GreenFirst Sells Interest in Private Forest Land for $49.25 Million

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Nov 07, 2022

GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst”) is pleased to announce that its subsidiary, GreenFirst Forest Products (QC) Inc. has entered into an agreement to sell its interest in approximately 203,000 acres of private forest land (the “Property”) to Perimeter Forest Limited Partnership (“Perimeter”) for cash consideration totaling $49.25 million. The Property is located in the boreal forest south of Kapuskasing, Ontario.