GreenFirst Forest Products Inc (TSX:GFP)
C$ 0.53 -0.04 (-7.02%) Market Cap: 94.11 Mil Enterprise Value: 142.13 Mil PE Ratio: 0 PB Ratio: 0.56 GF Score: 31/100
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Q1 2023 GreenFirst Forest Products Inc Earnings Call Transcript

May 16, 2023 / 12:30PM GMT
Release Date Price: C$1.31 (-5.76%)
Paul Rivett
GreenFirst Forest Products Inc. - Interim CEO & Executive Chairman

-- and Chair of the Board of GreenFirst. Joined with me today are Michel Lessard, our President; Alfred Colas, our Chief Financial Officer; and of course, Gwen Webster, our Chief of Staff.

As a quick overview of our company, we are now exclusively based in Ontario. With four sawmills located in the heart of the province with approximately 2.5 million cubic meters of annual allowable fiber allocation. We directly employ approximately 1,000 people.

If you would like to learn more about our corporate vision and strategy, please see the CEO letter filed earlier this year on SEDAR, and on our website at greenfirst.ca.

Now for our first quarter highlights. Despite the currently low lumber price environment, we have several positive highlights to report on this quarter. First, on March 14, we sold both our Quebec sawmills in Bearn and La Sarre, along with related forestry operations for approximately $94 million, subject to final adjustments. This sale allows us to focus our efforts in Ontario and

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