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.
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.
For further insights into TSE:ADN stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money