Billion-Dollar Clearwater Deal With Premium and Mi’kmaq First Nations Coalition Finalized
A coalition of seven Nova Scotia First Nations communities is now the proud co-owner of one of North America’s largest vertically integrated seafood companies and the largest holder of shellfish licenses and quotas in Canada.
The billion-dollar sale of Clearwater Seafoods Incorporated to Premium Brands Holdings Corporation and FNC Holdings Limited Partnership, representing a coalition of Mi’kmaq First Nations, was finalized on Jan. 25, after Clearwater shareholders voted overwhelmingly ...
Chronology of a Deal Gone Bad
Timeline Traces Breakdown of CETA-Related Fisheries Fund
“The provincial fishery is now ideally positioned to capitalize on unrestricted access to European seafood markets and become more globally competitive with the creation of a $400-million federal-provincial fund to support industry enhancements.”
This was how an excited and optimistic Kathy Dunderdale described the now embattled fisheries fund on October 29, 2013.
At the time, the now former Newfoundland and Labrador premier ...