Canfor, a global leader in the manufacturing of high-value low-carbon forest products, has announced the renewal of its normal course issuer bid. The new bid is scheduled to commence on March 23, 2026, and will continue until March 22, 2027, unless completed or terminated earlier. The company believes that repurchasing its shares under this program represents an effective use of its financial resources and aligns with the best interests of the company.

Share Repurchase Strategy

Canfor has entered into an automatic share purchase plan with a broker to facilitate the repurchase of shares under the renewed normal course issuer bid. The purchases will be made at the discretion of the company at prevailing market prices through the Toronto Stock Exchange (TSX), other designated exchanges, and/or Canadian alternative trading systems. The company will comply with all regulatory requirements during the repurchase process.

Daily purchases will be restricted to no more than 48,204 shares, which represents 25% of the 192,816 average daily trading volume of the shares on the TSX for the six-month period ending February 27, 2026. This limit is subject to certain prescribed exemptions. However, there is no assurance as to the precise number of shares that will be repurchased under the share repurchase program. The company may discontinue its purchases at any time, provided it complies with applicable regulatory requirements.

All shares acquired under the issuer bid will be held for cancellation. Canfor’s management stated that the repurchase program is part of a broader strategy to improve the company’s capital structure and enhance shareholder value. The company will evaluate its financial position and market conditions continuously throughout the bid period.

Forward-Looking Statements

Certain statements in the press release are forward-looking, involving risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Words such as ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘plans,’ ‘will,’ ‘believes,’ ‘seeks,’ ‘estimates,’ ‘should,’ ‘may,’ and ‘could’ are used to identify such forward-looking statements. These statements are based on the company’s current expectations and beliefs, and actual results may differ significantly.

The company emphasizes that there are many factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements. These include economic conditions, market demand, regulatory changes, and other factors beyond the company’s control. Canfor does not assume any obligation to update such information to reflect later events or developments, except as required by law.

Company Overview

Canfor is a global leader in the manufacturing of high-value low-carbon forest products, including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets, and green energy. Based in Vancouver, British Columbia, the company operates more than 50 facilities across Canada, the United States, and Europe. Canfor has a 77% stake in Vida AB, Sweden’s largest privately owned sawmill company, and owns a 100% interest in Canfor Pulp Products Inc.

The company’s shares are traded on the Toronto Stock Exchange under the symbol CFP. Canfor’s business model is built on sustainable forest management, ensuring that its products are derived from renewable resources. The company has been a key player in the forest products industry for decades, adapting to market changes and environmental challenges.

Canfor’s decision to renew its normal course issuer bid is consistent with its long-term strategy to maintain a strong financial position and support its growth initiatives. The repurchase program is expected to provide flexibility in capital allocation and help the company manage its share count effectively.

The renewed normal course issuer bid is not the first of its kind for Canfor. The company has previously executed similar repurchase programs in the past, indicating a consistent approach to capital management. Analysts note that such programs are often used by companies to signal confidence in their stock price and to return value to shareholders.

As the bid approaches its start date in March 2026, investors and analysts will be closely watching how the program unfolds. The success of the repurchase will depend on market conditions, the company’s financial health, and regulatory compliance. Canfor’s management will provide updates on the program’s progress as needed.

Canfor’s renewed normal course issuer bid is expected to have a positive impact on its capital structure, potentially improving financial metrics such as earnings per share and return on equity. The company’s ability to repurchase shares at favorable prices will be a key factor in determining the program’s effectiveness.

With the global economy continuing to evolve, Canfor’s repurchase program is part of a broader strategy to remain competitive and resilient in the face of market uncertainties. The company’s focus on sustainability and innovation is expected to drive long-term value for shareholders and stakeholders alike.