ICLTF News and Press, Kobex Capital Corp From 07/29/22

In Q2, we initiated a new position in GreenFirst Forest Products. While we are bullish on the primary lumber mill assets of the company, several hidden assets give downside protection should our lumber bet turn out poorly. While recent price declines in lumber hurt near-term earni...

We are long-term, patient, and active value investors. Our mission is to be responsible stewards in our clients’ financial lives. Our objective is to seek long-term growth of capital. Our thesis focuses on continued growth in software solutions. Looking at a company's norma...

The following slide deck was published by GreenFirst Forest Products Inc. in conjunction with their 2022 Q1 earnings call. For further details see: GreenFirst Forest Products Inc. 2022 Q1 - Results - Earnings Call Presentation

GreenFirst Forest Products press release (OTCPK:ICLTF): Q1 GAAP EPS of $0.18. Revenue of $172.8M, an improvement of $11.2 million or 7%, quarter-over-quarter misses by $6.37M. Q1 2022 Adjusted EBITDA was $44.9 million, an improvement of 144% compared to the Adjusted EBITDA in Q4 2021. Th...

Rayonier Advanced Materials (NYSE:RYAM) said Monday it sold ~28.7M shares of GreenFirst Forest Products (OTCPK:ICLTF) to Interfor's subsidiary for ~$43.3M. The deal contains a purchase price protection clause, whereby RYAM is entitled to participate in further stock price appreciation un...

GreenFirst Forest Products press release (OTCPK:ICLTF): Q4 GAAP EPS of $0.04. Revenue of $161.55M. Adjusted EBITDA of $18.4M. At December 31, 2021, the Company had total liquidity of $83.2M comprised of $36.2M cash on hand and $47.0M, net of $13.7M letters of credit, available under its $65.0...

GreenFirst Forest Products (OTCPK:ICLTF): Q3 GAAP EPS of -C$0.16. Revenue of C$28.9M Press Release For further details see: GreenFirst Forest Products reports Q3 results

In April, GreenFirst announced a massive deal to acquire Rayonier's lumber assets. At the time, lumber was $1,100 and rising, and the deal looked like a steal. Today, lumber prices have been cut in half, and the deal looks more questionable. Mike Mitchell, a private investor a...

GreenFirst appoints RBC as Information Agent for Rights Offering Canada NewsWire /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES / ...

Itasca Capital (ICLTF): Q1 GAAP EPS of -C$0.07.Cash balance of C$4.2M and net working capital of C$2.9M.  Press Release For further details see: Itasca Capital reports Q1 results