Greenfirst Forest Products Inc T.GFP

Alternate Symbol(s): ICLTF

GreenFirst Forest Products Inc. is focused on sustainable forest management and lumber production. The Company’s business involves the manufacturing, selling, marketing and distributing lumber and paper products. The Company operates in two segments: Forest Products and Paper Products. Through its Forest Products segment, the Company manufactures and markets a wide range of spruce-pine-fir (SPF) lumber products for use in residential and commercial construction with by-products from production sold to pulp-producers and the Company’s Paper Products segment. The Paper Products segment manufactures and markets paper grade products used to print newspapers, advertising materials, food service bags and other publications. The Company owns four sawmills located in rich wood baskets operating over six million hectares of FSC certified public Ontario forest lands (FSC-C167905). Its subsidiaries include Kap Corporation, Kap Paper Inc., GreenFirst Forest Products (Ontario) Inc., and others.

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Greenfirst Forest Products Inc > Reality

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Comment by Apaulsonon Jun 14, 2024 7:17am

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Post# 36088674

RE:RE:RE:RE:RE:Reality

Then calculate what you think their daily burn rate is.

Maybe you should review their liquidity position. As of May 14, 2024, they had $12mm remaining on a ABL loan and $9.7mm remaining on an equipment financing credit facility.....and that's it.

Q2 is shaping up to be much worse than Q1, so how much cash do you think they'll have at the end of June (I estimated $10mm at most) and by end of July unless they raise cash elsewhere, they'll be out of cash.

This is why they're desparately trying to selling their Kenora property.

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