EDMUNDSTON, New Brunswick – Acadian Timber reported financial and operating results for the three months ended June 29, 2024. “The agreement reached during the first quarter to sell nearly all of our registered carbon credits was fulfilled during Q2 and resulted in record quarterly Adjusted EBITDA and Free Cash Flow,” said Adam Sheparski, CEO. Adjusted EBITDA for the quarter was $20.6 million, compared to $5.7 million in the same period of 2023. …An agreement was reached during the first quarter of 2024 to sell approximately 752,100 of Acadian’s registered voluntary carbon credits, which relate to the first reporting period of its ongoing carbon credit project in Maine. Acadian delivered 152,100 of these credits in March. The remaining 600,000 credits were delivered in May and are included in our second quarter results. Acadian’s project requires balancing harvest and growth.