GreenFirst Forest Products Subsidiary Sells 203,000 Acres of Private Forestland to Perimeter Forest
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GreenFirst Sells Interest in Private Forest Land for $49.25 Million
GreenFirst Sells Interest in Private Forest Land for $49.25 Million
GreenFirst Forest Products, a significant lumber producer in Canada, announced on Monday (11-7-22) that its subsidiary, GreenFirst Forest Products (QC) Inc, has entered into an agreement to sell its interest in approximately 203,000 acres of private forestland to Perimeter Forest Limited Partnership for a cash consideration totaling $49.25 million (CAD). The private forestland is located in the boreal forest south of Kapuskasing, Ontario.
GreenFirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production. The company owns 7 sawmills and 1 paper mill across Ontario and Quebec.
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