March 19, 2025
Vancouver, BC - Canfor Corporation (TSX:CFP) (“Canfor” or the “Company”) announced today that it has received regulatory approval to renew a normal course issuer bid that will expire in March 2025. Under the new bid, the Company may purchase for cancellation up to 5,916,775 common shares of the Company (the “Shares”) or approximately 5% of the 118,335,510 Shares outstanding as of March 14, 2025, at prevailing market prices, in accordance with the rules of The Toronto Stock Exchange (the “TSX”). The Company repurchased a total of 464,969 Shares for cancellation from March 21, 2024, to and including March 14, 2025, under its prior bid, at a volume-weighted average price of $15.4936 per share, through the facilities of the TSX. Under its prior bid, the Company sought and was approved to purchase 5,942,508 Shares.