More evidence that the marginal consumer is tapped out and expensive food choices are off the menu.
Halifax-based Clearwater Seafoods announced Thursday plans to change its lobster operations, which will result in permanent and temporary job losses in Nova Scotia.
Lockeport Mayor Derek Amalfa said about half of the 145 people employed at the Pierce Fisheries plant in the town will lose their jobs…
The other question I have is how several Mi’kmaq communities raised their half of the $1 billion to buy this outfit. I somehow doubt that they just floated a bond in the equity markets.
In January 2021, Premium Brands Holdings Inc. partnered with seven Mi’kmaq communities — led by the Membertou First Nation in Cape Breton and Miawpukek First Nation in Newfoundland and Labrador — to finalize the purchase of Clearwater for a total investment of $1 billion.

FILTHY LIBERALS FILTHY INDIANS.
No Mass Graves, just Mass Corruption.
…that’s a lot of smokes and poker chips, auntie.
Canada as currently formed is a PoS kleptocratic third world shithole. It will thrive once the US takes it over.
Amen! And Urrah!
L – Some Canadians are slow to learn that voting Liberal is a delayed form of economic Hara Kiri.
On the other hand would be voting Conservative instead, end the same but with a shorter knife?
But what if the knife is so short as to miss the vital organs?
If the price/demand for lobster drops enough, Saskatchewan could offer to trade them for a bushel of oats
or wheat, say on a bushel for bushel basis. Good thing we still make our own butter and bacon and eggs.
Wow … life is good being a $$$ filthy rich Indian $$$.
Congrats on transferring a CRAZY amount of the white mans wampum into teepees everywhere.
Reparations and How! (sorry)
It’s taxpayer money, of course. Either a direct transfer, or a guaranteed bond. Either way taxpayers get screwed for the benefit of a few tribals.
Tribal greed, corruption, and infighting will likely destroy most of their businesses and investments.
The current crop of chiefs will be stinking rich, future chiefs will need more taxpayers, but will our “new canadians” feel as guilty and be as stupid as canadians have been up to this point?
Doubt it… Indians better figure out a way off the Reserves because the future ain’t bright…
I was at Costco the other day and a guy was showing his wife the price ($100) for two lobster tails. Fµck!!!