Catalina Sea Ranch

Overview
Sustainable Aquaculture?
Product stageSegments
Early
?
Farming (Shellfish/Aquatic plants)
?

Catalina Sea Ranch was an aquaculture company founded in 2012 by Phil Cruver. The company operated a 100-acre underwater shellfish farm off the coast of Los Angeles County, California. It was the first aquaculture facility in the US to be permitted for commercial use in federal waters. Catalina Sea Ranch focused on mussel production, with plans to expand into other shellfish varieties such as abalone, oysters, and scallops.

The company's farming method involved using 20-foot-long "seed lines" with mussel spawns attached. These lines were suspended 20 feet below the water surface. The mussels would grow on these lines for two to three months before being transferred to 8,000 feet of "grow-out line" for further development. The entire process from seed to harvest took between eight to twelve months. Catalina Sea Ranch harvested its first batch of mussels in July 2017, with an initial crop yielding about 500 pounds. The company aimed to scale up production to 2.5 million pounds annually by expanding to 1,000 acres.

Catalina Sea Ranch positioned itself as a supplier of fresh, sustainably grown mussels for the Los Angeles region. The company set a wholesale price point of USD 2.25 per pound, slightly higher than the market rate, banking on the appeal of locally sourced shellfish. In addition to mussel production, Catalina Sea Ranch developed a secondary revenue stream through federal contracts for aquaculture research.

Despite its innovative approach and initial success, Catalina Sea Ranch faced financial challenges. The company struggled with high regulatory costs, exceeding USD 500,000 annually. Unable to secure necessary institutional capital, the company eventually filed for bankruptcy.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
820 S Seaside Ave San Pedro CA USA
Founded year:
2012
Employees:
1-10
IPO status:
Private
Total funding:
USD 4.0 mn
Last Funding:
USD 2.0 mn (Series Unknown; Jan 2017)
Last valuation:
-
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