VANCOUVER, British Columbia, March 23, 2026 (GLOBE NEWSWIRE) -- Conifex Timber Inc. (“Conifex”, “we” or “us”) (TSX: CFF) today reported results for the fourth quarter and year ended December 31, 2025. EBITDA* from continuing operations was negative $12.6 million for the quarter and negative $27.5 million for the year, compared to EBITDA of negative $2.1 million in the fourth quarter of 2024 and negative $13.6 million for the year. Net loss was $35.7 million or negative $0.87 per share for the year versus ne ...

VANCOUVER, British Columbia, March 12, 2026 (GLOBE NEWSWIRE) -- Conifex Timber Inc. (“Conifex”) (TSX: CFF) announced today that it has revised the time that it plans to release its fourth quarter 2025 results to before market open on March 23, 2026. Consequently, Conifex has rescheduled its fourth quarter earnings call to 8:00 AM Pacific time / 11:00 AM Eastern time on March 23, 2026, to discuss its financial results. To participate in the call, please dial the following number: Toll-Free Access (Canada/US) ...

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Core Viewpoint - Green Impact Partners Inc. (GIP) has received an Initial Order from the Court of King's Bench of Alberta under the Companies' Creditors Arrangement Act (CCAA) to facilitate a restructuring process aimed at preserving enterprise value and maximizing outcomes for stakeholders [1][2]. Company Operations - The Initial Order allows GIP to continue its business operations while working with stakeholders on a restructuring solution [2]. - Ernst & Young Inc. has been appointed as the Monitor to oversee the restructuring process [2]. - GIP plans to evaluate alternatives, including potential recapitalization and transaction processes, while maintaining current staff and operations without interruption [2][14]. Legal Proceedings - The Initial Order includes a stay of proceedings, preventing creditors from enforcing remedies during the restructuring period [3]. - The company will continue to pay employees and operating expenses, supply customers, and maintain relationships with key suppliers during this time [14]. Company Background - GIP focuses on sustainable energy solutions, specifically renewable natural gas (RNG) and bioenergy projects, while also engaging in waste reduction and emissions lowering initiatives [6]. - The company operates facilities for water and solids treatment and recycling in Canada, as well as a solids recycling business in the United States [6].

Group 1 - Green Impact Partners Inc. (GIP) has completed a Private Placement, issuing 1,250,000 common shares at a price of $4.00 per share, with a statutory hold period of four months and one day for the securities issued [1] - The participation of certain insiders in the Financing qualifies as a "related party transaction" under Multilateral Instrument 61-101, but is exempt from formal valuation and minority shareholder approval requirements as the insiders' share subscriptions do not exceed 25% of the Company's market capitalization [1] Group 2 - Green Impact Partners is focused on creating a sustainable future by converting waste into energy, particularly through renewable natural gas (RNG) and bioenergy projects [3] - The company aims to acquire, develop, construct, and operate facilities that produce energy while also contributing to waste reduction and emissions lowering [3] - GIP has a portfolio that includes water and solids treatment and recycling facilities in Canada, as well as a solids recycling business in the United States [3]

Core Viewpoint - Green Impact Partners Inc. has announced a $5 million Private Placement at $4 per share, canceling the previously announced LIFE offering [1][2] Group 1: Private Placement Details - The Private Placement involves certain officers and directors selling an aggregate of $5 million of common shares from their personal holdings at a price of $4.00 per share, with proceeds used to purchase shares under the Private Placement [2] - The Private Placement is expected to close on December 10, 2025, or as soon as reasonably practicable thereafter, and is subject to TSX Venture Exchange approval [2] - All securities issued will be subject to a regulatory hold period of four months and one day from the closing date, and no finder's fees are involved [2] Group 2: Related Party Transaction - Participation by insiders in the Private Placement qualifies as a "related party transaction" under Multilateral Instrument 61-101, but is exempt from formal valuation and minority shareholder approval requirements as the value does not exceed 25% of the Company's market capitalization [3] Group 3: Corporate Update - The Company has amended its corporate credit facility to provide a waiver of certain events of default, contingent on meeting specific covenants and conditions, including refinancing completion [4] - GIP has executed a non-binding senior secured debenture financing term sheet with proceeds exceeding the amount owed to the corporate lender, subject to customary closing conditions [4] Group 4: Asset Sales and Future Projects - GIP is advancing documentation regarding the sale of its water recycling assets, aiming to facilitate financial closure of the Future Energy Park and the construction of a significant biofuels facility in North America [5] Group 5: Auditor Change - Deloitte LLP has resigned as the auditor, confirming no reportable events or disagreements, and the Company is in the final stages of engaging a replacement auditor for the 2025 fiscal year [6]

