Hempalta Corp. (TSXV:HEMP) processes industrial hemp at scale to produce a range of consumer and commercial products using its proprietary processing technology, HempTrain, which converts industrial hemp into high-volume, high-grade products.
Hempalta's products include animal bedding, garden mulch and construction products such as hempcrete - a biocomposite material for construction and insulation made of hemp hurds and lime. Industrial hemp is highly versatile and can be grown in different climates and soil conditions.
HEMPALTA owns 50.1 percent of HCS, which uses a science-based quantification methodology designed to measure carbon removal from industrial hemp accurately. The strategic investment in HCS - and through partnerships with industrial hemp farmers - positions HEMPALTA to become a leading carbon credit generator. The sale of these hemp-derived carbon credits offers a new revenue stream for HEMPALTA, in addition to its B2C and B2B hemp products. The carbon credit market is currently the largest opportunity for HEMPALTA. The global voluntary carbon market is projected to reach $2.68 trillion by 2028 at a CAGR of 18.23 percent. HEMPALTA anticipates realizing the first full cycle of carbon credit revenue by the first quarter of 2025.
This Hempaltaprofile is part of a paid investor education campaign.*
Click here to connect with Hempalta Corp. (TSXV:HEMP)to receive an Investor Presentation
HEMPALTA presents a unique investment opportunity in the rapidly expanding carbon credit market. With its innovative approach to carbon credit generation, HEMPALTA is poised to capitalize on the growing demand for carbon offsets, supporting global net-zero commitments and providing substantial returns for forward-thinking investors.
HEMPALTA (TSXV:HEMP), publicly traded on the TSX Venture Exchange, is revolutionizing the approach to carbon sequestration by harnessing the power of industrial hemp. The company's mission is to transform hemp into a sustainable tool for generating carbon credits, addressing the urgent need for climate change solutions while tapping into a burgeoning market.
Recent market analyses underscore the potential of HEMPALTA's strategy:
HEMPALTA is strategically positioned to meet this escalating demand through its innovative hemp-based carbon credit generation process. By acquiring 100 percent interest in Hemp Carbon Standard, HEMPALTA has solidified its leadership in the hemp carbon credit market, offering businesses a sustainable platform to reduce greenhouse gas emissions.
Hempalta’s low-risk, scalable carbon credit model
With the HCS acquisition, HEMPALTA is prioritizing premium hemp-derived carbon credits. HCS will develop and manage the scientific methodologies, farmer onboarding, and validation frameworks for hemp-based carbon credits. At the same time, Hempalta Processing Inc. will continue to operate its intellectual property and product lines retaining ownership of key products such as Hempy Cat, Hemp Fresco and Hempzorb, offering them for licensing. This enhanced strategic focus on its carbon credit business will allow the company to achieve its long-term goals:
With an experienced leadership team that brings years of expertise in operations, manufacturing, marketing, consumer packaged goods and retail sales, HEMPALTA is poised for significant growth.
HEMPALTA's core business revolves around the generation and sale of carbon credits derived from industrial hemp cultivation and processing. The company’s ‘no-risk’ carbon credit model involves four simple steps:
HEMPALTA’s unique advantage lies in its advanced technological infrastructure, which ensures the precision and transparency required in the carbon credit market. This cutting-edge technology ensures efficiency, transparency and scalability in its operations.
HEMPALTA has demonstrated significant progress in managing and expanding its industrial hemp acreage and in generating carbon credits. Through its innovative efforts, HEMPALTA has successfully cultivated and processed industrial hemp across substantial acreage, showcasing the scalability of its operations.
The company effectively grew the number of industrial hemp farms under its management from 15 farms in 2023 to 36 farms by the end of 2024, increasing its acreage to 13,556 across Canada, USA, UK, Portugal, Australia, Ukraine and Spain, with an estimated carbon credit value of $2 million.
