Hempalta Secures 90-Day FCC Forbearance Extension as Company Completes Certification of 2024 Carbon Credits

Hempalta Secures 90-Day FCC Forbearance Extension as Company Completes Certification of 2024 Carbon Credits

Company reinforces strategic pivot to carbon credit market with expanded global footprint and verified removals

Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company"), a Canadian-based provider of nature-based carbon credit solutions, is pleased to announce that Farm Credit Canada ("FCC") has granted a 90-day extension to its current forbearance agreement (the "Extension"). The Extension runs to September 30, 2025, providing the Company with critical flexibility as it advances several strategic initiatives, including a planned equipment sale, ongoing carbon credit inventory sales, and new investor engagement efforts.

"We appreciate the additional runway this extension provides as we focus on delivering value for our stakeholders through our monetization plan and the continued growth of our carbon-first strategy under the Hemp Carbon Standard," said Darren Bondar, President and CEO of Hempalta.

2024 Carbon Credits Certified by Control Union

Hempalta is pleased to announce that its 2024 carbon credit inventory has now been fully certified by third-party auditor Control Union. A total of 29,448 Verified Carbon Credits ("VCCs") were issued under the Company's ISO 14064-2 certified methodology, bringing its total verified carbon sequestration to 44,773 tonnes of COâ‚‚ over the past two years.

The 2024 program included:

  • 38 farms across 209 sites
  • 12,669 monitored acres
  • Global operations spanning Canada, USA, UK, Ukraine, Sweden, Germany, and Australia

Hempalta continues to deploy advanced MRV technology, including remote sensing, satellite monitoring, and AI-based data aggregation to ensure transparency and scientific integrity.

Forward Outlook

With the Extension and the completion of its 2024 credit certification, Hempalta is now well-positioned to accelerate the sale of its current processing equipment and execute the next phase of its carbon-first growth strategy.

The Company continues to advance its 25,000-acre Alberta hemp and biochar carbon removal program, which is projected to generate 100,000 verified carbon credits annually. This initiative represents one of Canada's largest nature-based carbon projects, and Hempalta is actively seeking strategic partners and long-term offtake buyers to support its multi-year scaling efforts.

In parallel, Hempalta's 2025 monitoring and field data collection is already underway across farms in Canada, USA, UK, Ukraine, Sweden, Germany, and Australia. "The market is demanding higher-integrity removal credits, and that's exactly what we deliver," said Bondar. "Our expanded global footprint, certified methodologies, and growing buyer interest position us to lead the next generation of nature-based carbon solutions." Organizations interested in partnering or purchasing credits can contact: carboncredits@hempalta.com.

About Hempalta Corp.

Hempalta Corp. (TSXV: HEMP) is advancing scalable, nature-based carbon removal through industrial hemp and on-farm biochar deployment. Through its subsidiary Hemp Carbon Standard, the Company provides ISO-certified carbon credits verified via AI, satellite monitoring, and blockchain infrastructure.

TSXV: HEMP

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 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 "expects," "plans," "continues," "intends," "anticipates," "potential," "aims," "will," 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 ability to secure new strategic partnerships; the Company focusing on nature-based carbon credit generation; the Company scaling carbon credit issuance, including its Alberta-based program targeting 100,000 credits annually; the successful sale of verified 2024 carbon credits; the success of the 2025 monitoring program; the Company's ability to complete its planned equipment sale; the ongoing support from Farm Credit Canada during the forbearance period; the Company seeking to establish multi-year offtake agreements; and Hempalta's focus on unlocking long-term value through its pivot to carbon markets, including the development of a scalable platform to support nature-based climate solutions.

Such forward-looking information is based on various assumptions and factors that may prove to be incorrect, including, but not limited to: continued support from major shareholders and new investors; demand for nature-based carbon removal credits; successful onboarding of additional farmers and Indigenous partners; favorable regulatory conditions; availability and deployment of biochar systems at scale; supportive market conditions and regulatory alignment in Alberta and internationally; the Company's ability to maintain forbearance terms and execute its strategic plan; and the successful certification and sale of carbon credits.

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 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: economic conditions and capital market volatility; changes in carbon credit market demand or pricing; regulatory changes; operational risks, including the ability to implement the Hemp Carbon Standard program at scale; the Company's limited financial resources and ongoing need for capital; the risk that the Company may not generate sufficient revenue or complete its asset sale; delays in technology deployment or verification; inability to retain key personnel; and weather-related challenges impacting hemp cultivation.

