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CARBON STREAMING CORP - $OFSTF STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CARBON STREAMING's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CARBON STREAMING's position in the market.

Rhea-AI Summary
Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) reported strong financial results for Q2 2023, ending the quarter with $59.4 million in cash and no corporate debt. The company recognized a net loss of $9.2 million, but adjusted net loss improved to $0.8 million. Carbon Streaming added a reforestation project to its portfolio and undertook cost-cutting measures, resulting in a non-recurring corporate restructuring charge of $1.6 million. The company also increased its upfront investment in the Waverly Biochar Stream. Financial highlights include $44,000 in revenue from the sale of purchased carbon credits, with a gross profit of $10,000. The company settled 97,184 carbon credits under carbon credit streaming agreements and incurred other operating expenses of $3.4 million.
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Rhea-AI Summary
Mast Reforestation secures $15 million financing agreement with Carbon Streaming Corporation to accelerate post-wildfire reforestation projects in the American West. Carbon Streaming will also invest $2 million in Mast. The financing will allow Mast to serve more landowners affected by wildfires and expand its reforestation services. In exchange, Carbon Streaming will receive carbon removal credits.
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CARBON STREAMING CORP

OTC:OFSTF

OFSTF Rankings

OFSTF Stock Data

22.67M
46.10M
5.68%
0.02%
Crushed and Broken Limestone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Toronto