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Acadian Timber Corp T.ADN

Alternate Symbol(s):  ACAZF

Forest Products Lumber & Wood Production
Acadian Timber Corp. is a Canada-based timberland provider in the Eastern Canada and the Northeastern United States. The Company owns and manages approximately 777,000 acres of freehold timberlands in New Brunswick (New Brunswick Timberlands or NB Timberlands), approximately 300,000 acres of freehold timberlands in Maine (Maine Timberlands) and provides timber services, which include approximately 1.3 million acres of Crown licensed timberlands in New Brunswick. The Company operates through three segments: NB Timberlands, Maine Timberlands and Corporate. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. It sells its products to approximately 90 regional customers. The Company also develops carbon credits for sale in voluntary carbon credit markets. The Company has approximately 2.4 million acres of land under management.


TSX:ADN - Post by User

Acadian Timber Corp
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Comment by duncan0on Aug 21, 2019 9:16am
363 Views
Post# 30049778

RE:RE:No more Brookfield ownership

RE:RE:No more Brookfield ownershipThe buyer, Macer Forest Holdings doesn't appear to have any public information available about it. I'm guessing its a new corp set up just for this transaction. The new director is also the CEO of a TSX penny stock. Neither of these things spell out bad times for Acadian necessarily, but loosing Brookfield is worrying. I'm guessing the stock drops.
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