Summary Sheet

Company Description

  • Canadian company in the fish farming (aquaculture) business, listed on CNSX:GSF
  • Integrated platform operation (hatchery, farm, processing) in the Dominican Republic farming premium white-fleshed fish – Florida Pompano
  • Very high scale up potential: large permit allowing expansion from current 8 production cages to 48, taking production capacity from 0.6M lbs per year to 4M lbs at first site – new cages currently being added
  • Aggressive regional development strategy

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Current Highlights:

  • Validation of market opportunity:
      • Proven ability to grow and sell premium Florida Pompano into US and Canadian markets
      • Initial commercial runs of over 100,000 lbs sold at strong price points, excellent customer response and product feedback
      • New inventory ready for sale in February 2014
      • New production cages currently being installed to expand production capacity
  • Processing capabilities in place:
      • HACCP plan to facilitate value-added sales into US
  • Advanced on regional development strategy:
      • Senior level discussions with officials in additional jurisdictions in the region for new site development – major site development potential

highlights

The Market Opportunity

  • Aquaculture is the fastest growing segment of the global agri-food industry with seafood demand projected grow 11M tons per year
  • Half of all seafood consumed is from a farmed source, all incremental production will be from farmed sources
  • $80B U.S. target market is 85%+ dependent on imported seafood – seafood imports are 2nd largest source of U.S. trade deficit
  • U.S. consumption forecast to grow additional 1.8B kg annually by 2020 – will have to come from imported farmed sources
  • GSF’s DR operations only 2 hrs air freight to Miami providing key freshness and shelf life advantages vs. other imports

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Growth Strategy:

  • Expand current operation to 48 production cages, add additional sites in DR
  • Secure new site development opportunities in Caribbean region – objective to establish 200+ production cage operating footprint
  • Pursue consolidation opportunities in sector

Team:

  • DR operating team includes 1 Canadian and 2 European trained operators with extensive Caribbean aquaculture experience
  • Strong technical support for marine biology and expansion engineering needs
  • GSF executive and board with extensive aquaculture and capital market experience

Investment Summary:

  • Proven production capabilities and initial market entry sales from Caribbean operations with strong growth potential
  • Opportunity for investors to get in at early stage of highly scalable business plan
  • GSF will be one of only two public companies in aquaculture listed in North America providing a differentiated story and unique vehicle for investors seeking exposure to agri-food/protein sector

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CEO – Robert Boisjoli
[email protected]
514-821-9857

Exec. VP – Cameron McDonald
[email protected]
514-825-0007

1 Place Ville Marie, Suite 1812
Montreal, Qc Canada H3B 4A9

Capital Structure:
106.4M common shares
2.8M mgt options – exercisable at $0.20
$1M debenture:
Debenture is a 10% PIK maturing June 2015, convertible at $0.15.