Hempalta Announces Issuance of Warrants and TSXV Approval for $325,000 Loan Financing

Hempalta Announces Issuance of Warrants and TSXV Approval for $325,000 Loan Financing

Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company") is pleased to announce that pursuant to its press release dated March 3, 2025 (the "Initial Release"), it has received approval from the TSX Venture Exchange (the "TSXV") for the previously announced $325,000 term loans (the "Loan").

The Loan, as disclosed in the Initial Release, was advanced by insiders and major shareholders Darren Bondar and Prairie Merchant Corporation (the "Lenders"). The Loan bears an interest rate of 12% per annum and is secured against certain assets of the Company. The Loan is repayable on the earlier of: (i) one year from the date of issuance; (ii) the successful marketing and sale of the Company's turnkey hemp production facility and processing equipment, or (iii) a financing to the Company of gross proceeds over $1MM. This Loan provides additional working capital to support Hempalta's strategic focus on scaling its industrial hemp carbon credit platform through the Hemp Carbon Standard.

​In connection with the Loan, Hempalta has issued an aggregate of 5,416,667 common share purchase warrants (the "Warrants") to the Lenders. Each Warrant entitles the holder to acquire one common share of the Company at an exercise price of $0.06 per share for a period of one year from the date of issuance. The Warrants are subject to a statutory four-month and one-day hold period, in accordance with applicable securities laws and the policies of the TSXV.​

As the Lenders are insiders of the Company, the issuance of the Warrants constitutes a "related party transaction" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(b) and 5.7(1)(b) of MI 61-101 in respect of the Lenders' participation.​

"We are grateful for the continued support from our major shareholders," said Darren Bondar, CEO of Hempalta. "This financing strengthens our ability to execute our strategic focus on the rapidly expanding voluntary carbon market, leveraging industrial hemp's potential for high-integrity carbon sequestration."​

For more information on Hempalta and its initiatives, visit www.hempalta.com.

About Hempalta

Hempalta Corp. (TSXV: HEMP) is a nature-based carbon credit provider utilizing industrial hemp's potential to sequester carbon. Through its subsidiary Hemp Carbon Standard Inc. (HCS), the Company develops methodologies and supports farmers in monetizing regenerative farming practices. In addition to HCS, through its subsidiary Hempalta Processing Inc., the Company retains its established hemp-based product lines for licensing, supporting a balanced portfolio that addresses modern sustainability needs.

Learn more at www.hempalta.com or contact Investor Relations at invest@hempalta.com.

For more information, please contact:

Investor Relations
Hempalta Corp.
Email: info@hempalta.com
Website: www.hempalta.com

Hempalta Corp.
1560 Hastings Crescent SE, Calgary, AB T2G 4E1
Web: https://www.hempalta.com/
Email:info@hempalta.com

Sales or partner opportunities:
Cecil Horwitz
Business Development
cecil.horwitz@hempalta.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Information

This news release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is typically, but not always, identified by the use of words such as "will," "expected," "plans," "enable," "positions," "aim," and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts.

Forward-looking information in this news release includes, but is not limited to, statements regarding: the anticipated benefits of the Loan; the expected impact of the Loan on the Company's business strategy; the Company's ability to execute its carbon credit initiatives; the marketing of the turnkey hemp production facility and equipment; the demand for carbon credits increasing; the ability of the Company to successfully scale the Hemp Carbon Standard platform; any future financing of the Company; and the Company's future business development activities.

Such forward-looking information is based on various assumptions and factors that may prove to be incorrect, including, but not limited to, assumptions regarding: the ability of the Company to successfully deploy the Loan proceeds in a manner that drives growth; the expected benefits of the Hemp Carbon Standard platform; the ability of the Company to maintain access to capital markets and financing sources; demand for carbon credits in the voluntary market; the sale of the hemp production facility and equipment; required regulatory approvals; and the ability of Hempalta to successfully execute its strategic plans.

Although the Company believes that the assumptions and factors on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information, because the Company can give no assurance that it will prove to be correct or that any of the events anticipated by such forward-looking information will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom.

Actual results may vary from those currently anticipated due to a number of factors and risks, including, but not limited to: General economic conditions and conditions in the capital markets; Regulatory risks relating to approvals required by securities regulators or other governing bodies; Risks associated with debt financing, including repayment obligations; Market risks affecting the voluntary carbon credit market and demand for nature-based carbon credits; Market risks affecting the potential sale of the production facility and equipment; Operational risks, including the ability to successfully implement the Hemp Carbon Standard at scale; Risks associated with future financings and the terms available for such financings; Weather and environmental factors affecting the ability of farms to grow industrial hemp; Risks related to insider participation in the Loan financing, including potential conflicts of interest; Other risks detailed in the Company's continuous disclosure filings available on SEDAR+ at www.sedarplus.ca.

