Acadian Timber (TSE:ADN) has released an update.
Acadian Timber Corp. announced a significant agreement for the sale of nearly all of its registered voluntary carbon credits, with an anticipated revenue of around U.S.$14 million by Q3 2024. The project, Anew – Katahdin Forestry Project, is part of Acadian’s sustainable forestry efforts and is expected to produce an additional 1.1 million credits in the next decade. This sale marks a strategic move for Acadian, which manages over 2.4 million acres and aims to grow its business through sustainable management and asset acquisition.
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