GreenFirst Forest Products Inc. (V:GFP)
Business Focus: Forest & Wood Products (NEC)
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Insider Filings
Latest 10 SEDI filings for GFP within the last 6 months
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Company News
Apr 22, 2024 08:30 ET
GreenFirst Announces Results from Annual General and Special Meeting
GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst”) is providing the voting results for the election of its Board of Directors, which took place at the Company’s Annual General and Special Meeting which was held virtually on April 19, 2024. A total of 146,563,241 common shares were voted by proxy at the meeting representing 82.54% of the votes attached to all outstanding shares. The nominees listed in the management information circular dated March 18, 2024, were elected as directors of the Company and detailed results of the votes cast by proxy are set out below:
Apr 15, 2024 17:30 ET
GreenFirst Announces Significant Reduction in SG&A and Overhead Expenses
GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst” or the “Company”) has announced significant initiatives to reduce its selling, general, and administrative (“SG&A”) and overhead expenses to improve the Company's cost-competitiveness for the long term. Compared to 2023, on an annualized basis, the initiatives are projected to significantly decrease SG&A and overhead costs resulting in total savings of approximately $8 million, net of costs and expenses incurred to realize the savings. This represents an approximate 15% reduction in overhead personnel and 30% in savings related to SG&A c
Valuation Ratios
Industry
Sector
Beta
0.78
--
--
Price to Sales - TTM
0.30
0.66
4.45
Price to Book - most recent quarter
0.66
0.60
1.98
Price to Cash Flow per share - TTM
--
11.02
9.44
Price to Free Cash Flow per share - TTM
--
5.10
21.54
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Dec 31, 1969 | 0 | 0 |
| Dec 31, 1969 | 0 | 0 |
| Dec 31, 1969 | 0 | 0 |
Business Summary
| Sector: Basic Materials | Industry: Forest & Wood Products |
GreenFirst Forest Products Inc. is a Canada-based company, which is operating in the forest products business. The Company is focused on sustainable forest management and lumber production. The Company operates through two segments: Forest Products and Paper Products. Through its Forest Products segment, the Company manufactures and markets a range of spruce-pine-fir (SPF) lumber products for use in residential and commercial construction with by-products from production sold to pulp-producers. The Paper Products segment manufactures and markets paper grade products used to print newspapers, advertising materials, food service bags and other publications. It operates approximately four sawmills and one paper mill located in Ontario. The Company's subsidiaries include 1347 Investors LLC, 2776034 Ontario Inc. and GreenFirst Forest Products (QC) Inc.
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