The forward-looking information included in this news release is made as of the date of this 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

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Hempalta Issues Open Call for Strategic Partnerships to Scale Alberta-Based Nature-Based Carbon Program

Hempalta Issues Open Call for Strategic Partnerships to Scale Alberta-Based Nature-Based Carbon Program

Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company"), a Canadian-based provider of nature-based carbon credit solutions, is pleased to announce an open call for strategic partnerships to support the scale-up of its closed-loop, on-farm carbon removal program — already operating with 13 Alberta farms and over 10,000 acres of regenerative hemp cultivation.

The initiative builds on Hempalta's existing verified success and aims to expand to 25,000 acres in Alberta, delivering high-durability carbon removal credits through the transformation of agricultural waste into biochar — a nature-based climate solution recognized for its permanence and co-benefits to soil health.

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Hempalta Provides Strategic Update Regarding Equipment Sale and FCC Agreement

Hempalta Provides Strategic Update Regarding Equipment Sale and FCC Agreement

Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company"), a Canadian-based provider of nature-based carbon credit solutions, today issued a corporate update outlining recent developments in its strategic transition.

Equipment Sale Update

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Hempalta Announces Participation in the 2025 Canadian Climate Investor Conference

Hempalta Announces Participation in the 2025 Canadian Climate Investor Conference

Hempalta (TSXV: HEMP), an agricultural clean-tech company that leverages its value chain and knowledge to generate global carbon credit solutions from industrial hemp and other nature based solutions, announced today that it will be presenting at the 2025 Canadian Climate Investor Conference (CCIC), taking place on Wednesday June 11, 2025 at the Arcadian Court in Toronto, Ontario.

For a complete agenda of the conference and to register, see the conference website here: https://events.tsx.com/ccic/.

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Hempalta Provides Update on Strategic Transition, Plant Closure, FCC Loan, and Carbon Credit Progress

Hempalta Provides Update on Strategic Transition, Plant Closure, FCC Loan, and Carbon Credit Progress

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.

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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.

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NorthStar Gaming Reports Second Quarter 2025 Results

NorthStar Gaming Reports Second Quarter 2025 Results

Double-digit revenue growth and record gross margin underscore NorthStar's scalable growth model

NorthStar Gaming Holdings Inc. (TSXV: BET,OTC:NSBBF) (OTCQB: NSBBF) ("NorthStar" or the "Company") today announced its financial results for the three- and six-month periods ended June 30, 2025. All dollar figures are quoted in Canadian dollars.

"Our team maintained our pattern of solid year-over-year growth, led by managed services revenue more than doubling over the second quarter of last year," said Michael Moskowitz, Chair and CEO of NorthStar. "Operating leverage driven by continued growth of the business has led to gross margin continuing to outpace revenue growth, with Q2 2025 gross margin percentage reaching an all-time high of 40.8%, advancing our path to profitability. Ongoing innovation and efficiency in our marketing program is enabling us to drive growth while at the same time reducing operating expenses as a percentage of revenue."

Financial Highlights for the Second Quarter Ended June 30, 2025 ("Q2 2025"):

  • Revenue1 was $8.5 million in Q2 2025, a 15% increase from $7.4 million in Q2 2024. Revenue in Q2 2025 includes $0.9 million of managed services revenue, an increase of 125% from $0.4 million in Q2 2024.
  • Gross Margin was $3.5 million, a 25% increase from $2.8 million in Q2 2024, while the Gross Margin percentage increased to 40.8% of revenue, up from 37.6% in Q2 2024.
  • Profit before marketing and other expenses2 was $0.7 million in Q2 2025, an increase of 87% compared to $0.4 million in Q2 2024.
  • General and administrative expense was $2.7 million in Q2 2025, an increase of 14% from $2.4 million in Q2 2024. The increase is primarily due to $0.3 million of one-time expenses incurred in Q2 2025 associated with the restatement of prior financial results and disclosure review. G&A expense excluding one-time expenses represented 28.4% of revenue compared to 32.3% a year earlier.
  • Marketing expense was $3.1 million in Q2 2025, a decrease of 16% from $3.6 million in Q2 2024, and represented 35.8% of revenue compared to 48.8% in Q2 2024. The Company continues to realize efficiencies in its marketing program.

