|Bid||3.36 x 0|
|Ask||3.49 x 0|
|Day's Range||3.25 - 3.36|
|52 Week Range||2.91 - 8.49|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 18, 2017 - May 19, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.00|
VANCOUVER, Jan. 29, 2018 /CNW/ - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) (OTCQX:FTPLF) is announcing that it has changed its name to "Fortress Global Enterprises Inc.", effective January 29, 2018, in order to better reflect its existing business and future prospects. Chadwick Wasilenkoff, Chief Executive Officer of the Company, stated: "We are pleased to change the name of the Company to Fortress Global Enterprises Inc. to align our focus on global investment opportunities. The Company's common shares are expected to commence trading on the Toronto Stock Exchange (the "TSX") under the new symbol "FGE" on or about February 1, 2018.
VANCOUVER, Dec. 29, 2017 /CNW/ - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) (OTCQX:FTPLF) reports that its wholly-owned subsidiary, Fortress Specialty Cellulose Inc. ("FSC"), has entered into a credit agreement with a private arm's length lender, who will provide a secured revolving credit facility in the principal amount of up to US$5 million to FSC, subject to certain borrowing base restrictions (the "Loan"). Fortress Paper operates its dissolving pulp business at the Fortress Specialty Cellulose Mill located in Canada, which has expanded into the renewable energy generation sector with the construction of a cogeneration facility. This news release contains certain forward-looking information that reflects the current views and/or expectations of the Company with respect to its expectations, beliefs, assumptions, estimates, and forecasts about its business and the industry and markets in which it operates.
VANCOUVER, Dec. 20, 2017 /CNW/ - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) (OTCQX:FTPLF) reports that its wholly owned subsidiary, Fortress Security Papers AG ("FSP"), has entered into and completed a share purchase agreement with the Swiss National Bank ("SNB") and Orell Füssli Holding AG ("OF"), pursuant to which the Company sold the two legal entities representing their security paper products business comprised of all of the shares of its wholly owned subsidiaries, Landqart AG and Landqart Management and Services AG (collectively, "Landqart"), to SNB and OF for an aggregate purchase price of CHF21,500,000 (approximately CDN$28 million).
VANCOUVER , Nov. 9, 2017 /CNW/ - Third Quarter 2017 Consolidated Results Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) (OTCQX:FTPLF) reported 2017 third quarter ...
VANCOUVER, Nov. 2, 2017 /CNW/ - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) (OTCQX:FTPLF) announces that its wholly-owned subsidiary, Landqart AG, has received notices from one of its significant international customers cancelling that portion of purchase orders which were scheduled for production and delivery by the Landqart Mill in the fourth quarter of 2017 and in fiscal 2018. The cancelled purchase orders represent approximately 16% of the budgeted order book at the Landqart Mill for fiscal 2017 and 30% for fiscal 2018. Despite other suppliers experiencing similar cancellations, Landqart continues to have dialogue with the customer to potentially reinstate all or a portion of the cancelled orders over an extended period of time within fiscal 2018.
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VANCOUVER, Oct. 10, 2017 /CNW/ - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) (OTCQX:FTPLF) is pleased to announce that the Fortress Specialty Cellulose Mill (the "FSC Mill") restarted on October 6, 2017, three days earlier than previously announced in its September 27, 2017 news release. Mr. Giovanni Iadeluca, President of the FSC Mill, commented: "We wish to thank our team at the FSC Mill for their tireless efforts in resolving the system failure and achieving a restart three days earlier than originally anticipated.