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Dec 23, 2022

GreenFirst Divests Some Quebec Operations

GreenFirst Forest Products Inc. intends to sell its La Sarre and Béarn, QC, sawmills and its Abitibi and Témiscamingue, QC, forestry operations, as well as related assets and business operations, to Chantiers Chibougamau Ltée., a Quebec-based, family-controlled forestry company. GreenFirst plans to use the net proceeds from the sale to strengthen its balance sheet and continue investing in its Ontario operations. The sale of the Quebec assets is expected to close in the first quarter of 2023.

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