Financial Highlights for the Six-Month Period Ended June 30, 2025 ("YTD 2025"):

  • Revenue1 was $16.4 million in YTD 2025, a 23% increase from $13.4 million in YTD 2024. Revenue in YTD 2025 includes $1.1 million of managed services revenue, an increase of 120% from $0.5 million in YTD 2024.
  • Gross Margin was $6.5 million, a 39% increase from $4.7 million in YTD 2024, while the Gross Margin percentage increased to 39.7% of revenue, up from 34.9% in YTD 2024.
  • Profit before marketing and other expenses2 was $1.3 million in YTD 2025 compared to a loss of $(0.1) million in YTD 2024.
  • General and administrative expense was $5.2 million in YTD 2025, an increase of 8% from $4.8 million in YTD 2024. The increase is primarily due to $0.3 million of one-time expenses incurred in Q2 2025 associated with the restatement of prior financial results and disclosure review. As a percentage of revenue, G&A excluding one-time expenses decreased to 29.7% in YTD 2025 compared to 35.9% a year earlier.
  • Marketing expense of $7.2 million decreased 3% from $7.4 million in YTD 2024, and represented 43.7% of revenue compared to 55.1% in YTD 2024.

Recent Operating Highlights:

  • Launched "Summer of Spoils" marketing campaign highlighted by "Exceptionally Canadian" branding targeted at strengthening brand loyalty and player engagement through the busy summer months and reinforcing NorthStar's Canadian roots.
  • The Company sustained record-level customer retention, driven by repeat engagement from recent first-time depositors.
  • Realized continued improvement in cost per acquisition of a customer ("CPA"), down 10% from Q2 2024 due to the increasing efficiency of marketing programs.
  • Completed the Spring Tournament Series in April 2025, with both new and existing players showing higher-than-average engagement levels in subsequent months.
  • Initiated a comprehensive upgrade of our Casino UI/UX to enhance speed, flexibility and overall customer experience.
  • Established a new partnership with Snappy Inc. to deliver personalized, scalable gifting for our rapidly growing base of NorthStar ELITE members.
  • Celebrated our third birthday by hosting exclusive in-person experiences for select NorthStar ELITE members.

Outlook

"We expect to continue to deliver solid year-over-year growth in the coming quarters, driven by steady improvement in our business fundamentals and KPIs," said Mr. Moskowitz. "We have continued with our focus on financial discipline and prudent cost management to maintain our progress towards profitability. As the Ontario market matures, we are excited by growth opportunities in other regions of Canada through our managed services business and the anticipated introduction of regulatory frameworks in provinces such as Alberta."

Q2 2025 Corporate Update Webinar

On August 14, 2025, Michael Moskowitz will present an in-depth Corporate Update, including a discussion of the Company's Q2 2025 Earnings, current operations and strategic priorities. All investors and other interested parties are invited to register for the webinar at the link below.

Date: Thursday, August 14, 2025
Time: 11:00 am EDT
Register: Webinar Registration

Management will be available to answer your questions following the presentation on the webinar platform. You may also submit your question(s) beforehand in the registration form linked above.

Stock Option Cancellations

The Company also announces that it and certain directors, officers and consultants of the Company have, effective today's date, mutually agreed to cancel stock options (the "Cancelled Options") exercisable to acquire an aggregate of 6,026,779 common shares of the Company. These Cancelled Options were granted on March 3, 2023, with an expiry date of March 3, 2028, and were each exercisable at a price of $0.50 per common share. No consideration was paid for the surrender of the Cancelled Options.

Restatement of Results

The comparative results for the three- and six-month periods ended June 30, 2024 have been restated in the Company's financial statements and the corresponding management's discussion & analysis ("Q2 2025 MD&A") to include additional merchant fees and player bonus expenses which were not captured in the previously published financial statements. Please see note 2 of the Company's condensed consolidated interim financial statements for the three- and six-month periods ended June 30, 2025 ("Q2 2025 Financial Statements").

Additional Information

For additional information, please refer to the Q2 2025 Financial Statements and the corresponding Q2 2025 MD&A. These documents are available on SEDAR+ at www.sedarplus.ca, and on the Company's corporate website at www.northstargaming.ca.

About NorthStar

NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Non-IFRS Financial Measures

Throughout this document, management uses certain non-IFRS financial measures and supplementary financial measures to evaluate the performance of the Company. The term "Profit/(Loss) before marketing and other expenses" is a non-IFRS financial measure. This measure is not a recognized measure under International Financial Reporting Standards ("IFRS") and does not have a standardized meaning prescribed by IFRS and is, therefore, not necessarily comparable to similar measures presented by other companies. Rather, this measure is provided as additional information to complement those IFRS measures by providing further understanding of our results of operations from management's perspective and to discuss NorthStar's financial outlook. Accordingly, this measure should not be considered in isolation nor as a substitute for analysis of the Company's financial information reported under IFRS. We believe that securities analysts, investors and other interested parties frequently use non-IFRS measures, including industry metrics, in the evaluation of companies in our industry. Management also uses non-IFRS measures and industry metrics in order to facilitate operating performance comparisons from period to period, the preparation of annual operating budgets and forecasts and to determine components of executive compensation.

