Pinnacle continues to work with Alberta Labour Occupational Health & Safety, fire authorities, insurance adjusters, equipment suppliers, and third-party experts as part of the ongoing investigation of the February 11, 2019 fire in the dryer area of the Entwistle facility.

Pinnacle is working with its insurance provider to assess the amount of recoveries that it is entitled to as a result of the fire event. The company expects to provide a further update on the Entwistle facility during the second quarter.

Pinnacle is a rapidly growing industrial wood pellet manufacturer and distributor and the third largest producer in the world. The Company produces sustainable fuel for renewable electricity generation in the form of industrial wood pellets.