Tag Archives: owned by Quinlan Brothers

A terrible deal for the fishery

Sometime in the past few weeks, the minister of Fisheries, Forestry and Agriculture signed off on the transfer of the processing licenses owned by Quinlan Brothers to Royal Greenland. Royal Greenland is now the largest, most dominant fish processing company in this province. The purchase of Quinlan Brothers by Royal Greenland and its subsequent approval by the provincial government was completed with little debate and almost no context. The inshore fishery in this province is extremely valuable. In 2019, the total value was approximately $1 billion, with about half going to the inshore fish harvesters. This is new money into our economy, largely into rural communities, and created with little to no provincial government support. The total value of the fishery is approximately $1 billion per year. Royal Greenland is one of the largest seafood companies in the world. But it has just one shareholder — the Government of Greenland.  >click to read< 17:01