JEWETT CAMERON TRADING CO LTD
Filing Date: 2024-07-15
TL;DR
- 📉 Sales Drop: Revenue decreased by 14% to $33.9 million.
- 📦 Inventory Issues: Supply chain delays and high shipping costs impacted inventory.
- 🛠️ New Products: Focus on expanding core products like fencing and pet enclosures.
- 🌍 Market Expansion: Increased sales in Canada and new markets in Mexico.
Major Announcements
Jewett-Cameron announced the end of seed cleaning operations at their JCSC subsidiary. They also settled an arbitration case against a former distributor for $2.45 million. Additionally, they established a new line of credit with Northrim Funding Services to provide short-term operating capital.