Clearwater Seafoods, based in Halifax, recently announced a billion-dollar deal to sell the company to Premium Brands of British Columbia and a coalition of Mi'kmaw First Nations, led by the Membertou band in Cape Breton and Miawpukek in Newfoundland and Labrador.
The new deal works towards reconciliation, especially in light of the horrific conflict that took place in Nova Scotia between the Sipekne'katik First Nation and non-Indigenous fishers, leading to protests and violence.
Chief Misel Joe of the Miawpuket First Nation, commented on the deal, stating: "Ownership of Clearwater by Miawpukek First Nation is a monumental step in regaining our self-sustaining economy. Revenue generation for Miawpukek and employment opportunities for members are significant benefits that are attached to the Clearwater acquisition."
Image Credit: Robert Short/CBC
What Makes This Trend Stand Out
- Indigenous Ownership
- Clearwater Seafoods' sale to a coalition of Mi'kmaw First Nations presents an opportunity for other industries to increase Indigenous ownership and involvement.
- Reconciliation-focused Business Deals
- Businesses can follow in the footsteps of Clearwater Seafoods by pursuing deals that work towards reconciliation and healing between Indigenous peoples and non-Indigenous people.
- Indigenous Economic Empowerment
- The Clearwater Seafoods deal highlights the potential for businesses to support Indigenous economic empowerment, providing revenue generation and employment opportunities for Indigenous communities.
Sectors Adopting This
- Fishing Industry
- The Clearwater Seafoods' sale demonstrates the importance of Indigenous leadership and involvement in the fishing industry, and presents opportunities for further collaboration and partnership.
- Natural Resource Extraction Industry
- Businesses operating in the natural resource extraction industry should consider pursuing similar deals that promote Indigenous ownership and control over resources.
- Hospitality Industry
- Hotels, resorts, and tourism businesses have the potential to benefit Indigenous communities by partnering with and investing in Indigenous-led initiatives.
