CARBON STREAMING CORP - OFSTF STOCK NEWS

Carbon Streaming Corporation (OTCQB: OFSTF) reported its financial results for Q3 2022, with a net income of $48.5 million, despite facing a $53.5 million non-cash charge. Excluding this charge, the adjusted net loss was $5.0 million. The company has $102.5 million in cash and no debt, positioning itself strongly for future growth. A significant milestone was achieved with the filing of a registration statement to list on the Nasdaq. Additionally, the investment pipeline is estimated at over $1 billion with multiple opportunities in development.

Carbon Streaming Corporation (OTCQB: OFSTF) announced a carbon credit streaming agreement with Restoration Bioproducts to support a biochar production facility in Virginia. This project represents Carbon Streaming's first carbon stream for biochar and its first in the U.S., enhancing geographic diversification. The facility is projected to reduce over 161,000 tonnes of CO2 equivalent emissions over 25 years, generating an equal number of CO2 Removal Certificates (CORCs). Initial cash investment totals US$0.6 million, with further milestone payments expected.

Carbon Streaming Corporation (NEO: NETZ, OTCQB: OFSTF) will disclose its interim financial results for Q1 2022 on May 16, 2022. An investor conference call is scheduled for May 17, 2022, at 11:00 a.m. EDT, where details of the financial results will be shared. Participants can register for the call via a provided link, and a recording will be accessible on the Company’s website until June 1, 2022.

Carbon Streaming focuses on investing in carbon credit projects to support climate goals.

Carbon Streaming Corporation (OTCQB: OFSTF) has announced multiple investment opportunities in late-stage negotiation, aimed at diversifying its portfolio globally. The total investment pipeline now exceeds US$1 billion. The company, with US$100 million in cash and no debt, is also monitoring Indonesia's pause on carbon credit validation, which might affect its interest in the Rimba Raya Biodiversity Reserve Project. Additionally, the company is working towards a potential listing on Nasdaq.

Carbon Streaming Corporation (OTCQB: OFSTF) has announced the appointment of Oliver Forster as Vice President of Sales. This strategic addition precedes the anticipated first delivery of carbon credits from prior streaming agreements. CEO Justin Cochrane praised Forster’s extensive background in carbon credit sales and corporate sustainability. With nearly a decade in climate action and consulting, Forster aims to bolster the company’s efforts in carbon credit acquisition and management, positioning Carbon Streaming for future growth.

Carbon Streaming Corporation has filed a Form 40-F with the SEC, a crucial step towards listing its common shares and warrants on Nasdaq. This move aims to broaden its shareholder base and provide investors with access to the emerging asset class of carbon credits. However, the listing is contingent on Nasdaq approval and the effectiveness of the Form 40-F, meaning there are no guarantees for the listing or its anticipated timeline. Until then, shares will continue to trade under the ticker OFSTF on the OTCQB.

Carbon Streaming Corporation (OTCQB: OFSTF) reported its financial results for the six months ended December 31, 2021, highlighting a cash position of $103.9 million with no corporate debt. The company invested $62.2 million in carbon credit projects, including a significant agreement with MarVivo Corporation. However, a net loss of $47.3 million was noted, primarily due to a non-cash charge related to warrant liabilities. The carbon market continues to thrive, with credits trading at an average of $14.88.

Carbon Streaming Corporation (OTCQB: OFSTF) announces participation in key industry conferences this February. CEO Justin Cochrane will present at the Stifel Global Carbon Conference on February 8 and engage in a panel discussion at the Canaccord Genuity Carbon & Energy Transition Conference on February 9. Additionally, both Cochrane and President Geoff Smith will speak during the Carbon Breakfast at the BMO Capital Markets Global Metals & Mining Conference from February 27 to March 2. These events emphasize the company's focus on carbon credits and its role in achieving net-zero goals.

Carbon Streaming Corporation (OTCQB: OFSTF) will announce its interim financial results for the quarter ended December 31, 2021, before the market opens on February 14, 2022. An investor conference call to discuss these results is scheduled for February 15, 2022, at 11:00 a.m. EST. Participants can register for the call to receive detailed instructions. The company focuses on carbon credit investments, helping projects that contribute to carbon neutrality and net-zero goals. More updates can be found on the company website.