Risk and Resilience – John Risley of CFFI Ventures

Speaking of Business with Goldy Hyder

For decades, the names John Risley and Clearwater Seafoods were practically synonymous. The story of Clearwater’s founding is the stuff of legend in Atlantic Canada.

It’s a story of how John and his business partner Colin MacDonald started selling lobsters in a store on the Bedford highway in 1976 … and how they grew Clearwater into a global seafood giant.

As the Chairman and CEO of CFFI Ventures, Risley has been involved in many other enterprises throughout his career – including telecommunications, space technology and green hydrogen – but Clearwater is what started it all.

So it was big news when, in 2020, Clearwater was sold to a joint venture that included a coalition of Mi’kmaw First Nations. It was described as “the single largest investment in the seafood industry by any Indigenous group in Canada.”

In a candid conversation with Goldy Hyder on the Speaking of Business podcast, John Risley recounts that historic sale, reflects on the business risks he’s taken, and reveals why the world is now courting Atlantic Canada’s ocean economy.

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