Cranberry Isles Fishermen’s Co-op celebrates 40 years

In 1978, Bruce Fernald and Dave Thomas went to consult with an attorney about starting a fishermen’s cooperative and left the attorney’s office with a contract. “We had a purchase and sale agreement and away we went,” said Thomas. They were purchasing an existing lobster buying business, one that had been operated by Lee Ham for nearly two decades. Ham put the dock up for sale just as Thomas, Fernald and other fishermen from the island were contemplating creating a member-owned cooperative. The co-op began with about 25 members, Thomas said, and the first couple of years of the operation were bumpy. >click to read<11:35

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