First Nations Finance Authority – Provided a $250M loan to the Mi’kmaq First Nations Coalition comprised of communities from across Nova Scotia and Newfoundland:

• Membertou
• Waycobah
• Potlotek
• Paqtnkek
• Pictou Landing
• Sipekne’katik, and
• Miawpukek.

The loan was to purchase the Canadian off-shore fishing licences from Clearwater Seafoods resulting in a 50% equity share in Clearwater. Under the announced agreement, the First Nations will receive contractual revenues on a quarterly basis from Clearwater which will have a significant impact by creating revenue and boosting their economies.
“This landmark deal which was made possible by a $250 million loan from FNFA shows the collective purchasing power of First Nations when they stand together,” said Ernie Daniels, President and CEO of the FNFA. “It demonstrates we are stronger when we work together in building the Indigenous economy.”