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Viridis Merchants secures U.S. client

March 20, 2014, Vancouver, B.C. - Viridis Energy Inc. announced today that Viridis Merchants Inc. has structured its second transaction, securing 12,000 tons of wood pellets from a producer located in the Southeast U.S. This transaction is expected to generate over $2.5 million in revenues over the 12-month period beginning April 1, 2014.


March 20, 2014
By Canadian Biomass

March 20, 2014, Vancouver, B.C. – Viridis Energy Inc. announced
today that Viridis Merchants Inc. has structured its second transaction,
securing 12,000 tons of wood pellets from a producer located in the Southeast
U.S. This transaction is expected to generate over $2.5 million in revenues
over the 12-month period beginning April 1, 2014.

 

The wood pellets are to be supplied in equal monthly
deliveries over the next 12 months to customers in the U.S. northeast market.
In addition to arranging the transaction, Viridis Merchants is providing
value-add services including logistics and marketing to the producer.

 

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Commenting on Viridis Merchant's latest transaction,
Christopher Robertson, Viridis' CEO said, "While much focus has been
placed on our international and industrial opportunities, we have developed a
large and loyal customer base in domestic home heating in the US northeast,
which has experienced double digit growth. The severe winter conditions
experienced this year have escalated interest in economically efficient, home
heating solutions. Our recently launched Viridis Merchants has been
instrumental in supplementing our production capacity with similarly high
quality products, adding thus far over 60,000 tons of additional wood pellets
to our overall product offering."


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