JEWETT CAMERON TRADING CO LTD: agrees to sell property for $5,900,000

What happened

• The filing reports that on Oct 19, 2026, JC USA Inc., a wholly-owned subsidiary of JEWETT CAMERON TRADING CO LTD, entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Washington County to sell real property located at 31345 NW Beach Rd., Hillsboro, Washington County, Oregon, for a purchase price of $5,900,000.
• The Buyer will deposit $200,000 in earnest money in the form of a promissory note that converts to non-refundable cash under certain circumstances and is applied against the purchase price.

Key details

• Earnest money: $200,000 promissory note; note is cancelled and returned if Buyer terminates prior to the initial 180-day due diligence period.
• Buyer may extend the due diligence period up to two additional 30-day periods at a cost of $50,000 each (converted from the note); those extension payments are non-refundable except if Buyer terminates due to Seller default.
• Closing is to occur on a mutually agreed business day within 15 days after expiration of the inspection periods, with a further possible extension of up to 15 days.
• Remedies and costs: if Buyer fails to close through no fault of Seller, Seller may retain the earnest money as liquidated damages; if Seller fails to close through no fault of Buyer, Buyer may terminate and receive a refund of earnest money and up to $20,000 of out-of-pocket third-party transaction costs or seek specific performance. A real estate commission equal to 5% of the purchase price is payable at closing. Proceeds will first be applied to amounts outstanding under the Company’s credit facility with Northrim Funding Services; the filing states there are currently no amounts outstanding under that facility.

Why it may matter

• The 8-K reports Item 1.01: entry into a material definitive agreement covering the sale of the company’s surplus seed property to Washington County for $5,900,000 and the key terms of that sale. This filing does not show why the insider traded or why the company acted.