truShrimp is re-energizing its investor drive with a downscaled shrimp production project planned for Madison. truShrimp CEO Michael Ziebell says the new proposal for Madison Bay Harbor comes in at a cost of 100-million dollars, two-thirds of the cost of the original facility.
Ziebell says they also have a new timeline for the fresh-water shrimp production harbor and a ten-year marketing agreement for all the shrimp they can produce.
truShrimp will be holding its first in-person equity drive meeting at the District in Sioux Falls Thursday.
truShrimp is also offering several virtual meetings with dates to be announced on its website. They hold the patent for the first fresh-water shrimp production technique in the world and will utilize area soybeans as their feed source.