HEMPALTA is actively pursuing growth strategies to enhance its market position, which includes expanding its operations globally, targeting regions with favorable conditions for hemp cultivation and carbon credit markets, and investing in regenerative farming practices to further increase the carbon sequestration capacity for hemp crops.
Additionally, the company is focused on supporting and developing biochar production capabilities, which offer long-term carbon storage solutions and additional revenue streams.
Darren Bondar previously founded and served as president and CEO of Inner Spirit Holdings, the first cannabis retail company listed on the Canadian Securities Exchange. Under his leadership, Inner Spirit Holdings expanded significantly until its acquisition by Sundial Growers in July 2021. Prior to that, he was the president and CEO of Watch It! and Comfortable Image, consumer retail and franchising businesses. Bondar holds a Master of Business Administration degree from the University of Alberta and a Bachelor of Arts degree from Western University. He has completed the Financing, Governance and Compliance for Public Companies course at Simon Fraser University.
Candace Ryan brings over 15 years of experience in accounting, payroll, human resources, financial planning, and financial reporting and analysis. Most recently, she was financial controller in a publicly traded national brand retail start-up. Her organization and hands-on, real-time approach to accounting has made her an asset to the organizations she has contributed to. Candace is a legacy certified general accountant and a current member of the Chartered Professional Accountants.
Cecil Horwitz brings over 20 years of experience in business development, operations, and team leadership to his role at HEMPALTA. He spearheads the company’s sustainability initiatives, including its contributions to the voluntary carbon market and the scaling of biochar as a climate solution. With a passion for farmers, culture, and customers, Horwitz is uniquely skilled at translating vision into actionable results, always guided by clear goals and metrics. His leadership is grounded in values of honesty, respect, and hard work, which have enabled him to build strong, collaborative teams that deliver exceptional outcomes.
Brittany McKell brings energy and dedication to overseeing production, logistics and procurement in the Company’s operations. Her experience in the hemp industry includes roles in sales and marketing and she has been a key contributor to new product creation. McKell holds a marketing degree from Mount Royal University and a business administration diploma from SAIT.
Adaptable and creative, Samantha Down uses her visual storytelling to inspire cult branding for companies where she works. She oversees all sales and marketing activity for HEMPALTA. Previously, she held marketing roles with two national consumer product retailers. Down holds a business administration degree from Mount Royal University and finance diploma from SAIT.
Adrian Stokes has over two decades of experience in financial services. He currently leads ADL Private Office in Monaco, a private family office for the majority partner of Fullbrook Thorpe Investments LLP. Previously, he held various roles at Barclays Wealth & Investment Management. Stokes holds a double major in business from Greenwich Business School in London.
Craig Steinberg has been a director of HEMPALTA since August 2021. He is a practicing lawyer with Steinberg Law and is the designated mortgage broker for Fortius Mortgage Corporation. From August 2017 until July 2021, Steinberg served as a director of Inner Spirit Holdings which was listed on the Canadian Securities Exchange.
Dan Balaban is the executive chair and CEO of Greengate Power Corporation, a Canadian renewable energy company. Before joining Greengate, Balaban co-founded and served as president and CEO of Roughneck.ca, which provides software solutions for the oil and gas industry. Earlier in his career, he worked as a management consultant at top-tier firms, including EY and PwC.
Russell Wilson is the vice-president of business development with Prairie Merchant Corporation, a private investment company that focuses on real estate, energy, agriculture and sports franchises. He sits on the board of Indiva and continues to actively manage a portfolio of cannabis-related investments. Wilson holds a Master of Business degree from Queensland University of Technology.
Michael Ginevsky is a partner at DS Lawyers Canada LLP, where he focuses primarily on capital markets, mergers and acquisitions, corporate governance, and securities regulatory compliance. Ginevsky received a Bachelor of Commerce degree from the University of British Columbia and Juris Doctor from the University of Alberta. He was previously corporate secretary of Inner Spirit Holdings, a cannabis retailer listed on the CSE.
