Bluecadia Aquaculture, Inc.
AquaSol performed an appraisal of several aquaculture assets for the largest shrimp farming company in Belize.
A site analysis and a feasibility study for a potential Tilapia farming venture was also performed. The subject site was Nova Toledo Freshwater; a non-operational fish farm property held as a non-performing asset of Nova Toledo Ltd. and Bluecadia Aquaculture, Inc. The total acreage of the site was more than 2,000 acres.
At the time of the assessment, Bluecadia had several different opportunities with regard reinvestment of earnings: reinvest in existing shrimp farming operations, acquire the old Laguna Madre shrimp farm and restart this operation, diversify geographically away from Belize, or invest in the old Nova Toledo Freshwater site.
The original design of this farm did not favor a low cost restart without major upgrades, which negatively impacted the profit potential of this particular investment alternative.
Ultimately, we recommended reinvestment of earnings back into the existing shrimp farming operations of Bluecadia.
