The Na-Cho Nyäk Dun First Nation in the Yukon, Canada, has purchased a majority stake in a company specializing in hydroponic food systems to improve northern food security. The Mayo, Yukon-based First Nation is now the controlling owner of Whitehorse-based ColdAcre Food Systems, with a 51 percent stake in the company.

"We are really trying to solve building like a portfolio of food sovereignty for us, and really trying to find ways in which we can connect all the different operations that we do," said Jani Djokic, CEO of Na-Cho Nyäk Dun Development Corporation.

The First Nation already operates Mayo Foods, a community grocery store, as its 'flagship' operation in the food sector, Djokic said. It also includes a former local café that has now been converted into a community gathering place.

"We're really trying to deal with building like a food sovereignty portfolio for us," Jani Djokic, CEO of Na-Cho Nyäk Dun Development Corporation, seen here speaking at the Arctic Indigenous Investment Conference in Whitehorse last spring. (Na Cho Nyäk Dun Development Corporation)

The First Nation also bought a farm a few years ago, west of Mayo.

Read the full article at