Carbon Streaming Corporation Stock Price, News & Analysis

Carbon Streaming Corporation (OTCQB: OFSTF) announces a carbon credit streaming agreement with Will Solutions Inc. to expand sustainable community projects in Quebec and Ontario. The agreement involves an initial investment of US$4 million and potential total funding up to US$20 million for these projects, which aim to generate over 100 million Verified Carbon Units (VCUs) over ten years. Carbon Streaming expects to receive 50% of the VCUs, projected to reach up to 44.1 million carbon credits.

The collaboration between IG Wealth Management and Carbon Streaming Corporation aims to create the IG Climate Action Portfolios, innovative investment solutions for Canadians focused on net-zero emissions. These portfolios will offset their asset emissions through purchasing and retiring carbon credits, improving their environmental impact. The first year's credits will come from the Rimba Raya Biodiversity Reserve, promoting sustainable investment. IG Wealth Management oversees $111.6 billion in assets, while Carbon Streaming specializes in carbon credit investments, enhancing climate action opportunities for investors.

Carbon Streaming Corporation (OTCQB: OFSTF) has entered a US$20 million carbon credit streaming agreement with Community Carbon and UpEnergy Group to distribute fuel-efficient cookstoves and water solutions across eastern and southern Africa. This initiative aims to deliver 3.5 million devices and reduce approximately 50 million tonnes of CO₂ emissions over 15 years. The company will invest US$6.5 million upfront, with additional milestone payments of US$13.5 million. The project includes verified carbon credits under The Gold Standard and Verra.

Carbon Streaming Corporation (OTCQB: OFSTF) reported its financial results for Q3 2022, with a net income of $48.5 million, despite facing a $53.5 million non-cash charge. Excluding this charge, the adjusted net loss was $5.0 million. The company has $102.5 million in cash and no debt, positioning itself strongly for future growth. A significant milestone was achieved with the filing of a registration statement to list on the Nasdaq. Additionally, the investment pipeline is estimated at over $1 billion with multiple opportunities in development.

Carbon Streaming Corporation (OTCQB: OFSTF) announced a carbon credit streaming agreement with Restoration Bioproducts to support a biochar production facility in Virginia. This project represents Carbon Streaming's first carbon stream for biochar and its first in the U.S., enhancing geographic diversification. The facility is projected to reduce over 161,000 tonnes of CO2 equivalent emissions over 25 years, generating an equal number of CO2 Removal Certificates (CORCs). Initial cash investment totals US$0.6 million, with further milestone payments expected.

Carbon Streaming Corporation (NEO: NETZ, OTCQB: OFSTF) will disclose its interim financial results for Q1 2022 on May 16, 2022. An investor conference call is scheduled for May 17, 2022, at 11:00 a.m. EDT, where details of the financial results will be shared. Participants can register for the call via a provided link, and a recording will be accessible on the Company’s website until June 1, 2022.

Carbon Streaming focuses on investing in carbon credit projects to support climate goals.

Carbon Streaming Corporation (OTCQB: OFSTF) has announced multiple investment opportunities in late-stage negotiation, aimed at diversifying its portfolio globally. The total investment pipeline now exceeds US$1 billion. The company, with US$100 million in cash and no debt, is also monitoring Indonesia's pause on carbon credit validation, which might affect its interest in the Rimba Raya Biodiversity Reserve Project. Additionally, the company is working towards a potential listing on Nasdaq.

Carbon Streaming Corporation (OTCQB: OFSTF) has announced the appointment of Oliver Forster as Vice President of Sales. This strategic addition precedes the anticipated first delivery of carbon credits from prior streaming agreements. CEO Justin Cochrane praised Forster’s extensive background in carbon credit sales and corporate sustainability. With nearly a decade in climate action and consulting, Forster aims to bolster the company’s efforts in carbon credit acquisition and management, positioning Carbon Streaming for future growth.

Carbon Streaming Corporation has filed a Form 40-F with the SEC, a crucial step towards listing its common shares and warrants on Nasdaq. This move aims to broaden its shareholder base and provide investors with access to the emerging asset class of carbon credits. However, the listing is contingent on Nasdaq approval and the effectiveness of the Form 40-F, meaning there are no guarantees for the listing or its anticipated timeline. Until then, shares will continue to trade under the ticker OFSTF on the OTCQB.