Tidewater Renewables Completes Asset Sale, Strengthens Finances

Tidewater Renewables Ltd. (TSE:LCFS) has released an update.

Tidewater Renewables Ltd. has successfully finalized a significant transaction with Tidewater Midstream, selling various assets for $122 million and securing a steady cash flow through the sale of BC LCFS credits until 2025. This strategic move allows the company to repay debt and lower financing costs, which is expected to bolster its balance sheet and support its renewable fuels endeavors including the HDRD Complex.

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