Pioneering the next generation of carbon credits
Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company"), a Canadian-based innovator in nature-based carbon credits, today provided an update on its ongoing corporate transformation and operational milestones.
As part of its previously announced strategic shift to focus exclusively on its high-growth carbon credit business, Hempalta has completed the wind down and closure of its processing facility in Calgary. The facility has now been vacated and decommissioned.
FCC Loan Update
In connection with the plant closure, the Company's wholly owned subsidiary, Hempalta Processing Inc. ("HPI") has received a notice of default from Farm Credit Canada ("FCC") in respect of the Company's obligations under its existing loan agreement and related security (the "Default"). The notice cites technical defaults arising from the cessation of operations and FCC's determination that there is a material adverse change. No monetary payment default has occurred to date.
Equipment Sales
In connection with the Default, and further to the previously announced marketing of the Company's turn-key industrial hemp processing line, including biochar processing equipment (the "Equipment"), the Company is pleased to announce that HPI has entered into a binding asset purchase agreement (the "Purchase Agreement") with an arm's length third party for sale of the Equipment for cash consideration of USD$1,150,000 (the "Purchase Price") (the "Transaction"). The Purchase Agreement includes the payment of a fifty percent deposit of USD$575,000 upon signing, and remains subject to standard closing conditions including but not limited to the receipt of necessary regulatory and shareholder approvals (the "Approvals"), and receipt of the balance of the Purchase Price. In connection with the Purchase Agreement, certain insiders have signed voting support agreements in respect of shareholder approval of the Transaction.
Proceeds from the Transaction will be used to satisfy the outstanding amounts owed to FCC to satisfy the Default, and are also expected to be used to reduce outstanding corporate liabilities and strengthen the Company's balance sheet. The Company expects to call its annual and special shareholders meeting to approve the Transaction and annual items in due course.
Carbon Credit Update
Hempalta is pleased to report continued growth and progress in its carbon credit business:
For the 2024 crop year, approximately 29,000 tonnes of COâ‚‚ sequestration have been calculated using the Company's AI-powered MRV (Measurement, Reporting and Verification) platform. These credits are currently in final verification with Control Union, and once issued, will bring the Company's total verified credits to over 44,000 tonnes when combined with the previously announced 15,325 credits issued for 2023.
Looking ahead to 2025, the Company anticipates continued growth in its carbon credit program driven by expanded farm participation. Final 2025 acreage and sequestration estimates are anticipated to be announced when Hempalta reports its Q2 results at the end of May.
Upcoming Industry Event Participation
Hempalta also announced its participation in Carbon Unbound East Coast, taking place May 21-22, 2025, in New York City. The Company will be showcasing its innovative hemp-based carbon credit methodology and actively engaging with global carbon buyers and partners.
"We continue to execute on our focused carbon-first strategy while responsibly managing the wind down of legacy operations," said Darren Bondar, CEO of Hempalta. "We are continuing to advance our carbon credit platform, and seeing clear momentum in both our sequestration volumes and industry engagement."
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. Web: https://www.hempalta.com/ Email:info@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 sale of the Equipment; the timing and closing of the Transaction; the receipt of necessary Approvals; ; the Company's ability to execute its carbon credit initiatives; the settlement of the outstanding Default with FCC; 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 completion of the Transaction and receipt of Approvals; the settlement of the outstanding Default with FCC;; 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 Equipment and the proceeds from such sales being sufficient to satisfy outstanding debts; 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; Risks affecting the closing of the Transaction and the satisfaction of outstanding conditions; 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 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/252845
News Provided by Newsfile via QuoteMedia
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
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.
Financial Results
As Hempalta sharpens its focus on the high-growth carbon credit market, the Company experienced a transition period in its financials during the last quarter.
Revenue for the three months ended December 31, 2024, was $70,497, reflecting a planned transition from consumer packaged goods (CPG) sales to a scalable, high-margin carbon credit model. While this shift resulted in lower short-term revenues (a 41% decrease year over year), it positions Hempalta for long-term growth in the voluntary carbon market.
