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Amid tension with white fishermen Indigenous coalition buys entire Nova Scotia seafood supplier by Jenny G. Zhang November 12,2020   |  Source: Eater

One of North America’s largest seafood suppliers is being acquired in part by a coalition of Miꞌkmaq First Nations in what is being called a “historic” deal that will facilitate the largest investment in the Canadian seafood industry by an Indigenous group so far.

The group of Miꞌkmaq First Nations — led by Membertou First Nation and Miawpukek First Nation — in partnership with Canadian specialty food company Premium Brands, are purchasing Halifax, Nova Scotia-based shellfish supplier Clearwater Seafoods for $1 billion Canadian dollars ($765.8 million USD).

“This deal is a transformational moment for all participating communities,” Membertou Chief Terry Paul, who led the deal on the Miꞌkmaq side, told CBC News. “We’re a player now. In order to be in business, you first have to play the game … You have to play to win, and we won.”

Paul told CTV News that the plan is to eventually integrate Indigenous workers into Clearwater Seafoods and to create an enduring legacy for Miꞌkmaq communities, leading to a positive economic impact for generations to come.

The deal has attracted criticism from non-Indigenous commercial fishermen in Nova Scotia, who say that Clearwater Seafoods has monopolized the industry, as the company holds all the licenses

 

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