Acadian timber corp

Acadian Timber Corp.

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Acadian timber corp

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On February 6, , Acadian executed an agreement for the option to lease approximately 10, acres of its Maine timberlands for the purpose of the development, construction, operation, and maintenance of a solar powered electric generating facility. The agreement includes inspection, development, construction, and commercial operations terms with escalating leasing fees. The incremental cash flows attributable to the inspection and development terms are modest. However, should the project reach the construction term, which is not expected to occur for several years, the incremental cash flows may become material to Acadian. On June 8, , , voluntary carbon credits were registered on the American Carbon Registry and made available for sale under the project name Anew — Katahdin Forestry Project. The total volume of credits expected to be generated from the project over the year crediting period is 1.

Acadian timber corp

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Acadian Timber Corp. With health and safety continuing as a top focus, Acadian experienced no recordable safety incidents among employees and contractors during the second quarter. Payout Ratio is defined as dividends declared divided by Free Cash Flow.

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