Review of Acadian Timber Corp.

JUL 16, 2024 - ADN sales volumes have begun to rebound, and management has been executing on improving contractor availability, an issue that has been an overhang on the name for some time now. Its recent financial results were fairly strong, and with the sale of its carbon credits, we feel this helps to diversify its operations, as well as support its currently relatively cheap valuation multiples. Given a generally positive outlook in the lumber industry, we are maintaining our rating at ‘B’.