Canfor Corporation

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Canfor Corporation
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Canfor Corporation
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The X-News Explorer is the ultimate source of information for investors with an affinity for the stock market who want to get a quick and convenient overview of the current news situation of a listed company. Various newswire services are available here. If a news alert is displayed, you will find company news that may be of interest to you. This service is provided by PR-Newswire.

Fri, 11.04.2025       Canfor Corporation
CA1375761048

In the news release, "Canfor Corporation Announces Annual General Meeting and Q1 2025 Results Conference Call", issued 10-Apr-2025 by Canfor Corporation over CNW, we are advised by the company that it has revised the phone number for the Q1 2025 Analyst Conference Call with Canfor Corporation (TSX:CFP) as well as the recording playback phone number, as originally issued inadvertently. The complete, corrected release follows:

Canfor Corporation Announces Annual General Meeting and Q1 2025 Results Conference Call
Thu, 10.04.2025       Canfor Corporation
CA1375761048

VANCOUVER, BC, April 10, 2025 /CNW/ - Canfor Corporation (TSX: CFP) announced the company's upcoming webcast Annual General Meeting (the "Meeting") on May 8, 2025. The Company will hold a joint analyst conference call with Canfor Pulp Products Inc. (TSX: CFX) the following day on May 9, 2025.

Event:

Canfor Corporation Annual General Meeting 2025 Webcast

When:

Thursday, May 8, 2025 at 12:00 p.m. PT

Q&As:

Registered Shareholders and proxyholders (including Non-Registered Shareholders who have duly appointed themselves as proxyholder) who attend the Meeting virtually and have properlyfollowed the instructions in their Information Circular to vote virtually at the Meeting will havean opportunity to ask questions at the Meeting during the question period.

Webcast:

Common Shareholders of Canfor Corporation can join the virtual-only format conducted via liveaudio webcast online at https://virtual-meetings.tsxtrust.com/1757

 

Instructions.

 

Registered Shareholders: Click "I have a Control Number/Meeting Access Number" and thenenter your control number and password "canforcorp2025" (case sensitive). The control numberis located on the form of proxy accompanying your Information Circular. If you use your control number to log in to the virtual Meeting, any vote you cast will revoke any proxy you previouslysubmitted. If you do not wish to revoke a previously submitted proxy, you should not vote duringthe virtual Meeting. Shareholder inquiries can be directed to 1-800-387-0825 or 416-682-3860before the AGM.

 

Duly appointed proxyholders: Proxyholders who have been duly appointed and registered with TSX Trust as described in their Information Circular will receive a control number by emailfrom TSX Trust after the proxy voting deadline has passed. Click "I have a ControlNumber/Meeting Access Number" and then enter your control number and password"canforcorp2025" (case sensitive).

 

Guests: Click "I am a Guest" and complete the online form.

 

Technical assistance.

Common Shareholders with questions regarding the virtual Meeting platform or requiring assistance accessing the meeting should visit the provider's websiteat https://www.tsxtrust.com/vagm-faq for additional information.

 

Recording playback:

The replay of the conference call will be available at canfor.com/investors.

Wed, 02.04.2025       Canfor Corporation
CA1375761048

VANCOUVER, BC, April 2, 2025 /CNW/ - Canfor Corporation (TSX: CFP) and Canfor Pulp Products Inc. (TSX: CFX) released their joint 2024 Sustainability Report today. The report describes the companies' approach to managing environmental, social and governance activities, and reports on established targets. 

Canfor President and CEO Susan Yurkovich said, "Sustainability is at the forefront of our business and we continually strive to be better at all that we do—for our planet, our people and our customers. Across our operations, our employees are implementing sustainability programs while maintaining safety, developing new renewable products, and continuing to supply high-quality, low-carbon forest products in demand around the world." 

Wed, 19.03.2025       Canfor Corporation
CA1375761048

VANCOUVER, BC, March 19, 2025 /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, 2025. Under the new bid, the Company may purchase for cancellation up to 5,916,775 common shares of the Company (the "Shares") or approximately 5% of the 118,335,510 Shares outstanding as of March ‎14, 2025, at prevailing market prices, in accordance with the rules of The Toronto Stock Exchange (the "TSX"). The Company repurchased a total of ‎464,969 Shares for cancellation from March 21, 2024, to and ‎including March ‎14, 2025 under its prior bid, at a volume weighted average price of $‎15.4936 per ‎Share, through the facilities of the TSX. Under its prior ‎bid, the Company sought and was approved to purchase 5,942,508 Shares‎.

Fri, 07.03.2025       Canfor Corporation
CA1375761048

VANCOUVER, BC, March 6, 2025 /CNW/ - Canfor Corporation ("The Company" or "Canfor") (TSX: CFP) today reported its fourth quarter of 2024 results:

Overview.

