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Carbon Streaming Corp. reports a $67.4M loss, cuts staff to 4, and plans to seek new partnerships.
Carbon Streaming Corp. announced its 2024 financial results, reporting a net loss of $67.4 million, with a focus on restructuring and reducing its workforce from 24 to 4 employees.
Despite challenges in the voluntary carbon market, the company maintained an end-of-year cash balance of $37.4 million and no debt.
It plans to explore strategic partnerships and acquisitions to enhance shareholder value.
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