Acadian Timber (TSE:ADN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Acadian Timber Corp. has expanded its timberland holdings with the purchase of 16,000 acres in New Brunswick, aiming to enhance long-term shareholder value and explore diverse revenue streams. Financed through their credit facility, the $9.0 million acquisition complements Acadian’s existing operations and customer base, allowing for increased harvesting and land use activities. With this acquisition, Acadian continues to grow as one of the leading timberland owners in Eastern Canada and the Northeastern U.S., managing over 2.4 million acres of land.
For further insights into TSE:ADN stock, check out TipRanks’ Stock Analysis page.