Cost of Sales for the three months ended December 31, 2024 decreased 38% to $84,162, compared to the same period in 2023, primarily due to lower production volumes and cost efficiencies as the Company streamlined its operations to align with its carbon credit focus.
Net Loss for the three months ended December 31, 2024 was $432,281 ($0.00 per share), a 13% improvement over the same period in 2023, reflecting disciplined cost management and a one-time gain on debt settlement.
General & Administrative Expenses for the three months ended December 31, 2024 increased 79% year over year, primarily due to transaction fees associated with acquiring the remaining 49.9% interest in Hemp Carbon Standard Inc. ("HCS"), as well as lower expense allocations to cost of goods sold due to decreased production activity.
Financial Position & Shareholder Support
As of December 31, 2024, Hempalta had $182,768 in cash and $287,726 in working capital.
While the Company completes its planned focus on HCS over the balance of the second quarter, major shareholders Darren Bondar and Prairie Merchant Corporation (the "Lenders") have extended a one-year term loan in the aggregate amount of $325,000 at 12% interest (the "Loan"). In connection with the Loan, the Company will issue a loan bonus to the Lenders of an aggregate of 5,416,667 common share purchase warrants (the "Warrants"), exercisable for a period of one year with an exercise price equal to $0.06 (the "Bonus"). The Warrants are subject to a hold period under Canadian securities laws, expiring four months and one day from the date of issuance. The Loan and the Bonus are subject to the approval of the TSX Venture Exchange. This Loan provides additional working capital to support Hempalta's growth in the carbon credit market.
As the Lenders are insiders of the Corporation, the issuance of the Warrants to the Lenders is considered to be a related party transaction within the meaning of Exchange policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the Lender participation.
This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons," as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.
Industrial Hemp Carbon Credits Platform
With full ownership of HCS, Hempalta is now poised to scale a unique, low-cost carbon credit platform focused on industrial hemp. This milestone marks a pivotal step in the Company's evolution toward becoming a leader in nature-based carbon removal solutions.
The demand for high-integrity carbon credits continues to rise as corporations seek solutions to meet their net-zero commitments. Industrial hemp offers a unique advantage in carbon sequestration due to its rapid growth cycle and ability to store CO2 both in biomass and soil.
HCS has pioneered a precision quantification methodology using remote sensing and AI-driven monitoring, ensuring the accurate measurement and verification of CO2 removal. The platform empowers industrial hemp farmers to monetize regenerative agriculture practices while providing corporate buyers with premium carbon credits backed by ISO 14064-2 certification.
By participating in the voluntary carbon market, industrial hemp farmers can diversify revenue streams while contributing to global climate action. The completion of the HCS acquisition enables Hempalta to:
Outlook
Darren Bondar, President and Chief Executive Officer of Hempalta, said, "In our first years of operation, we focused on scaling industrial hemp processing and consumer packaged goods. As demand for sustainable solutions grows, we have shifted toward the rapidly expanding voluntary carbon market. Our acquisition of 100% of HCS solidifies our ability to offer scalable, high-integrity carbon credits with a low-capital model. By collaborating with farmers and corporate buyers, we are positioned to drive sustainability while generating long-term growth for Hempalta and our investors."
To further align with this strategic shift, the Company is also marketing its turnkey hemp production facility and processing equipment, and exploring licensing opportunities for its CPG product lines.
Investor Updates
Investors can follow Hempalta's journey as it pioneers high-integrity carbon removal solutions by subscribing to the mailing list for investor updates at www.hempalta.com where they can also view the latest corporate presentation and company announcements.
About Hempalta
Hempalta Corp. (TSXV: HEMP) is a nature-based carbon credit provider leveraging 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 agriculture practices. In addition to HCS, Hempalta Processing Inc. manages the Company's established hemp-based product lines, which are available for licensing.
Learn more at www.hempalta.com or contact Investor Relations at invest@hempalta.com.
