On March 17, 2026, Canfor Corporation (Canfor Corp) and Canfor Pulp Products Inc. (Canfor Pulp) closed Canfor Corp’s acquisition of all issued and outstanding common shares of Canfor Pulp not already owned by Canfor Corp and its affiliates, pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia). Former Canfor Pulp shareholders were entitled to elect either 0.0425 of a Canfor Corp common share per Canfor Pulp share or $0.50 in cash per Canfor Pulp share. Canfor Corp is a global leader in high-value, low-carbon forest products, including lumber, engineered wood products, pulp and paper, wood pellets and green energy, produced from sustainably managed forests at more than 50 facilities across Canada, the United States and Europe. Canfor Pulp is a leading global supplier of pulp and paper products with operations in the northern interior of British Columbia. The Special Committee of Canfor Pulp was advised by Osler, Hoskin & Harcourt LLP, with Stifel acting as independent financial advisor and valuator. BMO Capital Markets acted as financial advisor and Lawson Lundell LLP as legal counsel to Canfor Corp.