The Liberals say 130 tonnes of a quota the province leases to Icewater Seafoods in Arnold's Cove is being sub-leased to a Nova Scotia-based company.
A 20-year deal was struck between the province and Icewater back in 2004 to keep the plant open.
Liberal Leader Dwight Ball says the sub-lease does not provide the highest economic and job impact.
Fisheries Minister Keith Hutchings says Icewater has been a success and is able to employ between 120 and 180 unionized workers.
Hutchings says the quota allocations allow the company to generate extra revenue to continue to operate and grow to meet the needs of the cod fishery. (VOCM)