March 19, 2026
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 2026. Under the new bid, the Company may purchase for cancellation up to 5,821,442 common shares of the Company (the “Shares”) or approximately 5% of the 116,428,846 Shares outstanding as of March 16, 2026, at prevailing market prices, in accordance with the rules of The Toronto Stock Exchange (the “TSX”). The Company repurchased a total of 1,870,062 Shares for cancellation from March 21, 2025 to and including March 16, 2026 under its prior bid, at a volume weighted average price of $13.7318 per Share, through the facilities of the TSX. Under its prior bid, the Company sought and was approved to purchase 5,916,775 Shares.