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Refinancing Clearwater loan worth millions in annual cash flow for Mi'kmaw owners

B.C.'s Premium Brands lent a coalition of seven Mi'kmaw First Nations about $240 million to cover their equity purchase of Clearwater in 2020. But the loan came with a hefty 10 per cent interest rate, according to the non-profit First Nations Financial Authority. ....

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First Nation-led financing model hits $2B in effort to close infrastructure gap

First Nation-led financing model hits $2B in effort to close infrastructure gap
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Ernie Daniels , First Nation Finance Authority , First Nation Led , Scugog Island , Mi Kmaw First Nation , Premium Brands , Clearwater Seafoods , Canadian Press ,

First Nation-led financing model hits $2B in effort to close infrastructure gap

A First Nation-led financing model has reached $2 billion in loans issued as it works to close the economic and infrastructure gap between member nations and the rest of Canada. ....

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