed $20 million seafood business.
The company didn't disclose financial details of the deal with the U.S. military.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
April 10, 2024 11:45 ET (15:45 GMT)
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