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UPDATE: Viridis Energy to Establish Operations in New England; Shares Up 6%

Viridis Energy Inc. (VRD.V) opened up 6% to $0.175 in today's session, moving further away from year low 15 cents, after announcing that it has entered into a partnership with the Grafton Upton Railroad and Dana Transport to ship its wood pellets in bulk to the Grafton Upton Dana Transport facility in central Massachusetts for final bagging and distribution to the New England states.

The alternative energy company said the partnership will reduce the costs of transporting wood pellets and could result in a more cost efficient process, while also eliminating losses due to damaged packages incurred on route.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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