GreenFirst Forest Products (TSE:GFP) has released an update.
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GreenFirst Forest Products Inc. has announced a substantial $24 million loan to bolster the operations of its subsidiary, Kap Paper Inc., enhancing its competitive edge and supporting its strategic goals amidst operational improvements and challenging market conditions. The loan aims to provide working capital for the Eastern Ontario paper mill, which plays a critical role in supporting regional sawmill operations by utilizing their by-product chips. GreenFirst is committed to sustainable forest management and leverages its FSC-certified lands to maintain a competitive edge in the lumber industry.
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