GreenFirst Forest Products Inc. (ICLTF) Q2 2023 Earnings Call Transcript


GreenFirst Forest Products Inc. (OTCPK:ICLTF) Q2 2023 Earnings Conference Call August 10, 2023 8:30 AM ET

Company Participants

Paul Rivett – Executive Chairman and Interim Chief Executive Officer

Alfred Colas – Chief Financial Officer

Michel Lessard – President

Conference Call Participants

Operator

Good morning, ladies and gentlemen, and welcome to GreenFirst Second Quarter 2023 Results Conference Call. Please note that all lines are muted to prevent any background noise.

During this conference call, GreenFirst representatives will be making certain statements about future financial and operational performance, business outlooks and capital plans. These statements may contain forward-looking information or forward-looking statements within the meaning of Canadian Securities Law. Such statements involve certain risks, uncertainties and assumptions, which may cause GreenFirst’s actual or future results and performance to be materially different from those expressed or implied in these statements. Additional information about these risks, factors, and assumptions is included in GreenFirst’s MD&A, which can be accessed on the company’s website or through SEDAR+. After the speaker’s remarks, there will be a question-and-answer session.

I would now like to turn the conference over to Paul Rivett. Please go ahead, Sir.

Paul Rivett

Thank you very much, Sylvie. Good morning, everyone, and thank you for joining our second quarter call. I am Paul Revett, as Sylvie said, the Chair and Interim CEO of GreenFirst. Joined with me today are Michel Lessard, our President; Alfred Colas, our Chief Financial Officer and Gwen Webster, our Chief of Staff.

By way of a quick overview of our company, we are now exclusively based in Canada with our four sawmills all centrally located in the heart of the Province of Ontario, with approximately 2.5 million cubic metres of allowable annual fibre allocation. We directly employ over 1,000 people, and now having a smaller, concentrated footprint, that allows us to focus on maximizing our production



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