An anonymous director reports

VIDA TO ACQUIRE SAWMILL IN INGARP, SWEDEN

Vida AB, owned 70 per cent by Canfor Corp., will acquire a 50-million-board-foot sawmill from Ingarp Traskydd for 50 million Swedish kronor ($6-million). The sawmill has the potential for expansion to 100 million board feet and the transaction is expected to close on Oct. 3, 2023. The strategic acquisition marks a continued investment in the area around Vida's sawmills in Hjaltevad and Vimmerby.

About Canfor Corp.

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. Proudly headquartered in Vancouver, B.C., Canfor produces renewable products from sustainably managed forests, at more than 55 facilities across its diversified operating platform in Canada, the United States and Europe. The company has a 70-per-cent stake in Vida AB, Sweden's largest privately owned sawmill company, and also owns a 54.8-per-cent interest in Canfor Pulp Products Inc.

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