Locally operated lumber company ranks 2nd on TSX list

A lumber company with operations in Cranbrook has been ranked on the 2015 TSX Venture 50 list.

  • Feb. 25, 2015 2:00 p.m.

A lumber company with operations in Cranbrook has been ranked on the 2015 TSX Venture 50 list.

The list ranks companies that are strong performers on the TSX Venture Exchange

Jemi Fibre Corp. ranked second in the Diversified Industries Category.

“We are pleased to be ranked amongst the top performing companies on the TSX Venture 50 list,” said Mike Jenks, CEO.  “This recognition by the Exchange supports and encourages our goal to build long term shareholder value in the forest products sector through integrated operations and a focus on unique timber and manufacturing assets.”

Jemi Fibre is a British Columbia based forest products company which trades on the TSX Venture Exchange under the symbol JFI.

Jemi Fibre’s operations consist of a full service contract logging division, with operations in Mackenzie and Cranbrook, a sawmill located in Edgewater producing high value lumber products, a manufacturing facility in Cranbrook producing pressure treated posts, rails and lumber for agricultural and industrial use, and private timberlands located in the Kootenay region.

Every year the TSX Venture 50 annually awards the top ten companies listed on the Exchange in each of five major industry sectors: Clean Technology, Oil and Gas, Mining, Diversified Industries, and Technology and Life Sciences.

The top 50 companies are chosen from a pool of the 1,971 companies listed on the Exchange. The criteria includes an equal weighting of share price appreciation, trading volume, market capitalization growth and analyst coverage as of Dec. 31, 2014.