Canada’s Clearwater Seafoods says it is "monitoring a pipeline" of potential merger and acquisition opportunities both in North America and the United Kingdom, part of its strategy to pursue additional growth.

High on the list of potentials, CEO Ian Smith told analysts during a conference call, are companies with which the group already holds strong business relationships, and a list of interesting opportunities has been drafted.

“It’s really about timing and its also about price, both their price and our share price,” Smith said.