Latest news for Conifex Timber (OTC:CFXTF) Stock

Conifex Timber Inc is a Canada-based forestry company. It operates through two segments: Lumber and Bioenergy. The main activities of the lumbar segment include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing. The firm's primary activities in the bioenergy segment are the generation of electrical power and the development of other opportunities in bioenergy and bioproducts which are complementary to the company's harvesting and manufacturing operations. The firm's main activities areas are the United States, Chinese, Canadian and Japanese markets. The revenues are generated from lumber in the United States of America.

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CONIFEX TIMBER INC by Conifex Timber Inc.

Conifex Timber Inc

On Tuesday, Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) CEO Brian Niccol issued a letter stating that the company and Workers United <a target="_blank" href="https://one.starbucks.com/negotiations/starbucks-reaffirms-commitment-to-advancing-the-path-forward-with-workers-united/" rel="noreferrer noopener">bargaining </a>delegates are working to create a framework for single-store contracts.
The CEO said that &#8220;I appreciate your positive feedback that our relationship &#8211; the relationship between the company and Workers United &#8211; is grounded in good faith and professionalism, and I am pleased that we are making meaningful progress towards our shared goals.&#8221;
&#8220;I&#8217;ve been clear that my goal is to make Starbucks the best place to work for every partner, in every store. This means creating a great work environment, offering strong career opportunities and providing a clear path to growth.&#8221;
&#8220;I deeply respect the right of partners to choose, through a fair and democratic process, to be represented by a union. If our partners choose to be represented, I am committed to making sure we engage constructively and in good faith with the union and the partners it represents.&#8221;
In April, the U.S. Supreme Court stated that they would hear a challenge from&nbsp;Starbucks against the National Labor Relations Board&#8217;s decision to reinstate fired baristas <a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38381359/us-supreme-court-to-weigh-starbucks-challenge-over-fired-baristas" rel="noreferrer noopener">who were organizing a union</a>.
In June, the U.S. Supreme Court reportedly sided with Starbucks&nbsp;in a significant ruling related to the reinstatement of seven Memphis employees who were dismissed&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/unions" rel="noreferrer noopener">amid unionization efforts.</a>
Starbucks has experienced falling sales for two consecutive quarters. Customers have complained about high prices, slow app orders, and subpar food options.
The company has also faced union organizing efforts due to dissatisfaction with working conditions, pay, and benefits.
This month, Starbucks&#8217; CEO announced plans to return the company to its <a target="_blank" href="https://www.benzinga.com/news/24/09/40809142/brian-niccol-outlines-vision-to-reconnect-starbucks-with-community-coffeehouse-roots-on-his-2nd-day" rel="noreferrer noopener">roots as a community coffeehouse</a>.
Niccol emphasized the need for comfortable seating and a clear distinction between &#8220;to-go&#8221; and &#8220;for-here&#8221; services. He acknowledged that the company has drifted from its core values and is committed to enhancing the in-store experience.
Investors can gain exposure to the stock via&nbsp;Opal Dividend Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIVZ#NYSE">DIVZ</a>) and Global X Millennial Consumer ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MILN#NASDAQ">MILN</a>).
Price Action: SBUX shares are down 0.16% at $94.30 premarket at the last check Wednesday.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/asia/24/09/41020501/starbucks-is-serving-classy-afternoon-tea-in-tokyo-and-its-not-a-cheap-affair" target="_blank" rel="noreferrer noopener">Starbucks Is Serving Classy Afternoon Tea In Tokyo And Its Not A Cheap Affair</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Friday, October 11, 2019

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