Sales plunged by $20 million in the first three months of 2020 at Nova Scotia-based Clearwater Seafoods. North America's largest shellfish producer reported its first financial results since the COVID-19 pandemic caused the global seafood food service market to collapse. The company lost $34 million in the first 13 weeks of the year ending April 4 as a result of the virus's impact on restaurant and food service sales in Asia. Sales fell to $100 million, down from $120 million during the first quarter last year. Demand will improveThe company said demand is expected to improve as governments begin to relax measures to control the spread of COVID-19.

Source: CBC News May 15, 2020 17:15 UTC