Acadian Timber (TSE:ADN) has released an update.
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Acadian Timber reported steady harvest volumes in the third quarter, but faced pricing pressure from weak end user markets, resulting in a slight decrease in sales to $26.0 million. The company is focusing on real estate activities to maximize cash flows and has invested in renewable energy opportunities. Despite a decline in Adjusted EBITDA and Free Cash Flow compared to last year, Acadian maintains its commitment to safety and strategic asset management.
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