Company Announcements

Hempalta Corp Reports Revenue Growth Amid Losses

Hempalta Corp (TSE:HEMP) has released an update.

Hempalta Corp. has reported a significant revenue growth of 30% and 26% for the three and six months ended March 31, 2024, respectively, following its expansion in hemp-based product production and distribution. Despite the revenue increase, the company experienced a net loss of $512,461 for the quarter, attributed to higher costs of raw materials, labor, and maintenance. This report comes after Hempalta’s acquisition of a global Industrial Hemp Carbon Credits platform and its transition from Trail Blazing Ventures Ltd.

For further insights into TSE:HEMP stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskHempalta Corp Expands Products and Addresses Stock Surge
TipRanks Canadian Auto-Generated NewsdeskHempalta Corp Reveals Soaring Revenue Amid Rising Costs
TipRanks Canadian Auto-Generated NewsdeskHempalta Corp Unveils Eco-Friendly Hemp Biochar
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App