Operating Results

Marketing expenses are a key driver of the business but are completely discretionary. Management considers "Profit/(Loss) before marketing and other expenses" to be a good indication of the extent to which the business' Gross Margin is in excess of its overhead costs, and therefore offsetting some portion of marketing expenses, reflecting improving economies of scale.

$ Millions (unaudited)
Three months ended

Six months ended

June 30,
2025


June 30,
2024


June 30,
2025


June 30,
2024

Revenue $ 8,540
$ 7,431
$ 16,389
$ 13,361
Cost of Revenues
5,056

4,635

9,886

8,694
Gross Margin
3,484

2,796

6,503

4,667
General and administrative expenses
2,742

2,400

5,176

4,803
Profit/(Loss) before marketing and other expenses (1)
742

396

1,327

(136 )
Marketing
3,058

3,624

7,155

7,357
Loss before other expenses (1)
(2,316 )
(3,228 )
(5,828 )
(7,493 )
Other expenses
1,527

1,777

3,815

4,417
Net loss $ (3,843 ) $ (5,005 ) $ (9,643 ) $ (11,910 )

 

(1) These measures are not defined by IFRS, do not have standard meanings and may not be comparable with other industries or companies.

Cautionary Note Regarding Forward-Looking Information and Statements

This communication contains "forward-looking information" within the meaning of applicable securities laws in Canada ("forward-looking statements"), including without limitation, statements with respect to the following: expected performance of the Company's business, the Company's growth plans being fully funded, expansion into new markets and future growth opportunities, and expected benefits of transactions. The foregoing are provided for the purpose of presenting information about management's current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company's anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management's opinions, estimates and assumptions that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: risks related to the Company's business and financial position; risks associated with general economic conditions; adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies; and those factors discussed in greater detail under the "Risk Factors" section of the Company's most recent annual information form, which is available under NorthStar's profile on SEDAR+ at www.sedarplus.ca. Many of these risks are beyond the Company's control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

For further information: Company Contact:

Corey Goodman
Chief Development Officer 647-530-2387
investorrelations@northstargaming.ca

Investor Relations:
RB Milestone Group LLC (RBMG)
Northstar@rbmilestone.com

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NorthStar Gaming to Host Q2 2025 Earnings Webinar on August 14th

NorthStar Gaming to Host Q2 2025 Earnings Webinar on August 14th

NorthStar Gaming Holdings Inc. (TSXV: BET,OTC:NSBBF) (OTCQB: NSBBF) ("NorthStar" or the "Company") announces that it will hold an investor webinar on August 14th at 11:00 am EDT following the release of its results for the second quarter of 2025. The Company expects to announce its financial results and file its condensed consolidated interim financial statements for the three- and six-month periods ended June 30, 2025 and associated management's discussion and analysis on August 13, 2025.

NorthStar invites all investors and other interested parties to register for the webinar at the link below. Michael Moskowitz, Chairman and CEO, will be presenting the Company's financial results and an update on current operations and strategic priorities.

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Quarterly Activities/Appendix 4C Cash Flow Report

Quarterly Activities/Appendix 4C Cash Flow Report

IODM Ltd (IOD:AU) has announced Quarterly Activities/Appendix 4C Cash Flow Report

Download the PDF here.

NorthStar Gaming Announces Grant of Equity Incentive Awards to Non-Executive Directors in Lieu of Cash Compensation

NorthStar Gaming Announces Grant of Equity Incentive Awards to Non-Executive Directors in Lieu of Cash Compensation

NorthStar Gaming Holdings Inc. (TSXV: BET,OTC:NSBBF) (OTCQB: NSBBF) ("NorthStar" or the "Company") today announced that its Board of Directors approved the grant of equity incentive awards pursuant to the Company's Equity Incentive Plan (the "Plan").

The Company has granted an aggregate of 5,078,913 deferred share units ("DSUs") pursuant to the Plan to non-executive directors of the Company in lieu of cash compensation for their services rendered in 2024. Satisfying the compensation in share-based compensation is part of the Company's ongoing efforts to reduce costs. The DSUs vest immediately and may only be redeemed upon a holder ceasing to be a director of the Company.

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