PlasCred Advances Plastic Upcycling, Faces Q1 Net Loss

Cover Technologies (TSE:PLAS) has released an update.

PlasCred Circular Innovations Inc. has announced its Q1 2024 financial results, marking strategic progress with investments and partnerships aimed at advancing its plastic waste upcycling initiatives. The company secured a potential $10 million investment from Nimbus Capital to support projects like Neos, which aims to significantly upscale their plastic waste processing capacity. Despite these developments, PlasCred reported a net loss of $662,689 for the quarter.

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