Canadian scallop quota valued at $200M sells to 3 Nova Scotia companies

In a blockbuster seafood deal, St. John’s-based Ocean Choice International (OCI) has sold its Canadian offshore scallop quota, worth an estimated $200 million, to three Nova Scotia companies. Ocean Choice held 16.77 per cent of the offshore scallop quota, which is fished mostly on Georges Bank off southern Nova Scotia. A key driver in the sale was the sinking of the company’s factory trawler Atlantic Destiny on Georges Bank in March 2021. CEO Martin Sullivan says they opted not to replace it. “We were looking at our options and we talked to these three Nova Scotia companies that have been industry partners of ours for a long time.” more, >>click to read<< 08:08

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