For more information, please contact:
Darren Bondar
Chief Executive Officer
Hempalta Corp.
Email: info@hempalta.com
Sales or Partner Opportunities:
Cecil Horwitz
Business Development
Email: 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 Company's plans with respect to the HCS platform, including the scaling of such program; the integration of HCS positioning the Company to deliver premium-quality carbon credits efficiently to corporate buyers; fluctuations in the capital resources of the Company; the demand for carbon credits increasing; industrial hemp farmers being able to diversify their revenue streams by participating in the voluntary carbon market; the acquisition of HCS positioning the Company to tap into the expanding carbon credit market using a low-capital, scalable model; the Loan, the Bonus and the approval of the Exchange of both the Loan and the Bonus; the use of proceeds from the Loans; and the Company offering its turnkey hemp production facility and processing equipment for sale, while also exploring one-time licensing opportunities for its CPG product lines. Such forward-looking information is based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the ability of the Company to successfully implement its strategic plans and initiatives and the expected benefits therefrom; the anticipated benefits of the HCS acquisition and of the business of HCS; the anticipated benefits from offering its turnkey hemp production facility and processing equipment for sale, while also exploring one-time licensing opportunities for its CPG product lines; the ability of farms and sites currently signed up by HCS to grow hemp; required regulatory approvals; the ability of the Company to effect its proposed strategy and business plans; the approval of the Exchange with respect to the Loans and the Bonus; and the ability of HCS to sell carbon removal credits through the voluntary credit market. 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: the risk that the benefits from the HCS acquisition, and the ownership and operation of the HCS business, will not be as anticipated; the risk that the Company will not be able to successfully offer the turnkey hemp production facility and processing equipment for sale, and if done successfully, the risk that the benefits therefrom will not be as anticipated; receipt of necessary regulatory approvals including the Exchange; risks associated with general economic conditions; conditions in the carbon credit markets; adverse industry events; the risk that farms and sites currently signed up by HCS will not grow or be able to grow industrial hemp as anticipated or at all; the Company has limited financial resources and may require additional funds to continue operating; the Company may not generate sufficient revenue to maintain operations; the forecasts and models of the Company could be inaccurate; the risk that HCS may not be able to sell carbon removal credits as anticipated or at all; adverse weather conditions affecting the growth of hemp; future legislative, tax and regulatory developments; the risk factors included in the Company's other continuous disclosure available on SEDAR+ at www.sedarplus.ca; and the ability of management to execute its business strategy, objectives and plans. 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/243209
News Provided by Newsfile via QuoteMedia
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.
In addition, the Company announced a proposed non-brokered private placement of up to 30,000,000 units of the Company ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of up to $1,500,000 (the "Private Placement"). Each Unit will consist of one common share ("Common Share") and one-half of one common share purchase warrant, with each full warrant ("Warrant") being exercisable to purchase one Common Share at a price of $0.10 for two years from the date of issuance.
Highlights of Enhanced Focus on Carbon Credit Business
Hemp Carbon Standard
Hempalta Processing Inc.
Non-Brokered Private Placement
The Company intends to complete the Private Placement pursuant to available prospectus exemptions. The use of proceeds from the Private Placement is dependent on the final amount raised and will be used to: scale the HCS platform, to market carbon credits to corporate buyers, for general working capital and to pay the expenses of the Private Placement.
The Company may pay finders' fees to eligible finders, in accordance with applicable securities laws and the policies of the TSX Venture Exchange ("TSXV"). The Private Placement is subject to approval of the TSXV, and all securities issued under the Private Placement will be subject to statutory hold periods expiring four months and one day from the date of issuance.
Comments from Management
"Placing a direct strategic focus on our carbon credit business marks an important evolution for our company," said Darren Bondar, President and CEO of Hempalta. "The $1.5 million private placement at $0.05 per Unit offers investors an opportunity to support the next phase of our journey. We're excited to focus on the scalable, low-capital potential of carbon credit solutions, while continuing to nurture our established product lines through Hempalta Processing Inc. This strategy aligns with global sustainability goals and positions us to capitalize on the growing market for nature-based climate solutions."
