GreenFirst Forestry sees stock surge by more than 150% following major acquisition

Logs are piled up in B.C. in 2018. GreenFirst Forest Products incoming director and CEO Rick Doman said he saw potential in the eastern mills as a result of the impact of the mountain pine beetle on B.C.’s lumber industry. Darryl Dyck / The Canadian Press

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GreenFirst Forest Products Inc., a Vancouver-based company with expertise in restructuring sawmills, saw its stock surge by more than 150 per cent on its first day of trading after announcing a major acquisition.

The stock opened at $4.29 on Wednesday and closed at $8.01.

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Source: The Peterborough Examiner

 

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