Peter Pan Seafoods announces it will cease operations

Fishing vessels in King Cove (Theo Greenly/KUCB)
Peter Pan Seafood Co., the state-backed processing company that has faced dire financial troubles recently, announced Friday it was ceasing operations.
“We’re saddened to share that Peter Pan Seafoods will be halting operations at its processing plants, leading to the discontinuation of both summer and winter production cycles for the foreseeable future,” the company said in a Facebook post Friday night.
The company has faced mou