An announcement from Hempalta Corp ( (TSE:HEMP) ) is now available.
Hempalta Corp. has announced its financial results for the last quarter of 2024, highlighting a strategic shift towards the carbon credit market. Despite a 41% decrease in revenue due to this transition, the company is positioning itself for future growth. Cost of sales decreased by 38% due to streamlined operations, and net loss improved by 13% year over year. The company secured a $325,000 loan from major shareholders to support its growth, issuing common share purchase warrants as a loan bonus, subject to regulatory approval.
More about Hempalta Corp
Hempalta Corp. is an AgTech company focusing on the industrial hemp sector, particularly in the high-growth carbon credit market. The company is transitioning from consumer packaged goods to a scalable carbon credit model, aiming for long-term growth in the voluntary carbon market.
YTD Price Performance: 25.00%
Average Trading Volume: 79,261
Technical Sentiment Consensus Rating: Hold
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