
Hempalta Secures 90-Day FCC Forbearance Extension as Company Completes Certification of 2024 Carbon Credits
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Company reinforces strategic pivot to carbon credit market with expanded global footprint and verified removals
Calgary, Alberta – July 4, 2025 – Hempalta Corp. (TSXV: HEMP) (“Hempalta” or the “Company”), a Canadian-based provider of nature-based carbon credit solutions, is pleased to announce that Farm Credit Canada ("FCC") has granted a 90-day extension to its current forbearance agreement (the "Extension"). The Extension runs to September 30, 2025, providing the Company with critical flexibility as it advances several strategic initiatives, including a planned equipment sale, ongoing carbon credit inventory sales, and new investor engagement efforts.
“We appreciate the additional runway this extension provides as we focus on delivering value for our stakeholders through our monetization plan and the continued growth of our carbon-first strategy under the Hemp Carbon Standard,” said Darren Bondar, President and CEO of Hempalta.
2024 Carbon Credits Certified by Control Union
Hempalta is pleased to announce that its 2024 carbon credit inventory has now been fully certified by third-party auditor Control Union. A total of 29,448 Verified Carbon Credits ("VCCs") were issued under the Company’s ISO 14064-2 certified methodology, bringing its total verified carbon sequestration to 44,773 tonnes of CO₂ over the past two years.
The 2024 program included:
- 38 farms across 209 sites
- 12,669 monitored acres
- Global operations spanning Canada, USA, UK, Ukraine, Sweden, Germany, and Australia
Hempalta continues to deploy advanced MRV technology, including remote sensing, satellite monitoring, and AI-based data aggregation to ensure transparency and scientific integrity.
Forward Outlook
With the Extension and the completion of its 2024 credit certification, Hempalta is now well-positioned to accelerate the sale of its current processing equipment and execute the next phase of its carbon-first growth strategy.
The Company continues to advance its 25,000-acre Alberta hemp and biochar carbon removal program, which is projected to generate 100,000 verified carbon credits annually. This initiative represents one of Canada’s largest nature-based carbon projects, and Hempalta is actively seeking strategic partners and long-term offtake buyers to support its multi-year scaling efforts.
In parallel, Hempalta’s 2025 monitoring and field data collection is already underway across farms in Canada, USA, UK, Ukraine, Sweden, Germany, and Australia.
“The market is demanding higher-integrity removal credits, and that’s exactly what we deliver,” said Bondar. “Our expanded global footprint, certified methodologies, and growing buyer interest position us to lead the next generation of nature-based carbon solutions.” Organizations interested in partnering or purchasing credits can contact: carboncredits@hempalta.com.
About Hempalta Corp.
Hempalta Corp. (TSXV: HEMP) is advancing scalable, nature-based carbon removal through industrial hemp and on-farm biochar deployment. Through its subsidiary Hemp Carbon Standard, the Company provides ISO-certified carbon credits verified via AI, satellite monitoring, and blockchain infrastructure.
Media Contact:
Darren Bondar
CEO, Hempalta Corp.
invest@hempalta.com
www.hempalta.com | www.hempcarbonstandard.org | www.trustedcarbon.org
TSXV: HEMP
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