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Hempalta Corp ( (TSE:HEMP) ) has provided an announcement.
Hempalta Corp. has announced a strategic shift towards nature-based carbon credit solutions, prioritizing its subsidiary, Hemp Carbon Standard Inc., to develop and manage hemp-derived carbon credits. The company is also proposing a non-brokered private placement to raise up to $1,500,000, which will be used to scale the HCS platform, market carbon credits, and for general working capital. This move is intended to enhance the company’s market positioning in the carbon credit sector and maximize the value of its existing product lines through licensing opportunities.
More about Hempalta Corp
Hempalta Corp. operates in the hemp industry, focusing on hemp-derived carbon credit solutions and product lines. Its subsidiary, Hemp Carbon Standard Inc., is dedicated to the development and management of hemp-based carbon credits, while Hempalta Processing Inc. oversees product lines like Hempy Cat and Hemp Fresco, offering them for licensing.
YTD Price Performance: 39.53%
Average Trading Volume: 117,409
Technical Sentiment Consensus Rating: Hold
For a thorough assessment of HEMP stock, go to TipRanks’ Stock Analysis page.
