Hempalta Corp (TSE:HEMP) has released an update.
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Hempalta Corp. reported a significant increase in revenue by 24% for the year ended September 30, 2024, driven by expanded production and distribution. Despite this growth, the company faced a substantial net loss due to costs associated with a reverse takeover and impairment charges. Additionally, Hempalta solidified its position in the hemp carbon credits sector by acquiring full ownership of Hemp Carbon Standard, aiming to enhance its role in the voluntary carbon market.
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