Q4 2024 operating loss of $46 million; shareholder net loss of $63 million, or $0.53 per share. Supply-driven uptick in North American lumber markets and pricing through the fourth quarter led to improved results from the Company's Western Canadian and US South operations; another quarter of solid earnings from Europe. Acquisition of an additional 7% of the outstanding shares in Vida for total consideration of $118.3 million (SEK 916.6 million).Successful start-up of the greenfield sawmill in Axis, Alabama and of the major modernization and expansion of the Urbana sawmill in Arkansas. Improved results for Canfor Pulp; relatively stable global pulp market fundamentals through most of the fourth quarter, with some positive momentum late in the period; persistent challenges associated with the availability of economic fibre in British Columbia.
Tue, 10.12.2024       Canfor Corporation
CA1375761048

VANCOUVER, BC, Dec. 10, 2024 /CNW/ - Canfor Corporation (TSX: CFP) announced that it has acquired 7% of outstanding shares of VIDA AB effective today.

The shares were acquired from certain minority shareholders utilizing their option privileges under the February 2019 agreement in which Canfor purchased 70% of VIDA AB, Sweden's largest privately owned sawmill company. After concluding this transaction, Canfor owns 77% of VIDA AB.

Fri, 25.10.2024       Canfor Corporation
CA1375761048

VANCOUVER, BC, Oct. 25, 2024 /CNW/ - Canfor Corporation ("The Company" or "Canfor") (TSX: CFP) today reported its third quarter of 2024 results:

Overview.

Q3 2024 operating loss of $560 million, including a $311 million asset write-down and impairment charge as well as other one-time items1; shareholder net loss of $350 million, or $2.96 per share.After taking into consideration adjusting and one-time items1, Q3 2024 operating loss of $139 million, compared to a similarly adjusted operating loss of $135 million in Q2 2024.Persistent pressure on North American lumber markets and pricing, especially in US South; positive results from Alberta and Europe.Ongoing North American lumber market weakness, high duties and persistent challenges accessing economic fibre led to the announcement of sawmill closures in British Columbia and, as a result, an asset write-down and impairment charge of $100 million in the lumber segment.Proceeds of $314 million received in relation to duty deposits loan agreement.Modest improvement in NBSK pulp unit sales realizations driven by steady North American pulp pricing through most of the third quarter and favourable timing lag in shipments, despite weak demand in China; fibre-driven asset write-down and impairment charge of $211 million in the pulp segment.
Fri, 27.09.2024       Canfor Corporation
CA1375761048

VANCOUVER, BC, Sept. 27, 2024 /CNW/ - Canfor Corporation (TSX:CFP) announced today that it and certain of its subsidiaries (collectively, "Canfor") have entered into an approximately USD$315 million loan agreement with an affiliate of Farallon Capital Management, L.L.C. and received all advances thereunder, totaling approximately US$232 million. The loan is secured by certain accounts receivable related to countervailing and anti-dumping duties paid to the US government. The borrowings under the loan have terms of four and eight years, and each can be extended at Canfor's option for two additional ten-year terms.

Tue, 24.09.2024       Canfor Corporation
CA1375761048

VANCOUVER, BC, Sept. 23, 2024 /CNW/ - Canfor Corporation (TSX: CFP) will hold a joint analyst conference call with Canfor Pulp Products Inc. (TSX: CFX) on Monday, October 28, 2024 to discuss their respective Q3 2024 financial and operating results.

When:

Monday, October 28, 2024 at 8:00 a.m. PT

Call details:

1-888-510-2154 (Toll-free North America)

Please ask to participate in Canfor's third quarter call.

Listen live at canfor.com/investor-relations/webcasts, select Online Log In.

Presentation material referenced during the conference call will be available the morning of the call at canfor.com/investor-relations/presentations.

Following management's discussion of the quarterly results, the analyst and investment community will be invited to ask questions. Media are invited to attend on a listen-only basis.

Recording playback:

The replay of the conference call will be available until November 11, 2024.

canfor.com/investor-relations/webcasts

1-888-660-6345 Passcode 89443 #

Thu, 12.09.2024       Canfor Corporation
CA1375761048

VANCOUVER, BC, Sept. 12, 2024 /CNW/ - As indicated in its September 4 announcement of the closure of the Plateau and Fort St. John operations, Canfor Corporation (TSX: CFP) remains committed to exploring opportunities to divest some of its northern BC tenure to support other BC manufacturers who are facing similar challenges accessing economic fibre to support their operations. 

The Company has received indications of interest from several parties and will be considering options and engaging in discussions as appropriate. As per normal business practice, further public disclosure will follow only if and when there is a material event to disclose.

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