Cash problems stall work at Live Lobster facility
Massachusetts-based Lobster Web Co., which last year bought the shuttered Stinson Seafood cannery in Gouldsboro, has halted lobster buying and processing while it works out cash flow problems. The facility has been stalled for more than two weeks.
Chelsea-based Live Lobster Co. bought the cannery last year and established Lobster Web to process lobsters in the Gouldsboro village of Prospect Harbor. On March 23, TD Bank froze its checking accounts ...