Core Insights - Green Impact Partners Inc. (GIP) has successfully secured subscriptions for its LIFE offering, reaching the maximum amount of $5.0 million at a price of $4.00 per share, with funding expected soon pending TSX Venture Exchange approval [1][2] Company Overview - GIP is focused on creating a sustainable future by converting waste into energy, particularly through renewable natural gas (RNG) and bioenergy projects. The company aims to develop, construct, and operate facilities that contribute to energy production, waste reduction, and emission lowering [4] Financial Developments - The company is in the process of completing a break fee transaction, replacing its senior debt, and exploring potential asset sales to facilitate the financial closure and construction start of the Future Energy Park [2] Recent Performance - GIP has filed its third quarter results, which are accessible on SEDAR+ and the company's website, indicating ongoing transparency and compliance with regulatory requirements [3]

Core Points - Green Impact Partners Inc. (GIP) plans to conduct a non-brokered private placement of common shares priced at $4.00 per share, aiming for gross proceeds between $3,000,000 and $5,000,000 [1][2] - The proceeds will be utilized for general working capital and to facilitate financial closure on the Future Energy Park project, with the offering expected to close in November 2025, pending regulatory approvals [2][4] - The offering is available to purchasers in all Canadian provinces except Quebec and certain foreign jurisdictions, under the Listed Issuer Financing Exemption [4] Company Overview - Green Impact Partners Inc. focuses on sustainable energy solutions by converting waste into energy, particularly through renewable natural gas (RNG) and bioenergy projects [6] - The company is involved in the entire project lifecycle, from development to operation, and also manages water and solids treatment and recycling facilities in Canada and the U.S. [6][7]

Core Insights - Conifex Timber Inc. reported a net loss of $16.6 million or $0.41 per share for Q3 2025, worsening from a net loss of $8.3 million or $0.20 per share in Q2 2025 and a net loss of $3.8 million or $0.09 per share in Q3 2024 [1][6][10] Financial Performance - EBITDA for Q3 2025 was negative $16.6 million, compared to negative $3.2 million in Q2 2025 and negative $3.9 million in Q3 2024 [1][10] - Total sales for Q3 2025 were $38.2 million, a decrease of 4% from Q2 2025 but an increase of 38% from Q3 2024 [3][10] - Cost of goods sold increased by 19% from Q2 2025 but decreased by 36% from Q3 2024 [11] Production and Shipments - Lumber production in Q3 2025 was approximately 38.5 million board feet, a 9% increase from Q2 2025 and a 22% increase from Q3 2024 [4][8] - Shipments of Conifex-produced lumber totaled 40.1 million board feet in Q3 2025, up 3% from Q2 2025 and up 37% from Q3 2024 [9] Bioenergy Operations - The power plant sold 47.6 GWh of electricity in Q3 2025, representing approximately 88% of targeted operating rates, an increase from 29.6 GWh in Q2 2025 and 25.9 GWh in Q3 2024 [15][16] Duty and Tariff Impacts - The company expensed countervailing and anti-dumping duty deposits of $15.3 million in Q3 2025, significantly higher than $2.0 million in Q2 2025 and $0.2 million in Q3 2024 [14] - Cumulative duties paid by the company since April 2017 amount to US$44.1 million, impacting future cash flows [28] Financial Position and Liquidity - Overall debt increased to $82.6 million as of September 30, 2025, compared to $81.6 million at June 30, 2025 [26] - Available liquidity decreased to $1.7 million from $3.0 million at June 30, 2025, primarily due to higher softwood lumber duty rates [27] Outlook - North American lumber markets are expected to face continued demand and price volatility throughout the remainder of 2025, with significant challenges from duty deposit rate increases and additional tariffs [36]

Core Viewpoint - Green Impact Partners Inc. (GIP) has successfully renegotiated terms related to a $7.5 million termination fee, allowing the company to regain control of a water and recycling operating asset, which is expected to contribute an additional $3-5 million in EBITDA [1][2]. Group 1: Financial Updates - GIP has executed a senior secured debenture financing term sheet to pay off current corporate debt and provide additional working capital [2]. - The company has amended its corporate credit facility to waive certain events of default, contingent upon meeting specific covenants and conditions [3]. Group 2: Project Developments - The Future Energy Park is highlighted as a premier biofuels development in North America, with anticipated support from the Canadian federal government, which is expected to benefit the project [4]. - GIP has settled disputes in the Colorado Joint Venture (JV) by executing an amended partnership agreement, granting GIP US exclusive management control [5]. Group 3: Company Overview - GIP focuses on sustainable energy solutions by converting waste into energy, with a portfolio that includes renewable natural gas and bioenergy projects, as well as water and solids treatment facilities [6].