Tag Archives: Premium Brands Holdings Corporation
Premium Brands and Mi’kmaq First Nations Coalition Announce Acquisition Completion of Clearwater Seafoods Inc.
“We are very excited to have a world class seafood company like Clearwater join our ecosystem.,,, said George Paleologou, President and CEO of Premium Brands. “We are also very pleased to be partnering with the Membertou, Miawpukek, Sipekne’katik, We’koqma’q, Potlotek, Pictou Landing and Paqtnkek communities. “This is a significant achievement for the Mi’kmaq,” said Chief Terry Paul, Membertou First Nation. “Mi’kmaq not only become 50% owners of the company but expect to hold Clearwater’s Canadian fishing licences within a fully Mi’kmaq owned partnership. >click to read< 09:23
Independent inshore lobster fishermen fear the Clearwater purchase could decimate their livelihoods
In 2018, then-Minister of Fisheries and Oceans, Dominic Leblanc, put an end to Clearwater’s 20-year monopoly on the lucrative offshore fishery of Arctic surf clam when he allocated a quarter of the clam quota to the Five Nations Clam Company,,, Clearwater threatened legal action over the deal, and after it emerged that LeBlanc had family ties to Premium Seafoods, the plan was cancelled. Clearwater regained its surf clam monopoly for a year. Then in 2020, just nine days before Sipekne’katik First Nation launched its moderate livelihood fishery in Saulnierville in Southwest Nova, Clearwater announced that Membertou First Nation had purchased two of its eight licences for offshore lobster, over which the company had a monopoly,,, >click to read< Search Results for: Five Nations Clam Company, (lots )>click here< 20:56
‘We won’: Clearwater Seafoods deal gives Mi’kmaq control of lucrative ocean stretch
Early this week, leaders of the Membertou and Miawpukek First Nations, both of which are Mi’kmaq communities, reached an agreement to buy Nova Scotia-based Clearwater Seafoods in a deal worth C$1bn (£580m). Heralded as the “single largest investment in the seafood industry by any Indigenous group in Canada”, the landmark deal comes at a critical moment for Indigenous communities in the region, as tensions remain high over their treatied fishing rights. >click to read< 15:48
Clearwater sold for $1 billion, Mi’kmaq First Nations to control half of company
In a billion-dollar deal, Clearwater Seafoods Incorporated has been sold to a coalition of Mi’kmaq First Nations and Premium Brands Holdings Corporation. The two entities will each own 50 per cent of the new company.,, The deal has been unanimously approved by Clearwater’s board of directors but is subject to approval by shareholders, says a release from the company. The release says the deal signals a massive change in the Canadian fisheries sector, “catapulting First Nations into a leading global position in the seafood industry.” >click to read< 20:17
