Mi'kmaq Coalition Acquires Clearwater Foods
First Nation Communities Enter Global Seafood Industry.
In a historic deal, a coalition of Mi'kmaq communities across Nova Scotia and Newfoundland have acquired a 50% share in Clearwater Foods, and 100% of all Canadian Clearwater licenses, becoming a major global player in commercial seafood.
“For 13,000 years, the Mi’kmaq have sustainably fished the waters of Atlantic Canada, and today, on this truly transformational day, we are owners of a global leader in the fishery.”
Clearwater was founded in 1976 and has become North America's largest vertically integrated seafood companies. It is recognized globally for its superior quality, food safety, diversity of species and reliable worldwide delivery of premium wild, eco- certified seafood, including scallops, lobster, clams, cold water shrimp, langoustine, whelk and crab.
A Commercial Deal, Separate from the Livable Fishery
The acquisition of Clearwater is not related to the ongoing deployment of the moderate livable fishery, according to the release.
The summer of 2020 was marred by sudden eruptions of violence against First Nations people in Nova Scotia over their initiating their legal rights to a Livable Fishery. Tensions between the federal government of Canada and members of the commercial fishery boiled over, resulting in unprecedented attacks on Mi'kmaq fishers and their property. The Nova Scotia government response was lukewarm, while the Green Party of Nova Scotia condemned the attackers as lawless criminals practicing vigilantism, demanding that RCMP restore law and order.
With new commercial opportunities under their control, the participating Mi'kmaq communities can expand their economies and develop their nations independently.