ALL ASSETS of Catalina Sea Ranch, LLC’s Aquaculture Operation will be sold pursuant to Bankruptcy Court Approval on March 24, 2020
Key Investment Considerations:
High Barriers to Entry
Catalina is currently the only permitted aquaculture facility in federally regulated waters. Aquaculture operations in U.S. waters are regulated by multiple government agencies making it extremely difficult to gain the necessary permit; providing a high barrier to entry.
Large, Growing Market
The U.S. aquaculture market is projected to grow from $30.1 billion in 2018 to $42.6 billion by 2023, recording a CAGR of 7.2%. In addition to shellfish, the commercial seaweed market is growing at 7.5% annually and is expected to be worth over $92 billion by 2025.
Intellectual Property
The Company had filed for eight (8) provisional patents related to the methods and systems for offshore monitoring and shellfish hatchery and cultivation innovations. The Patent applications expired but may be subject to reactivation by filing a “petition to revive.”
Operational Facility
The Company’s facilities are partially operational and include all aquaculture equipment, boats, monitoring systems and office equipment.
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