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Acadian Timber Corp T.ADN

Alternate Symbol(s):  ACAZF

Acadian Timber Corp. is a Canada-based timberland provider in the Eastern Canada and the Northeastern United States. The Company owns and manages approximately 775,000 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: New Brunswick Timberlands, Maine Timberlands, and Environmental Solution. 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

Comment by Maxmoeon Sep 19, 2024 1:10pm
232 Views
Post# 36231349

RE:head scratcher

RE:head scratcher

noah33 wrote: this article is interesting: https://brookfield.substack.com/p/selling-assets-to-family

What exactly does the securities commission in NB even do?

Did you ask them? I spoke to them once about a different company. There are VERY FEW issuers with NB as the primary regulator. They seemed happily surprised anyone contacted them about anything when I reached out. As to your topic at hand, Jack cockwell and son, "the center of this whirlwind of loans and secret deals was Jack Cockwell and a small group of senior Edper executives" and "nicknamed the Piranha" is way beyond the reach of NB regulators. 

the deal was done so many years ago, I'm not sure what you hope to accomplish. I sold 2 years ago despite the raw land holdings greatly exceeding the market cap. Stock has done NOTHING other than occupy young cockwell's time as he awaits his ascension to the throne. So long as he doesn't screw up a chummy relationship with the irvings, I figured it would just plod along paying a modest dividend with sticky fingers in every cookie jar. Just as he was mentored.  

good luck. Reach out to the nb regulators anyway, they are nice people that will take way more time with you than the osc or the worst of all, the bcsc. 

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