Strategic Rationale
With global demand rising for verifiable carbon offset solutions, Hempalta is uniquely positioned to leverage industrial hemp's carbon sequestration potential. Going forward the Company aims to:
Next Steps & Corporate Outlook
The Company believes these efforts can facilitate a transition beneficial for existing shareholders, aligning them with an evolving revenue model that taps into nature-based carbon credits.
Investor Updates
You can stay updated on Hempalta's operating developments and investor announcements by subscribing to the mailing list on the Investor Relations website page. An updated version of the Company presentation is also available on the website.
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:
Darren Bondar
Chief Executive Officer
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", "aims", "intends" 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 enhancement of the strategic focus on the nature-based carbon credit solutions; the transition of the Company's operations to prioritize premium hemp-derived carbon credits through its subsidiary HCS; the Company's plans and intentions with respect to the proposed operations of HCS, including its aims to provide credible carbon credits, expand farmer participation and enhance stakeholder value, and the expected benefits and results thereof; the Company's plans and intentions with respect to the proposed operations of Hempalta Processing Inc., including the offering of key product lines for licensing, the ceasing of active processing operations and the marketing and sale of pre-processed products, and the expected benefits and results thereof; the Private Placement, including the proposed use of proceeds thereof; and the Company's pursual of strategic partnerships, the marketing of its turnkey hemp production facility and processing equipment, and the entertaining of licensing proposals to advance its product lines. Such forward-looking information is based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the ability of the Company to successfully implement its strategic plans and initiatives and the expected benefits therefrom; the anticipated benefits of the business of HCS; the anticipated benefits from marketing the processing equipment; the ability of farms and sites currently signed up by HCS to grow hemp; the Private Placement and the ability of the Company to raise the anticipated proceeds under the Private Placement; the Company using the proceeds of the Private Placement as currently anticipated; required regulatory approvals; the ability of the Company to effect its proposed strategy and business plans; and the ability of HCS to sell carbon removal credits through the Voluntary Credit Market. 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: the risk that the Company will not be able to effect the proposed focus on the carbon credit business as anticipated or at all, and the risk that the carbon credit business will not yield benefits as anticipated or at all; regulatory requirements, including any requirements of the TSXV; the risk that the Company will not be able to effect the sale of the processing equipment and the risk that the sale will not yield the benefits as anticipated or at all; delays in obtaining or failure to obtain required regulatory approvals for the Private Placement; the risk that the Private Placement will not be completed as anticipated or at all, including inability to raise proceeds under the Private Placement; the inability of the Company to utilize the anticipated proceeds of the Private Placement as anticipated; risks associated with general economic conditions; conditions in the carbon credit markets; adverse industry events; the risk that the Company will not be able to successfully market the hemp production facility and processing equipment, and if done successfully, the risk that the benefits therefrom will not be as anticipated; delays or changes in the Company's plans with respect to HCS and Hempalta Processing Inc.; the risk that farms and sites currently signed up by HCS will not grow or be able to grow industrial hemp as anticipated or at all; the risk that HCS may not be able to sell carbon removal credits as anticipated or at all; adverse weather conditions affecting the growth of hemp; future legislative, tax and regulatory developments; and the ability of management to execute its business strategy, objectives and plans. 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/237917
News Provided by Newsfile via QuoteMedia
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.
Annual Financial Results
Full Ownership of Hemp Carbon Credits Platform
In December 2024, Hempalta acquired the remaining 49.9% interest in HCS, solidifying 100% ownership of the hemp-focused carbon credit platform. Building on the initial acquisition of a 50.1% stake in May 2024, the completed purchase significantly strengthens Hempalta's commitment to sustainable business practices.
