HEMPALTA, a Canadian AgTech company based in Calgary, Alberta, has acquired the remaining 49.9% of Hemp Carbon Standard Inc. (HCS), securing full ownership of the carbon credit platform. This move allows HEMPALTA to streamline operations and scale its carbon-credit solutions globally. The transaction involves an initial payment of C$90,000 and performance-based earnouts tied to future carbon credit sales.

HCS supports industrial hemp farmers by providing methodologies to measure, report, and verify carbon sequestration, enabling them to monetize carbon credits. In 2024, HCS managed 13,556 acres across Canada, the U.S., and international markets—a 337% increase over the previous year—and expects to certify 50,000 credits from the growing season.

HEMPALTA’s acquisition aligns with its broader mission of advancing sustainable practices. The company also processes hemp into products such as animal bedding, pet litter, hempcrete hurd, and biocharBiochar is a carbon-rich material created from biomass decomposition in low-oxygen conditions. It has important applications in environmental remediation, soil improvement, agriculture, carbon sequestration, energy storage, and sustainable materials, promoting efficiency and reducing waste in various contexts while addressing climate change challenges. More. The addition of biochar, marketed through Biochar.ca, reflects HEMPALTA’s commitment to innovation. Biochar enhances soil health and generates high-value carbon credits, priced at approximately $100 per tonne of CO2 sequestered.

CEO Darren Bondar stated that full ownership of HCS strengthens HEMPALTA’s ability to deliver high-quality carbon credits while supporting farmers and corporate buyers in reducing their carbon footprints. With global demand for carbon credits rising, HEMPALTA is well-positioned to become a key player in the voluntary carbon market.

Learn more about HEMPALTA at hempalta.com.