Regional Rail

Acquired G3 Canada (November 2022) as well as Great Sandhills Ry.

G3 Canada Ltd.

Winnipeg

Background:
Canadian Wheat Board formed in 1935 as a marketing board to control Western Canada wheat sales through central desk.
Farmers could only sell wheat to the CWB. Other crops were not controlled such as;
canola, peas, beans, lentils, flax, mustard, canary seed, etc.

NAFTA brought about its end at the insistance of the United States.

CWB price for durum in Sask?
$4.30 per bushel, paid out in up to 18 months.
North Dakota elevator price?
$7.58 per bushel, cash on the barrelhead.

No wonder the CWB had to jail farmers who sold to the US buyers themselves.

Announced July 31, 2015 sale completed to for 50.1% to G3 Global Grain Group of Saudi Arabia.
Balance to be held in trust for farmers with option for further sale to G3.

G3 is a partnership between:
Majority partner Bunge Canada, a subsidiary of Bunge Limited,
an agribusiness and food company operating in 40 countries worldwide.
SALIC Canada Limited, a subsidiary of Riyadh-based
Saudi Agricultural and Livestock Investment Company,
Saudi Arabia's main agriculture investment vehicle.

G3 Canada says that, with the sale, it now controls assets from Leader, Sask., to Quebec City
that include inland grain and port terminals, grain hopper rail cars and a fleet of Great Lake grain transport ships.

Through G3’s strategic investments, G3 Canada Limited’s assets presently include a network of seven grain elevators in Western Canada, four grain elevators in Québec, port terminals in Québec City, Québec; Thunder Bay, Ontario, and Trois-Rivières, Québec, two Equinox Class Lakers (Great Lake grain transport ships), nearly 200 kms. of short-line rail track in Saskatchewan, and SML Stevedoring Services at Les Élévateurs des Trois-Rivières. In addition to this, G3 Canada Limited also owns four state-of-the-art grain handling facilities under development in Bloom and St. Adolphe, Manitoba, and Colonsay and Pasqua, Saskatchewan, as well as one of Canada’s largest private fleets of grain hopper cars. At the date of the transaction close (July 31), the inland terminal at Bloom has opened, and the terminal at Colonsay is scheduled to open in August, 2015.

September 2021

G3 Terminal Vancouver, an export terminal opened in 2020. It has three 150 car unit train loops that can unload together.

Expansion continues. The company currently managed 17 grain elevators 9 in SK and 6 in AB
including two that each opened in May, 2021. One in Vermillion, AB and one in Swift Current, SK.

Two new grain elevators are under way late 2021; one in Rycroft, AB. and one in Melfort, SK served by CN.
They will have a capacity of 42,000 tonnes. Both will feature a loop track to handle a 150-car unit train.

Great Sandhills Railway