The forward-looking information included in this news release is made as of the date of this news release, and the Company does not undertake an obligation to publicly update such forward-looking information to reflect new information, subsequent events, or otherwise, except as required by applicable law.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243951

News Provided by Newsfile via QuoteMedia

HEMP:CC
Hempalta

Hempalta Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Hempalta (TSXV:HEMP)

Hempalta


Keep reading...Show less

Pioneering the next generation of carbon credits

Hempalta Corp. Announces Financial Results for Three Months Ended December 31, 2024

Hempalta Corp. Announces Financial Results for Three Months Ended December 31, 2024

AgTech Company accelerates strategic focus on Industrial Hemp Carbon Credits business

Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company") has released its financial results for the three months ended December 31, 2024. The Company's unaudited interim condensed consolidated financial statements (the "Financial Statements") and related management's discussion and analysis (the "MD&A") for the three-month period are available on www.sedarplus.ca.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Hempalta Corp. Announces Enhanced Strategic Focus on Carbon Credit Business and Non-Brokered Private Placement

Hempalta Corp. Announces Enhanced Strategic Focus on Carbon Credit Business and Non-Brokered Private Placement

Strategic Focus on Nature-Based Carbon Credit Solutions
Through Hemp Carbon Standard

Proposed non-brokered private placement of up to 30,000,000 units
at $0.05 per unit for aggregate gross proceeds of up to $1,500,000

Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company") today announced an enhanced strategic focus on nature-based carbon credit solutions. As part of this focus, the Company will transition its operations to prioritize premium hemp-derived carbon credits through its subsidiary, Hemp Carbon Standard Inc. ("HCS"), while continuing to manage its intellectual property and product lines under Hempalta Processing Inc.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Hempalta Corp. Announces Financial Results for Year Ended September 30, 2024

Hempalta Corp. Announces Financial Results for Year Ended September 30, 2024

AgTech Company highlights recent 100% purchase of Hemp Carbon Standard platform to advance industrial hemp carbon credits global market opportunity

Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company") has released its financial results for the year ended September 30, 2024. Hempalta's audited consolidated financial statements (the "Financial Statements") and related management's discussion and analysis (the "MD&A") for the twelve months ended September 30, 2024 are available on www.sedarplus.ca.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Hempalta Corp. Completes 100% Acquisition of Hemp Carbon Standard, Expanding Company's Leadership in Hemp Carbon Credits

Hempalta Corp. Completes 100% Acquisition of Hemp Carbon Standard, Expanding Company's Leadership in Hemp Carbon Credits

Acquisition strengthens Hempalta's capacity to scale carbon credit solutions while establishing strategic foundation for advancing biochar expansion initiatives

Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company") today announced its acquisition of the remaining 49.9% of Hemp Carbon Standard Inc. ("HCS"), granting Hempalta full ownership of the carbon credit platform.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Hempalta Corp. Confirms Business Strategy Execution and Responds to Increased Stock Trading Volume

Hempalta Corp. Confirms Business Strategy Execution and Responds to Increased Stock Trading Volume

Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company") today confirmed ongoing execution of its business strategy and responded to recent trading activity.

Business Strategy Update

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Charbone Hydrogene signe une entente de conditions pour une facilite de credit de construction de 50 millions USD

Charbone Hydrogene signe une entente de conditions pour une facilite de credit de construction de 50 millions USD

(TheNewswire)

Charbone Hydrogen Corporation

Brossard (Québec) TheNewswire - le 1 er mai 2025 - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule compagnie d'Amérique du Nord cotée en bourse spécialisée dans la production et la distribution d'hydrogène vert, a le plaisir d'annoncer la signature, plus tôt dans la journée, d'une convention non contraignante portant sur un financement de construction d'un montant maximal de 50 millions de dollars US, avec un gestionnaire international de fonds d'infrastructures spécialisé dans les énergies renouvelables, pour une durée de six mois. De plus amples détails sur ce financement de projet seront communiqués dans les 30 prochains jours.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
CHARBONE Hydrogen Signed a USD 50 Million Construction Capital Facility Term Sheet

CHARBONE Hydrogen Signed a USD 50 Million Construction Capital Facility Term Sheet

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Quebec TheNewswire - May 1, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's sole publicly traded pure-play company specializing in green hydrogen production and distribution, is pleased to announce the signing, made earlier today, of a non-binding term sheet for up to USD 50 million construction capital facility with an international specialized renewable energy infrastructure fund manager for a 6-months term. More details of this project financing credit facility will be communicated in the next 30 days.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Westport Announces Lock-Up Agreements in Support of the Light-Duty Divestment Transaction

Westport Announces Lock-Up Agreements in Support of the Light-Duty Divestment Transaction

Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT Nasdaq:WPRT), has entered into lock-up agreements with certain of its shareholders, executives and board members representing an aggregate of approximately 2.0 million shares, or 11.4% of the currently issued and outstanding shares, to vote in favour of the special resolution approving the sale of Westport Fuel Systems Italia S.r.l. (the " Lock-Up Agreements ").

"These Lock-Up Agreements are a significant vote of confidence in Westport's strategic direction and growth potential.  I am thankful to our key shareholders and our Board, for their continued support as we execute our plans to reduce the complexity of Westport's business and move forward focusing on providing affordable solutions for hard to decarbonize segments of the heavy-duty truck and industrial application, supported by a strengthened balance sheet," said Dan Sceli, Chief Executive Officer, Westport Fuel Systems."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Charbone Hydrogen Announces 2024 Financial Results

Charbone Hydrogen Announces 2024 Financial Results

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Quebec TheNewswire - April 30, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's sole publicly traded pure-play company specialized in green hydrogen production and distribution, today announces its financial and operating results for the year ending December 31, 2024, highlighted by a 15% year-over-year revenue increase and critical progress toward commencing green hydrogen production at its Sorel-Tracy facility in 2025.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Charbone Hydrogene annonce les resultats financiers 2024

Charbone Hydrogene annonce les resultats financiers 2024

(TheNewswire)

Charbone Hydrogen Corporation

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Hempalta

Hempalta Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×