Canfor sells Fort Nelson forest tenure to wood pellet producer
Canfor will sell its forest tenure in the Fort Nelson region of British Columbia to the wood pellet company that purchased Canfor’s Fort Nelson mill assets in the third quarter of 2020. On Nov. 17, Canfor announced it has reached multi-year $30-million agreements for the sale of the forest tenure to Peak Renewables. The transactions are subject to customary closing conditions, including approval from the B.C. Minister of Forests. Closing is expected to occur in the first quarter of 2021. “I am pleased to have reached an agreement to sell ...
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