Solid Performance in New Brunswick
New Brunswick operations delivered solid results with increased timber sales volumes driven by strong demand for softwood sawlogs and increased harvesting capacity. Sales volume, excluding biomass, increased 4% compared to the prior year period.
Biomass Volume and Pricing Increase
Biomass volumes doubled and pricing increased 68% due to changes in product mix.
Strong Financial Position
Acadian maintained a strong financial position with a net liquidity of $15.1 million, including cash balances and undrawn revolving credit facilities.