Article Date 16/11/2020

First Nations partner with B.C. company in $1B purchase of Clearwater Seafoods

Source CBC News

Halifax-based Clearwater Seafoods announced a billion-dollar deal Monday to sell the company to a partnership between Premium Brands of British Columbia and a coalition of Mi'kmaw First Nations.

It is "the single largest investment in the seafood industry by any Indigenous group in Canada," said a news release jointly issued by the coalition and Clearwater.

The coalition will be led by the Membertou band in Cape Breton and Miawpukek in Newfoundland and Labrador.

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