CARBON STREAMING CORP - OFSTF STOCK NEWS

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CARBON STREAMING CORP (OFSTF) is a leading company in the carbon credit industry, specializing in the purchase and sale of carbon credits. The company has recently announced the Azuero Reforestation Project, aimed at restoring 10,000 hectares of degraded land in Panama with over 75 native tree species. With a focus on sustainability and environmental impact, CARBON STREAMING CORP is committed to making a positive difference in the fight against climate change.

08/14/2023 07:00 AM

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

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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.

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06/20/2023 08:30 AM

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Carbon Streaming Announces Executive Change

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06/15/2023 07:31 AM

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Carbon Streaming Announces Launch of Website Marketplace & Participation in Renmark’s Virtual Non-Deal Roadshows

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06/06/2023 11:10 PM

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Carbon Streaming Announces Annual General Meeting Results

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05/31/2023 07:13 AM

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Carbon Streaming Announces Executive Leadership Changes

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05/24/2023 04:30 PM

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Carbon Streaming to Participate in Inaugural Canadian Climate Investor Conference

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05/15/2023 07:00 AM

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Carbon Streaming Announces Financial Results for the Three Month Period Ended March 31, 2023

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05/10/2023 09:00 AM

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Mast Reforestation announces securing $15M in project financing from Carbon Streaming to accelerate reforestation efforts post wildfire

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Mast Reforestation secures $15 million financing agreement with Carbon Streaming Corporation to accelerate post-wildfire reforestation projects in the American West. Carbon Streaming will also invest $2 million in Mast. The financing will allow Mast to serve more landowners affected by wildfires and expand its reforestation services. In exchange, Carbon Streaming will receive carbon removal credits.

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05/10/2023 07:00 AM

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Carbon Streaming Announces Innovative Removals Streaming Agreement and Convertible Note With Mast Reforestation

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03/29/2023 07:15 AM

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Carbon Streaming Announces Financial Results for the Six Month Period Ended December 31, 2022

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Carbon Streaming Corporation (OTCQB: OFSTF) reported significant progress in the Rimba Raya Project under new Indonesian carbon regulations. The company achieved a net income of $4.8 million for the three months ended December 31, 2022, despite an adjusted net loss of $5.7 million. Revenue from carbon credit sales was $1.1 million, with an average price of $8.61 per credit. The firm aims to receive carbon credits or royalties from 10+ projects in 2023, driven by a diversified portfolio and increasing demand in voluntary carbon markets, bolstered by regulatory developments. Cash reserves stood at $70.3 million, with no corporate debt.

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FAQ

What is the current stock price of CARBON STREAMING (OFSTF)?

The current stock price of CARBON STREAMING (OFSTF) is $0.372 as of October 15, 2024.

What is the market cap of CARBON STREAMING (OFSTF)?

The market cap of CARBON STREAMING (OFSTF) is approximately 18.4M.

What is CARBON STREAMING CORP known for?

CARBON STREAMING CORP is known for its specialization in the purchase and sale of carbon credits, focusing on sustainability and environmental impact.

What is the Azuero Reforestation Project?

The Azuero Reforestation Project is a project by CARBON STREAMING CORP that aims to restore 10,000 hectares of degraded land in Panama with over 75 native tree species.

What is CARBON STREAMING CORP's commitment to the environment?

CARBON STREAMING CORP is committed to making a positive difference in the fight against climate change through its sustainable practices and projects.

How does CARBON STREAMING CORP contribute to the fight against climate change?

CARBON STREAMING CORP contributes to the fight against climate change by focusing on the purchase and sale of carbon credits and undertaking projects like the Azuero Reforestation Project.

What recent achievement has CARBON STREAMING CORP announced?

CARBON STREAMING CORP has recently announced the Azuero Reforestation Project, which aims to restore 10,000 hectares of degraded land in Panama with over 75 native tree species.

What is CARBON STREAMING CORP's core business?

CARBON STREAMING CORP's core business is the purchase and sale of carbon credits, with a focus on sustainability and environmental impact.

What sets CARBON STREAMING CORP apart from its competitors?

CARBON STREAMING CORP sets itself apart from its competitors through its commitment to sustainability, environmental impact, and projects like the Azuero Reforestation Project.

How does CARBON STREAMING CORP contribute to the restoration of degraded land?

CARBON STREAMING CORP contributes to the restoration of degraded land through projects like the Azuero Reforestation Project, which aims to restore 10,000 hectares of land in Panama.

What is the focus of CARBON STREAMING CORP's environmental initiatives?

The focus of CARBON STREAMING CORP's environmental initiatives is on sustainability, environmental impact, and making a positive difference in the fight against climate change.

What is the vision of CARBON STREAMING CORP for the future?

CARBON STREAMING CORP envisions a future where its sustainable practices and projects like the Azuero Reforestation Project have a significant impact on the fight against climate change.