Western Forest Products and the Huu-ay-aht First Nation have finalized a deal for a seven per cent stake in a Port Alberni forest operation, which includes Tree Farm Licence 44.
The deal, worth $7.2 million, is being hailed as a step toward reconciliation and revitalization of the Alberni Valley forest sector. article continues below
The deal includes opportunities for increased participation of area First Nations through tenure ownership, employment and business opportunities, sustained domestic manufacturing, increased training, effective marketing and value-added product innovation, and strong environmental stewardship.
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