I was remiss to not elaborate on Hosfeth. Its not the access to the US market that matters per-se (although its does as its a massive opportunity - trialling with some Sam's Club as well as selling into the wholesale and restaurant channels BUT the mindset. CEO is great and is now supported by a proven winner. The Business Acumen. Scale. Drive faster production growth to lower unit costs. Market the product well. Work with partners to create new / interesting sku's - for example the new sku's into Woolies. Understand very favourable reception in the stores the product is in. That's the point - runway for growth is massive. Rob has talked about servings per year. Australians consume many multiple servings of Salmon to Kingfish - everyone points to a very good runway to growth.. P.S Japan produced 140k tonnes of fish a year historically this year its <120k. 20k that was exported roughly 15k to US and 5k that one would suspect is not as domestic demand is 120k. Source Kingfish company.
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