Carbon Streaming Corporation (TSE:NETZ) has released an update.
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Carbon Streaming Corporation has announced a strong finish to 2023 with a cash balance of $51.4 million, no debt, and significant cost reductions. Despite a net loss of $35.5 million for the year, the company reduced operating expenses by over $7.5 million and is focusing on strategic opportunities and project support for the coming year. The company’s commitment to financial stability and cost-saving measures positions it well for future growth.
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