BluSky Carbon Inc. agrees to acquire Carbon Alliance Group Inc. for expansion in carbon removal industry.

BluSky Carbon Inc. has entered into a binding LOI to acquire Carbon Alliance Group Inc., an established player in the carbon removal industry, aiming to expand its sales channel and feedstock pipeline. The deal involves a CAD$20,250 payment upon signing, CAD$275,000 in shares on closing, and 5% of gross profits from any biochar production facility sourced by Carbon Alliance. The transaction is subject to conditions, including securing necessary agreements and regulatory approvals, and will enhance BluSky's position in carbon removal and renewable energy sectors.

August 09, 2024
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