Hempalta Corp Expands into Carbon Credit Market

Hempalta Corp (TSE:HEMP) has released an update.

Hempalta Corp. is set to acquire a majority stake in Hemp Carbon Standard Inc., aiming to enhance its sustainability initiatives and offer a platform for high integrity carbon credits. The deal, involving a mix of cash and common shares amounting to over $2 million, is expected to close by April 30, 2024, subject to regulatory approval. This strategic move will enable customers to reduce their CO2 footprint through certified sustainable agricultural practices.

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