B.C. First Nation Buys Major Sunshine Coast Forestry Operation in $80M Deal
The deal gives the nation control of 469,200 cubic metres of annual timber harvest and includes a long-term fibre supply agreement with Western Forest Products.
- On Tuesday, Tla'amin Nation acquired 100% ownership of the Stillwater Forest Operation from Western Forest Products for about $80 million. The deal transfers the major forestry operation near Powell River, B.C., to the First Nation.
- The Canada Indigenous Loan Guarantee Corp provided a $64 million loan guarantee supporting the Nation in the transaction. President Kristan Straub noted that access to affordable capital has historically been a barrier for Indigenous communities seeking greater ownership stakes.
- Spanning about 1,540 square kilometres on Tla'amin traditional territory, the operation will manage an annual allowable cut of 469,200 cubic metres. The Nation and Western established a long-term fibre supply agreement to support the company's coastal B.C. manufacturing.
- Adam Culos, vice-president of forestry at Thichum Forest Products, called the deal a "significant moment" for the region. Kristan Straub said the purchase puts the Nation "in the driver's seat of a major forestry operation," strengthening its economic future.
- Western Forest Products President Steven Hofer stated the transaction recognizes the Nation's unique history and values. The agreement adds certainty and stability for the company as it transitions to higher-value product manufacturing, Hofer noted.
19 Articles
19 Articles
Major Sunshine Coast forestry operation bought for $80M by Tla'amin Nation
A statement says the Tla'amin Nation's forestry arm has acquired a 100 per cent ownership interest in the Stillwater Forest Operation near Powell River, B.C., for about $80 million after adjustments.
The Toronto Star
B.C. First Nation buys major Sunshine Coast forestry operation in $80M deal
POWELL RIVER - Western Forest Products and the Tla'amin Nation say they have completed a deal that transfers ownership of a major forestry operation to the First Nation.
NiagaraFallsReview.ca
Western Forest Products and Tla’amin Nation Complete Sale of Stillwater Forest Operation
TLA'AMIN TERRITORY, Nov. 03, 2026 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western”) and Qwoqwnes Forestry Holdings Limited Partnership, an entity beneficially owned and controlled by Tla’amin Nation (“Qwoqwnes”), announced today the completion of a previously announced agreement…
A First Nation will become the full owner of a large logging operation in its traditional territories.
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