GreenFirst Forest Products Inc. has secured a $30 million term loan under the Canadian federal government's Softwood Lumber Program. The financing, arranged with BMO, is intended to support the company's liquidity and ongoing operations during a period of continued market volatility in the North American lumber sector, according to GreenFirst Forest Products.
The company stated the loan enhances its financial flexibility as it navigates challenging market conditions. GreenFirst CEO Joël Fournier said the funding strengthens the balance sheet and provides important liquidity. The federal program was established to support eligible Canadian softwood lumber producers facing adverse market conditions, including reduced demand and pricing pressures.