With full operational control of HCS's proprietary methodologies and verification processes, the Company will work to scale its global sustainability payment program, empowering industrial hemp farmers to capitalize on regenerative cultivation methods. This integration positions Hempalta to deliver premium-quality carbon credits efficiently to corporate buyers, while positioning itself as a boutique hemp carbon credit supplier in the evolving voluntary carbon market.
The demand for carbon credits is increasing as companies seek to reduce their carbon footprint and mitigate climate change. Industrial hemp possesses the capacity to absorb substantial amounts of carbon dioxide ("CO2") during its rapid growth cycle. HCS has been a pioneer in the generation of carbon credits derived from the industrial hemp crop life cycle.
HCS's precision quantification methodology leverages cutting-edge remote sensing technology, ensuring the accurate measurement of CO2 removal within the biomass of the industrial hemp crop and associated topsoil. This approach guarantees transparency and integrity in carbon accounting and helps corporate buyers of HCS carbon credits to achieve their sustainability goals. By participating in the voluntary carbon market, industrial hemp farmers can diversify their revenue streams and make meaningful contributions to climate change mitigation.
Outlook
Darren Bondar, Hempalta's President and Chief Executive Officer, said, "Our activity the past year has been focused on taking the company public for our investors and determining the best revenue-generating opportunities related to industrial hemp. To that end, we've achieved 100% ownership of a global hemp carbon credit platform that enables us to seek out new markets worldwide and participate in the growing carbon credit marketplace. Full ownership means we can now streamline operations, strengthen our technology platform, and provide value to our partners and investors through a low capex, highly scalable platform that enables farmers and corporate buyers to reduce their carbon footprints."
Investor Updates
Investors can stay updated on Hempalta's investor announcements by subscribing to our mailing list. Click here to subscribe and join our community as we advance towards a greener future.
About Hempalta
Hempalta Corp. (TSXV: HEMP) is a publicly traded agricultural technology company listed on the TSX Venture Exchange, focused on harnessing the immense potential of hemp.
Hempalta participates in the global hemp carbon credit industry through its 100% ownership of Hemp Carbon Standard Inc. The Company also utilizes advanced agricultural technology to process industrial hemp at scale with resulting products made from hemp grown sustainably in Alberta and processed through a state-of-the-art processing plant at its production facility in Calgary, Alberta.
The Company is led by passionate advocates for industrial hemp who have years of operations, manufacturing, marketing, consumer packaged goods, and retail sales experience. Hempalta has been named a Top 10 Startup by Platform Calgary's Launch Party and recognized as one of the 50 most investable clean technology companies by Foresight Canada. Learn more at www.hempalta.com.
HEMP TO BETTER THE PLANETâ„¢
For more information, please contact:
Darren Bondar
Chief Executive Officer
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" 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 benefits of the acquisition of the remaining 49.9% interest in HCS; the Company's plans with respect to the HCS platform, including the scaling of such program; the demand for carbon credits increasing; industrial hemp farmers being able to diversify their revenue streams by participating in the Voluntary Carbon Market; and the Company adding a global hemp carbon credit platform that enables it to seek out new markets worldwide and participate in the growing carbon credit market place. Such forward-looking information is based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the ability of the Company to successfully implement its strategic plans and initiatives and the expected benefits therefrom; the anticipated benefits of the HCS acquisition; the ability of farms and sites currently signed up by HCS to grow hemp; and the ability of HCS to sell carbon removal credits through the Voluntary Credit Market. 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: the risk that the benefits from the HCS acquisition will not be as anticipated; risks associated with general economic conditions; conditions in the carbon credit markets; adverse industry events; the risk that farms and sites currently signed up by HCS will not grow or be able to grow industrial hemp as anticipated or at all; the risk that HCS may not be able to sell carbon removal credits as anticipated or at all; adverse weather conditions affecting the growth of hemp; future legislative, tax and regulatory developments; and the ability of management to execute its business strategy, objectives and plans. 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/234345
News Provided by Newsfile via QuoteMedia
