On April 17, 2025, Industrial Biomass Group has acquired the property, assets, and undertaking of Great Northern Timber Inc. and related entities through a sale proceeding under the Companies’ Creditors Arrangement Act (CCAA). The transaction, which involved a court-supervised restructuring, highlights the ongoing consolidation in the Canadian biomass and timber industry. While the transaction value was not publicly disclosed, the acquisition ensures the continuation of operations and utilization of Great Northern Timber's key assets. Davies Ward Phillips & Vineberg LLP acted as legal counsel to Industrial Biomass Group, while Stewart McKelvey represented Great Northern Timber Inc. The sale was facilitated through a court-approved process designed to maximize value for creditors and maintain business continuity. No specific transaction amount was available in either Canadian dollars (CAD) or a foreign currency at the time of the transaction.