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GreenFirst Forest Products Inc ICLTF


Primary Symbol: T.GFP

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.


TSX:GFP - Post by User

Post by Possibleidiot01on Aug 01, 2023 7:06am
220 Views
Post# 35566336

Found money

Found money The net effect of the US DOC’s decision has resulted in a reduction in GreenFirst’s earnings and a corresponding overpayment of softwood lumber duties in relation to other Canadian exporters. We believe the amount of the overpayment up to the end of June is approximately US$21 million; however, at this time we are not certain when this reimbursement may occur.

Overassessed in the first place ; "Since August 28, 2021, upon the acquisition by GreenFirst of the Rayonier sawmills, the US DOC assessed GreenFirst’s duty deposit rate on softwood lumber imports to the United States at a significantly higher rate than its Canadian peers."

Still this is money the company will have back .

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