GreenFirst Achieves Remarkable Milestone: Breaking 19 Production Records in the First Quarter of 2024

TORONTO, April 30, 2024--(BUSINESS WIRE)--GreenFirst Forest Products Inc. (TSX: GFP) ("GreenFirst" or the "Company") proudly announces significant operational achievements across its sawmill division. During the first quarter of 2024, 19 new production records were established across GreenFirst’s sawmills.

With unwavering dedication and relentless commitment to excellence, GreenFirst employees demonstrated their ability to surpass industry standards and deliver record-breaking positive results. Of the 19 production records broken in the first quarter of 2024, the Kapuskasing sawmill achieved its highest-ever Q1 production record. Additionally, the Chapleau sawmill surpassed both its monthly and multi-week production records, further highlighting the Company’s relentless pursuit of innovation and operational efficiency.

"While we don’t control the lumber market, we do control our operating metrics, and we want to reassure shareholders that what we control is trending in the right direction. We remain focused on the future and have finished drafting our strategic plan which we will share in Q2. We will continue to work hard and continuously improve to achieve our goals," stated Joel Fournier, GreenFirst’s CEO.

The production records broken in the first quarter of this year highlight GreenFirst’s ability to enhance operations while still driving down costs. With a focus on maximizing productivity while maintaining the highest standards of quality and safety, the Company continues to set new benchmarks for success.

As we look ahead to the rest of the year, GreenFirst remains committed to driving innovation, fostering a culture of excellence, and delivering measurable value to our customers, employees and shareholders.

GreenFirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production. The Company owns four sawmills located in rich wood baskets proudly operating over 6.1 million hectares of FSC® certified public Ontario forestlands (FSC®-C167905). The Company believes that responsible forest practices, coupled with the long-term green advantage of lumber, provides GreenFirst with significant cyclical and secular advantages in building products.

For more information, please visit: www.greenfirst.ca or contact Investor Relations (416) 775 2821.

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Contacts

Investor Relations
(416) 775 2821