GreenFirst Forest Products (TSE:GFP) has released an update.
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GreenFirst Forest Products has announced a rights offering to raise up to $96.9 million, aiming to enhance productivity and future earnings through an off-cycle capital expenditure program. The company is also preparing for a spin-out of Kap Corporation shares to GreenFirst shareholders, scheduled for early November. These strategic moves are designed to bolster GreenFirst’s competitiveness and financial strength in the lumber industry.
For further insights into TSE:GFP stock, check out TipRanks’ Stock Analysis page.