Viridis Energy Inc. has temporarily suspended operations at its Nova Scotia based industrial pellet manufacturing business, Scotia Atlantic Biomass Company Limited, pending a decision by the Company on the possible sale of this business.

Biofuel

Viridis Energy temporarily suspended operations at its pellet plant in Nova Scotia, Canada

Viridis Energy Inc. announced that it winding down its US operations, Viridis Merchants Inc., the pellet brokerage business, and is in active discussions with a potential buyer of the trademarked brands, Okanagan Pellets™.

The Company has temporarily suspended operations at its Nova Scotia based industrial pellet manufacturing business, Scotia Atlantic Biomass Company Limited, pending a decision by the Company on the possible sale of this business.

Viridis Energy is a publicly traded, “Cleantech” manufacturer and distributor of renewable energy providing wood pellet biomass to global residential and industrial markets.