GreenFirst Forest Products Inc. (TSE:GFP) has released an update.
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GreenFirst Forest Products Inc. faced a challenging fiscal year in 2023, reporting a net loss of $48.8 million, contrasting sharply with the previous year’s smaller loss of $4.1 million. Despite a dip in lumber prices in Q4 and ongoing pressure on newsprint prices, the company saw increased lumber demand and a beneficial reduction in US duty rates. The year also marked a strategic reorganization and the appointment of Joel Fournier as the new CEO, poised to leverage his extensive industry experience.
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