or take a look at what Kona (yes THAT Kona) Cold water Lobster company did: http://konacoldlobsters.com/about_us.html

I recall being in Hawaii and seeing Kona cold water lobsters on the menu, intrigued I ask about them. Back then I was told that lobster fry were shipped from NE US to Kona, where they were then raised using the cold deep water off Kona. From the article I quoted, it appears the entire life cycle is now done at their farms.