Business
Carbon Streaming Announces Financial Results for the Year Ended December 31, 2024
TORONTO, March 31, 2025 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today reported its financial results for the fiscal year ended December 31, 2024. All figures are expressed in United States dollars, unless otherwise indicated. The Company will host a live audio call at 11:00 a.m. ET on Tuesday, April 1, 2025. In addition, the Company is also pleased to announce the appointment of Mr. Sam Wong to the board of
About this update from Carbon Streaming Corporation
[{"type":"image","alt":"Carbon Streaming Corporation","displaySize":"","headline":null,"caption":"Carbon Streaming Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":243,"height":78,"url":"https://media.zenfs.com/en/globenewswire.com/ae9c2d234c9147d2436cdff96afaba92"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ckI2A2ImATbgtCA3gFihHw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzNTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/ae9c2d234c9147d2436cdff96afaba92","width":243,"height":78}},"lazy":false},{"type":"text","content":"TORONTO, March 31, 2025 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today reported its financial results for the fiscal year ended December 31, 2024. All figures are expressed in United States dollars, unless otherwise indicated. The Company will host a live audio call at 11:00 a.m. ET on Tuesday, April 1, 2025. In addition, the Company is also pleased to announce the appointment of Mr. Sam Wong to the board of directors of the Company (the “Board”) effective April 1, 2025.","length":563,"tagName":"p"},{"type":"text","content":"Carbon Streaming Chief Executive Officer Marin Katusa stated: “In the fourth quarter of 2024, Carbon Streaming focused on its restructuring efforts and evaluating strategic alternatives while taking significant steps to reduce costs and improve financial sustainability. We successfully reduced the number of individuals receiving full-time salaries from 24 at the start of 2024 to 4 by January 2025, resulting in significant savings to ongoing operating expenses. With cost reductions complete, our priority in 2025 is to maximize value from our existing portfolio while continuing to explore all strategic options to enhance shareholder value. More specifically, we will evaluate all potential acquisitions, divestments, corporate transactions, and strategic partnerships. While the voluntary carbon market continues to experience difficult market conditions and many economic uncertainties exist, we are committed to adapting to market conditions and ensuring the best path forward for our shareholders. With respect to the Rimba Raya, Magdalena Bay and Sustainable Community Streams, the Company remains focused on protecting our investments and preserving our rights as we will with all our inv...