GreenFirst Forest Products (TSE:GFP) has released an update.
GreenFirst Forest Products Inc. is set to restructure by spinning out its subsidiary, Kap Corporation, aiming to complete the process in Q4 2024. This strategic move is designed to allow GreenFirst to focus on its primary lumber production business while providing shareholders with direct ownership in the potentially lucrative future of Kap. The spin-out aligns with the company’s sustainable forest management ethos and its support for the green economy through innovative energy solutions from forest resources.
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