HALIFAX, NS – Clearwater Seafoods and Membertou First Nation are happy to announce that they’ve reached an settlement for the sale of two of Clearwater’s eight offshore lobster licences to Membertou First Nation. Membertou is investing $25 Million to buy the licences, considerably rising their presence within the business fishery in Atlantic Canada.
Chief Terry Paul stated “Membertou is happy to make this historic strategic funding within the sustainable and well-managed offshore lobster fishery. It additional strengthens our relationship with Clearwater, leverages their experience in offshore fisheries, and builds worth for our group and supplies extra employment and development alternatives for our individuals.”
This voluntary business transaction is the fruits of a collaborative challenge that started in mid-2019 and brings a brand new Mi’kmaq participant into the offshore lobster fishery. This transaction builds on and strengthens the enterprise relationship between Clearwater and Membertou, which already contains working agreements in different Clearwater species, Indigenous employment, and procurement commitments. Clearwater and Membertou First Nation will work collaboratively on our mutual goals for the offshore lobster fishery: sustainable science based mostly administration of the useful resource, optimistic financial development and rising the worth of the useful resource, continued analysis and growth, advantages to native communities, and high quality employment.
Ian Smith, CEO for Clearwater Seafoods stated “Clearwater is proud to work with Membertou to create First Nation entry to this necessary offshore fishery. This transaction serves as a mannequin of cooperation, with the business fishing business and First Nations working collectively as equal companions to construct worth and alternative for native communities.”
The transaction is topic to plain closing provisions and regulatory approval.
Clearwater is certainly one of North America’s largest vertically built-in seafood corporations and the most important holder of shellfish licenses and quotas in Canada. It’s acknowledged globally for its superior high quality, meals security, range of species and dependable worldwide supply of premium wild, eco-certified seafood, together with scallops, lobster, clam, coldwater shrimp, langoustine, whelk, crab and groundfish.
Since its founding in 1976, Clearwater has invested in science, individuals and technological innovation in addition to useful resource possession and administration to maintain and develop its seafood useful resource. This dedication has allowed it to stay a frontrunner within the world seafood market and in sustainable seafood excellence.
Membertou is an city and progressive Mi’kmaq group positioned on Unama’ki – Cape Breton Island. With a robust deal with group development by way of financial growth, the spirit of Membertou is pushed by its close-knit and vibrant individuals.
Membertou Growth Company is the enterprise arm of Membertou’s operations, and contains twelve company entities throughout varied sectors, together with fisheries, hospitality and tourism, and business gaming. Since its incorporation in 1989, the Membertou Growth Company has aimed to serve the wants of the Membertou group and create sturdy partnerships for the way forward for enterprise in Nova Scotia.