JEWETT CAMERON TRADING CO LTD (JCTC) Form 8-K — Oct 23, 2026
Jewett-Cameron Trading Company (JCTC) agreed on October 19, 2026 to sell its surplus seed property at 31345 NW Beach Rd., Hillsboro, Oregon to Washington County for $5.9 million. The sale runs through subsidiary JC USA Inc., with buyer earnest money of $200,000 held via a promissory note that becomes non-refundable under certain conditions. Closing depends on buyer due diligence and Washington County Board of Commissioners approval within a 180-day initial diligence period. A 5% real estate commission is payable at closing, and any proceeds would first reduce amounts under the company's Northrim Funding Services credit facility, though no amounts are currently outstanding.
Key figures
- Deal Value Usd
- 5900000
- Earnest money
- $200,000 promissory note converting to non-refundable cash
- Extension cost each
- 50000
- Real estate commission
- 5% of purchase price
- Due diligence period days
- 180
- Seller default cost reimbursement cap
- 20000
AI analysis
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