Government of Canada announces support to help Nova Scotia lobster businesses modernize, compete, and reach new markets

May 14, 2026 · North East Point, Nova Scotia · Atlantic Canada Opportunities Agency (ACOA)

Projects funded through the Regional Tariff Response Initiative (RTRI):
 

Hailmar Fisheries Limited

Osborne Harbour, Nova Scotia

Investment: $750,000 non-repayable

This project will enable Hailmar Fisheries to modernize its storage capabilities for both live lobster and frozen products. The company will increase its holding capacity for live lobster, expand to new product lines and new markets, and refocus on other finfish species. Hailmar Fisheries employs 20 people and will create five new jobs.
 

Atlantic Coast Live Lobster Incorporated

North East Point, Nova Scotia

Investment: $700,000 non-repayable

This project will allow AC Live Lobsters to develop and execute a strategy to diversify and expand markets. The company will add solar panels to reduce operating expenses, expand its season and remain competitive. AC Live Lobsters Inc. employs 35 people and will create 10 new positions.
 

Fishermen’s Premium Atlantic Lobster Incorporated

North East Point, Nova Scotia

Investment: $650,000 non-repayable

This project will support Fishermen’s Premium Atlantic Lobster Inc. in executing a multi-year global marketing and product diversification strategy. The company will develop a premium line of value-added frozen seafood products for international markets, while expanding its presence at major seafood exhibitions worldwide. Fishermen’s Premium Atlantic Lobster Inc. employs 16 people and is expected to create three jobs.
 

Xsealent Seafood Company
Clark’s Harbour, Nova Scotia

Investment: $50,000 non-repayable

This project will enable Xsealent Seafood to diversify its market and pursue new opportunities. The company has 32 employees.
 

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News Release: Government of Canada announces support to help Nova Scotia lobster businesses modernize, compete, and reach new markets