On November 9, 2020, a group of Miꞌkmaq First Nations and Premium Brands Holdings Corporation announced their $1 billion purchase of Clearwater Seafoods, which was finalised on January 25, 2021. The group of First Nations includes Sipekne’katik, We’koqma’q, Potlotek, Pictou Landing, and Paqtnkek First Nations, and is led by Membertou and Miapukek First Nations. The purchase represents the "largest investment in the seafood industry by a Canadian Indigenous group". The harvest of non-Indigenous fishermen in the region will now be purchased by Clearwater Seafoods' Miꞌkmaq part owners.