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Hempalta Corp ( (TSE:HEMP) ) has issued an update.
Hempalta Corp has announced a $2 million private placement and a proposed share consolidation as part of its strategic shift towards a low-capital, carbon-credit-focused model. The company is advancing its nature-based carbon program, having verified 29,448 carbon credits across multiple countries and is working on expanding its industrial hemp and biochar carbon removal program. The proceeds from the private placement will support the biochar carbon removal program, marketing, and other strategic initiatives, while the share consolidation aims to align with institutional standards and improve marketability.
More about Hempalta Corp
Hempalta Corp is a company focused on transitioning to a scalable, low-capital climate-technology model, primarily dealing in verified, nature-based carbon removals. The company has shifted from hemp processing to a carbon-credit-focused model, emphasizing the development of its biochar and carbon partnership initiatives.
Average Trading Volume: 85,345
Technical Sentiment Signal: Sell
See more insights into HEMP stock on TipRanks’ Stock Analysis page.