Acadian Timber’s Profitable Q1 Bolstered by Carbon Credit Sales

Acadian Timber (TSE:ADN) has released an update.

Acadian Timber Corp. has reported a strong start to 2024 with their first significant sale of carbon credits, a renewable energy lease option, and the purchase of additional timberlands. The company saw a surge in their first-quarter financials, with Adjusted EBITDA reaching $10.6 million, and Free Cash Flow doubling to $7.8 million, supporting a dividend payout of $0.29 per share. Safety remains a top priority with a good record this quarter, and further carbon credit sales are anticipated before Q3 of 2024.

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