Hempalta Corp (TSE:HEMP) has released an update.
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Hempalta Corp reported a significant increase in revenue for both the three and nine months ended June 30, 2024, but also faced a substantial rise in net losses due to escalated costs associated with expansion and going public. The company has also completed a pivotal acquisition of a majority stake in Hemp Carbon Standard Inc., expected to diversify its revenue streams and enhance its focus on sustainability.
For further insights into TSE:HEMP stock, check out TipRanks’ Stock Analysis page.
