Acadia Harvest Inc. Ed Robinson Acadia Harvest Inc. 1 Our Mission • To produce premium, sustainable seafood on land using innovative aquaculture technology to help meet the world’s need for protein. Acadia Harvest Inc. 2 Management Team • Chris Heinig, President – Marine biologist, 40 years with shellfish & fish – Environmental monitoring experience • Tap Pryor, Chief Scientist – Marine biologist, 60 years with fish & molluscs – Hawaii’s Sea Life Park and Oceanic Institute – Founding director of NOAA • Ed Robinson, CEO – 30 years of life sciences - aquaculture, pharmaceuticals, and biotechnology Acadia Harvest Inc. 3 Building the foundation… • Launched in Brunswick, 2011 • Growing/selling 5,000 yellowtail at University of Maine aquaculture incubator (Franklin) • Scaling up zero waste production system, using invertebrates, algae and shellfish • Pioneering aquafeeds using marine residuals, minus fish meal • Fundraising round $400 – 500K by Q3 2015 Acadia Harvest Inc. 4 Land-based aquaculture Production in a controlled environment Corea, Maine Acadia Harvest Inc. 5 California yellowtail • • Red labeled frozen fish from Japan’s coast or… …fresh, unprocessed fish from Maine? Global market 150,000 tons, ~$1.5 billion sales Acadia Harvest Inc. 6 Black Sea Bass • “Ideal plate sized fish”, compared to grouper • Limited harvests, no commercial production • 2012 harvest 2 mil. lb., $8 mil. wholesale (NOAA) Acadia Harvest Inc. 7 Milestones • Distributors in Maine, Boston, San Francisco • $1.1 mil. grants from the National Science Foundation (NSF) • $750K NSF grant now pending • $205K private equity invested • $600K additional grants and debt finance Acadia Harvest Inc. 8 Development Plan • 2015 – Challenges • Sell 5,000 yellowtail $170K • Scale up zero waste technology • 2016-2017 – Full Commercial Scale • Final factory design, secure permits • $7.0 million plus $1 million working capital • 2016-2018 – Expand via investment, partners, and licensing Acadia Harvest Inc. 9 Ed Robinson 207-522-9342 edrobinson@acadiaharvest.com www.acadiaharvest.com Acadia Harvest Inc. 10