07:26 AM EDT, 03/17/2025 (MT Newswires) -- GreenFirst Forest Products ( ICLTF ) over the weekend said its fourth-quarter loss doubled as sales dropped due to weather-related disruptions that slowed the company's supply chain.

The company reported a fourth-quarter net loss from continuing operations of $26.6 million or $1.39 loss per diluted share, compared with a loss of $13.4 million or $0.75 per diluted share a year earlier.

Net sales from continuing operations decreased to $69.9 million compared with $73.8 million a year-ago.

"While market conditions have shown some signs of improvement, with pricing rising from an average of $606 in Q3 to $680 in Q4, we continue to navigate the external challenges facing our business, including potential tariffs on exports to the US," said GreenFirst's Chief Executive Joel Fournier.

"In addition, projects including the sale of non-core assets, such as duties and Kenora land, combined with a rights offering and the extension of the revolving portion of our credit facility, were finalized in Q4. These actions have significantly improved our liquidity and positioned us for future growth," the CEO continued.

GreenFirst also added that it expects continued curtailment of lumber production in the province of British Columbia, Quebec and some other regions of North America to have some positive support in lumber pricing.

Shares of the company closed up 0.6% to $4.4450 on Friday on the Toronto Stock Exchange.