Brenda Bouw, THE CANADIAN PRESS
VANCOUVER – Western Forest Products Inc. (TSX:WEF) doesn’t expect a now-controversial provincial government decision that allowed it to pull tracts of private land from three publicly managed tree-farm licence areas will stop their sale.
The Duncan, B.C.-based forestry firm, which has been hammered by the depressed lumber market due to the U.S. housing crisis, is selling off property in an attempt to raise cash and stay afloat during the current industry downturn.
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