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Carbon Streaming Corporation - $OFSTF STOCK NEWS

Welcome to our dedicated page for Carbon Streaming Corporation news (Ticker: $OFSTF), a resource for investors and traders seeking the latest updates and insights on Carbon Streaming Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Carbon Streaming Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Carbon Streaming Corporation's position in the market.

News

Carbon Streaming Provides Update on Restructuring Initiatives and Initiates Strategic Review

Rhea-AI Summary
Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) announced the initiation of a strategic review process as part of its ongoing corporate restructuring to ensure competitiveness and long-term sustainability. The company has made significant progress in reducing operating expenses and is actively reviewing its carbon credit stream and royalty portfolio. The Board of Directors and a Special Committee will evaluate various options to maximize shareholder value, including acquisitions, divestments, financings, and strategic partnerships.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.58%
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none
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News

Carbon Streaming Announces Financial Results for the Three and Nine Months Ended September 30, 2023

Rhea-AI Summary
Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) reported its Q3 financial results, highlighting a strong cash balance, reduced operating costs, and a diversified investment portfolio. The company recognized net income of $0.7 million and ended the quarter with $54.4 million in cash and no corporate debt. Carbon Streaming Founder and CEO Justin Cochrane emphasized the commitment to protecting the balance sheet and executing on sales, positioning the company to benefit from future increases in demand for voluntary carbon credits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.58%
Tags
earnings
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News

Carbon Streaming Announces Second Removals Streaming Agreement With Mast Reforestation

Rhea-AI Summary
Carbon Streaming Corporation enters into a streaming agreement with Mast Reforestation for the Feather River Dome Reforestation Project in California, USA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
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none
News

Carbon Streaming to Provide Microsoft With Biochar Carbon Removal

Rhea-AI Summary
Carbon Streaming Corporation will provide Microsoft with carbon removal credits from the Waverly Biochar project, which is expected to deliver up to 10,000 tonnes of carbon dioxide removal credits per year. Microsoft's commitment to offtake verified carbon dioxide removal from the project is seen as a positive move for the industry. Biochar is considered a vital piece of the puzzle for corporations with net zero commitments and has the potential to sequester significant amounts of carbon emissions by 2050. Carbon Streaming's approach of providing project capital to developers is beneficial for corporations using carbon credits as part of their climate strategies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News

Carbon Streaming Announces Additional Steps to Position Company for Long-term Success

Rhea-AI Summary
Carbon Streaming Corporation announces expense reductions expected to save over $3 million per annum and strong cash balance
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
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none
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News

Carbon Streaming Announces Financial Results for the Three and Six Months Ended June 30, 2023

Rhea-AI Summary
Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) reported strong financial results for Q2 2023, ending the quarter with $59.4 million in cash and no corporate debt. The company recognized a net loss of $9.2 million, but adjusted net loss improved to $0.8 million. Carbon Streaming added a reforestation project to its portfolio and undertook cost-cutting measures, resulting in a non-recurring corporate restructuring charge of $1.6 million. The company also increased its upfront investment in the Waverly Biochar Stream. Financial highlights include $44,000 in revenue from the sale of purchased carbon credits, with a gross profit of $10,000. The company settled 97,184 carbon credits under carbon credit streaming agreements and incurred other operating expenses of $3.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.62%
Tags
earnings
News

Carbon Streaming Announces Executive Change

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.32%
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Carbon Streaming Announces Launch of Website Marketplace & Participation in Renmark’s Virtual Non-Deal Roadshows

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.54%
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Carbon Streaming Announces Annual General Meeting Results

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.46%
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Carbon Streaming Announces Executive Leadership Changes

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.57%
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management
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Carbon Streaming Corporation

OTC:OFSTF

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OFSTF Stock Data

22.67M
46.10M
5.68%
0.02%
Crushed and Broken Limestone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Toronto