08:47 AM EST, 12/16/2024 (MT Newswires) -- GreenFirst Forest Products ( ICLTF ) on Monday said it has sold interest in 118 acres of private forest land to Kenora Chiefs Advisory (KCA) for $5 million. The property is located within the City of Kenora, Ontario.

"We are delighted to have finalized this transaction with KCA," said Joel Fournier, GreenFirst CEO. "This sale will enable KCA to pursue long-term development opportunities on the Property while unlocking significant value for GreenFirst shareholders."

The transaction closed on Dec. 6.