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CARBON STREAMING CORP - OFSTF STOCK NEWS

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

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.

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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.

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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.

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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.

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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.

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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.

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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.

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Carbon Streaming Corporation (OTCQB: OFSTF) announced its 2022 strategic objectives, highlighting plans to acquire additional carbon credit streams and royalty investments. CEO Justin Cochrane noted that 2021's growth was slower due to due diligence delays. The company anticipates delivering 7 million carbon credits from existing investments, with an estimated range of 6.4 million to 7.4 million credits for 2022. Additionally, Carbon Streaming aims to advance its U.S. listing strategy and plans a new logo reflecting its mission.

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Carbon Streaming Corporation has appointed Alice Schroeder to its Board of Directors, enhancing governance and expertise in line with its U.S. listing strategy. Chairman Maurice Swan emphasized her extensive experience in finance and international boards, beneficial for executing international investments. Schroeder's notable background includes roles at Prudential and HSBC, contributing to governance, risk management, and ESG initiatives. As a shareholder, she aims to positively impact local communities while maximizing shareholder returns.

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Carbon Streaming Corporation (OTCQB: OFSTF) has announced its shares will begin trading on the OTCQB Market effective November 22, 2021. This uplisting from the OTC Pink Sheets aims to attract a wider range of investors and support the company's growth strategy. The CEO, Justin Cochrane, indicated this move serves as a stepping stone towards a potential main board U.S. listing in 2022. Carbon Streaming remains committed to facilitating carbon offset projects through its investments.

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Carbon Streaming Corporation announces the automatic conversion of its special warrants into common shares and warrants on November 20, 2021. The new warrants will be listed on the NEO Exchange starting November 24, 2021. This initiative will provide the company with significant cash resources, supporting its investment strategy. Originally issued in July 2021, the special warrants totaled approximately US$104.9 million. After a recent consolidation, holders of these warrants will benefit from a reduced total of 20,980,250 special warrants.

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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.

CARBON STREAMING CORP

OTC:OFSTF

OFSTF Rankings

OFSTF Stock Data

18.39M
50.09M
4.06%
0.02%
Asset Management
Financial Services
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United States of America
Burlington