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Conifex widens Q4 loss to C$5.3M from year ago's C$0.2M, revenue up to C$35.2M from year ago's C$26.7M; Bioenergy business sales up to C$7.7M from previous year's C$0.2M, Conifex-produced lumber sales up to C$23.9M from year ago's C$22.1M

Conifex to hold Q4 2023 results conference call on March 27

Conifex Timber completes credit agreement with Wells Fargo, amends company's existing lumber business credit facility; Conifex notes higher benchmark prices, anticipates improved Q1 EBITDA after FY 2023 loss on benchmark SPF lumber prices declining 50%

Supreme Court of British Columbia declines Conifex Timber's petition challenging a province's moratorium on cryptocurrency mining projects; Conifex expresses disappointment with the ruling, believing it deprives opportunities to boost energy affordability

CIBC upgrades Conifex to neutral from underperformer and trims target to C$0.75 from C$1 after lower-than-expected Q3 results; lumber prices in 2024 expected to remain somewhat depressed, but 2025 could see sharp rebound in profitability for lumber sector

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