Black Diamond (TSE:BDI) has released an update.
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Black Diamond Group Limited has expanded its Modular Space Solutions in Western Canada with the acquisition of 329 space rental units and ancillary assets in Kitimat, British Columbia, for $20.45 million in cash. This strategic asset purchase, funded through the company’s asset-based lending facility, is poised to bolster rental revenue growth and service the robust demand in the region. Furthermore, Black Diamond has entered into a collaborative agreement with Gitxaala Enterprises, signaling a commitment to future projects within the Gitxaala Nation’s territories.
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