Jewett Cameron Trading Co Ltd 8-K, filed Oct 23, 2026
Jewett Cameron Trading Co Ltd (JCTC)
About this 8-K
Jewett Cameron Trading Co Ltd filed this 8-K on October 23, 2026, reporting on events of October 19, 2026.
Jewett-Cameron Trading Company Ltd. agreed on October 19, 2026 to sell its surplus seed property to Washington County for $5,900,000.00, subject to due diligence, Washington County Board of Commissioners approval and other closing conditions. AI summary
Items reported
- Item 1.01: Entered into a material agreement
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Item 1.01 Entry into a Material Definitive Agreement
Jewett-Cameron Trading Company Ltd. (the “Company”) has reached an agreement to sell its surplus seed property to Washington County for a purchase price of $5,900,000.00 (the “Purchase Price). On October 19, 2026, JC USA Inc. (“Seller”), a wholly-owned subsidiary of the Company, entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Washington County, a political subdivision of the State of Oregon (“Buyer”), providing for the sale of the real property located at 31345 NW Beach Rd., Hillsboro, Washington County, Oregon (the “Property”), for the Purchase Price.
The Buyer will deposit into escrow earnest money of $200,000.00 in the form of a promissory note (the “Note”) that converts to non-refundable cash under certain circumstances and is applied against the Purchase Price. The Note is subject to cancellation and return to Buyer if Buyer terminates the Purchase Agreement prior to expiration of its initial 180-day due diligence period. The Buyer may extend for up to two additional 30-day periods at a cost of $50,000 each (through conversion of the Note), which cash is non-refundable except upon a termination by Buyer as a result of a default by Seller.
Buyer’s obligation to purchase the Property is subject to satisfaction or waiver of certain conditions, including Buyer’s satisfactory completion of its due diligence review of the Property and approval by the Washington County Board of Commissioners, as well as other conditions set forth in the Purchase Agreement.
Closing of the transaction is to occur on a business day mutually agreed by the parties within 15 days after expiration of the inspection periods, subject to a further extension of up to 15 additional days. If Buyer fails to close through no fault of Seller, Seller’s sole remedy is to retain the earnest money as liquidated damages. If Seller fails to close through no fault of Buyer, Buyer’s remedy is either to terminate the Purchase Agreement, receive a refund of the earnest money and be reimbursed for up to $20,000 of its out-of-pocket third-party transaction costs, or to seek specific performance.
In connection with the transaction, a real estate commission equal to an aggregate of 5% of the Purchase Price is payable at closing to the brokers for Buyer and Seller. To the extent of any amounts outstanding under the Company’s credit facility with Northrim Funding Services, the proceeds of any sale of the Property will first go to reduce certain of such amounts outstanding. There are currently no amounts outstanding under the credit facility.
The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which will be filed as an exhibit to the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2026.
Item 9.01. Exhibits
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
| JEWETT-CAMERON TRADING COMPANY LTD. | ||||||
| Date: October 23, 2026 | By: |
/s/ “Chad Summers” | ||||
| Name: | Chad Summers | |||||
| Title: | President and Chief Executive Officer | |||||