Ms. Susan Yurkovich reports

CANFOR COMPLETES ACQUISITION OF CALGARY-BASED PINKWOOD LTD.

Canfor Corp. has completed the acquisition of PinkWood Ltd., Western Canada's largest I-joist facility based in Calgary, Alta. The acquisition, announced on June 9, 2026, complements Canfor's existing operations in Alberta and British Columbia.

"We're excited to welcome the PinkWood operation, its management team and its employees to the Canfor family," said Susan Yurkovich, president and chief executive officer of Canfor. "The acquisition represents a strong strategic fit for both companies and supports the continued growth of Canfor's value-added manufacturing capabilities."

PinkWood will retain its name and operate as a wholly owned subsidiary of Canfor. The operation will add 120 employees, and 46 million linear feet of annual I-joist production capacity.

About Canfor Corp.

Canfor is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets, and green energy. Proudly headquartered in Vancouver, B.C., Canfor produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. The company has a 77-per-cent stake in Vida AB, Sweden's largest privately owned sawmill company. Canfor shares are traded on the Toronto Stock Exchange under the symbol CFP.