GreenFirst Forest Products Inc. agreed to Spin-Off Kap Corporation on July 2, 2024. Upon completion of the spin out transaction, the shares of Kap will be held directly by the shareholders of the GreenFirst Forest Products Inc. GreenFirst will hold a shareholder meeting on September 12, 2024, where shareholders will be able to vote on the Spin-out. The Spin-out is expected to be completed in Q4 2024.