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Canfor Corp T.CFP

Alternate Symbol(s):  CFPZF

Forest Products Lumber & Wood Production
Canfor Corporation is engaged in the manufacturing of high-value low-carbon forest products, including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets, and green energy. The Company’s segments include lumber and pulp and paper. It produces renewable products from sustainably managed forests at more than 50 facilities across its diversified operating platform in Canada, the United States, and Europe. Its dimension lumber includes Spruce Pine Fir (SPF), Southern Yellow Pine (SYP), Douglas Fir Larch (DFL), and Canfor Red. Its specialty lumber includes Balfour Boards, WynnWood Boards, Decking/Fascia, Lamstock, Long Lengths, Shop/Clears, and Access Mat Lumber. Its engineered wood products include Glulam, and Power Joist. Its pulp products are Bleached Softwood Kraft Pulp, and Unbleached Softwood Kraft Pulp. Its paper products are Bleached Kraft, Coloured Kraft, and Unbleached Kraft. It also has a biomass cogeneration facility in Grande Prairie.


TSX:CFP - Post by User

Canfor Corp
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Post by Betteryear2on Mar 19, 2024 9:50pm
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Post# 35942035

Canfor Announces Renewal of Normal Course Issuer Bid

Canfor Announces Renewal of Normal Course Issuer BidVANCOUVER, BC, March 19, 2024 /CNW/ - Canfor Corporation (TSX: CFP) ("Canfor" or the "Company") announced today that it has received regulatory approval to renew a normal course issuer bid that will expire in March, 2024. Under the new bid, the Company may purchase for cancellation up to 5,942,508 common shares of the Company (the "Shares") or approximately 5% of the 118,850,179 Shares outstanding as of March ‎15, 2024, at prevailing market prices, in accordance with the rules of The Toronto Stock Exchange (the "TSX"). The Company repurchased a total of ‎1,905,100 Shares for cancellation from March 21, 2023 to and ‎including March ‎15, 2024 under its prior bid, at a volume weighted average price of $‎18.9449 per ‎Share, through the facilities of the TSX. Under its prior ‎bid, the Company sought and was approved to purchase 6,052,978 Shares‎.  

Canfor Announces Renewal of Normal Course Issuer Bid (newswire.ca)
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