Conifex Timber Inc. faced a tough first quarter of 2026. The company reported a net loss of CAD 9.4 million, or CAD 0.23 per share.
Revenue reached CAD 21.8 million. Management emphasized that 2026 is a transition year.
Shares fell 4.35% to CAD 0.12, approaching their 52-week low.
The company aims to return to profitability by year-end. A return to two-shift operations is planned.
Negotiations for government financial support programs are ongoing.
