Mar. 28 at 11:24 AM
$OFSTF Carbon Streaming to continue to look for cash flow optimization opportunities
The company said, "In 2023, Carbon Streaming began repositioning itself for long-term success and sustainable shareholder value creation as the voluntary carbon market faced headwinds. In response, the Company initiated a corporate restructuring in 2023. The focus of the restructuring has been, and will continue to be, on cash flow optimization through the reduction of operating expenses and a reassessment of our existing streams and royalties in light of the evolving voluntary carbon market. To date, the steps taken by the Company have resulted in significant reductions to ongoing operating expenses and amendments to stream agreements. For example, the Company's other operating expenses have decreased by
$7.5 million for the fiscal year ended December 31, 2023 when compared to the previous twelve-month period. Also, in 2023, the Company amended the terms of the Nalgonda Rice Farming Stream...
