Tag Archives: sold to a coalition of Mi’kmaq First Nations
How a Mi’kmaq nation found prosperity and a seafood empire
The urban Mi’kmaq reservation, on the southern edge of Sydney, N.S., used to be the kind of place many in Cape Breton avoided. It was seen by outsiders, unfairly, as rough, poor and unwelcoming to business. Chief Terry Paul, “They all used to avoid this place. Now, they’re all here. They have businesses here. Even the taxis wait for their fares.” This month, the remarkable four-decade-long transformation of the community reached a new milestone with Membertou’s co-ownership of the largest shellfish producer in North America, Clearwater Seafoods. >click to read< 11:56
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
