Struggling with a rising Canadian dollar, and the pending taxation of income trusts in Canada, MacDonald said Wednesday the company is looking at various options for maximizing the firm’s value.

"We could convert from an income trust to a normal stock company," he said, which would provide relief from new tax laws affecting income trusts. Clearwater could also go private and step away from the demands of the stock market, a sentiment echoed Wednesday by Clearwater co-founder John Risley in comments he made to the Canadian Press.

“The