The CEO of Ár n-oileán Resources said their customers are begging for their products.
After 18 rounds of negotiations, they struck a huge deal in October, purchasing the intellectual and physical rights of Caboto Seafoods, a firm based in Fleur de Lys on the province’s Baie Verte Peninsula. Ár n-oileán Resources acquired a “blue hat” certificate from Caboto Seafoods.
According to Nutra, a news agency concentrating on health and nutrition issues in the Asia/Pacific area, only health foods with the ‘blue hat’ mark can be sold in Chinese pharmacies and health food stores.
Obtaining the blue hat accreditation is a “very huge matter” since it allows them to sell seal oil to China.
Earlier this year, the company also achieved a significant milestone in its efforts to establish a seal processing plant at Tors Cove on the Avalon Peninsula.
The company also realized that unless it was large-scale, it was not going to be truly economically viable. Sealers from the Baie Verte area have invested a lot of their own money in the company and have a stake in it.
Department of Fisheries and Oceans has been extremely helpful to the company with all the permits and information.
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