GreenFirst Forest Products (TSE:GFP) has released an update.
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GreenFirst Forest Products has entered into a strategic agreement with Mahogany Investors to sell its entitlements to refunds related to duties on softwood lumber exports to the U.S. for approximately $17.5 million USD. This move is part of GreenFirst’s plan to strengthen its financial position and support its strategic growth initiatives, including becoming the largest sawyer in Ontario.
For further insights into TSE:GFP stock, check out TipRanks’ Stock Analysis page.
