Red Chip Featured Company: Edgewater Foods International Inc. (EDWT.OB)
As consumers continue to look for healthier options for meals, Edgewater Foods International Inc. (EDWT.OB) has a variety of seafood for those on the west coast of North America. Edgewater is the parent company of Island Scallops Ltd. (ISL), a Vancouver Island (British Columbia, Canada) aquaculture company that focuses exclusively on providing seafood items produced in private hatcheries and grown on ocean farm sites. ISL was established in 1989 to commercialize the Canadian government’s research on the development of scallop aquaculture and was acquired by Edgewater in June 2005 through a non-taxable merger. Over the last 15 years, ISL has…