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Firma Holdings Corporation reports developments tied to its diversified holding-company model, including asset-backed platform strategy, subsidiary activity, operating initiatives, and international relationship development across commodities, mining, secured finance, and alternative assets.
Company news has also covered Jamore Food & Beverage International packaging and distribution activity, Monochrome Corp. chemical and petroleum product sourcing, Saddle Creek precious-metals and regional asset entities, acquisition activity involving Pure North Markets Limited, and corporate marketing or advisory relationships.
Firma Advanced Carbon Materials Inc. has initiated production at the NorthStar Sustainable Energy facility in Kentucky, specifically at the Huff Plant designed for advanced coal cleaning. The facility can process up to 450 tons per hour. The company is set to ship its first multi-year coal order in June 2021. NorthStar aims to be a carbon-neutral coal company and is expanding its operations with three new metallurgical mines. The management team has over 120 years of combined experience in resource management, supporting the company’s efficient operations.
Firma Advanced Carbon Materials Inc. has announced its acquisition of a 51% interest in NorthStar Sustainable Energy LLC, a Kentucky-based carbon enhancement facility. The Huff Plant, which features a capacity of 450 tons/hr, is set to support the development of metallurgical coal, essential for steelmaking. This transaction is expected to enhance Firma's strategic position in carbon-neutral coal production. The acquisition aligns with Firma's goals to foster growth in established companies and optimize resource utilization.
Firma Holdings Corp. (OTC PINK:FRMA) announced its acquisition of a 51% stake in Innovative Product Solutions Inc (IPS), a product marketing firm based in Colorado. The deal involves issuing 30 million shares of restricted stock and is subject to a 30-day due diligence period. IPS's successful product launches and established client base, including brands like PROOF Ice Cream and STRÄVA Coffee, position the acquisition for growth. However, if IPS does not achieve $1 million in gross revenue within two years, 7.5 million shares will be returned to Firma Holdings.
Firma Holdings Corp. (OTC PINK:FRMA) announced a corporate update on March 8, 2021, focusing on financial restructuring and the establishment of two new subsidiaries: Firma Advanced Carbon Materials, Inc. and Firma Renewables Corp.. These subsidiaries aim to develop sustainable technologies and are currently in negotiations with notable partners in their fields. Additionally, the company is updating its financials to comply with OTC Markets requirements and plans to launch a new website on March 9, 2021.
Firma Holdings Corp. (OTC PINK:FRMA) has announced that Fastech Solutions is now an Authorized Distributor of HOT WHEELS™ Americana Series™ PRO Premium Car Care. The products will be available at 152 dealerships across several states, enhancing sales opportunities for Fastech’s automotive customers. Firma holds a 5% stake in AmericanaPro Automotive, LLC, with rights to acquire an additional 5%. This partnership aims to boost revenue through high-quality car care products, appealing to both automotive professionals and retail consumers.
Firma Holdings Corp. (OTC:FRMA) has finalized the acquisition of 100% of Monochrome Corp., enhancing its position in the consumer products sector. This acquisition combines Monochrome’s dual high-growth market strategies with Firma’s distribution capabilities, integrating both traditional and e-commerce channels. Monochrome's focus on health-oriented products, alongside its existing Personal Protective Equipment (PPE) line, positions the company to meet rising market demands. Firma's future plans include seeking additional acquisitions and partnerships within industrial and consumer products sectors.