The monitor for the San Group of companies has been granted broader powers by the Supreme Court of B.C. to manage and make decisions about the financially troubled forestry company, which has operations in Port Alberni.
The various parties are expected to be back in court to ask for approval for a sale and investment solicitation process, said Deloitte, adding it has started talks with the company but does not yet have enough information. Its Acorn sawmill and plant in Delta is not operating because of a large fire in April. Insurance coverage for the fire is under discussion with the insurance company and San Group. The company leases the Acorn site and also has a lease agreement with the Alberni Port Authority.
There is a need “for more control of the petitioners’ operations and the need for more accurate and timely information from the petitioners,” the report said.