[Music] welcome to CEO insights I'm Marilyn dezman with investing news.com I'm speaking with Darren bonder president and CEO of hemp palta a hemp based carbon Credit Solutions company hi Darren Hi how are you today I'm good thanks good good to have you thank you so you recently announced an enhanced strategic focus on nature-based carbon Credit Solutions what was the Ral for this pivot and how does it align with your company's long-term goals yeah it's a great question I mean we're looking at


the overall Market uh the hemp Market in particular and uh also for our investors you know where we can uh show the biggest return um we just realized that the uh the carbon Credit Opportunity was uh was the best spot for us as uh we can have an impact uh globally by monitoring farms uh in various countries we're already operating in 11 different countries monitoring farms and um and we have a very unique offering that uh that nobody else in the world uh at least to the best of our knowledge is doing with


Industrial Hemp so uh in looking at that and looking at the scalability of the opportunity um that we just felt that this was the the right time and the right pivot for us uh to uh to really optimize our operations and uh provide the best return for our shareholders so the the carbon credit Market is you know has been rapidly expanding and and there's increased scrutiny also on the effectiveness of offsets how are you positioning hemp palta as a credible and scalable solution within the carbon credit Market


yeah the voluntary carbon Market is expected to grow uh exponentially through 2030 40 and 50 as uh various countries have to meet um you know Net Zero targets uh so the um you know the the one way that hemp Balta is able to play and be effective and uh provide quality credits uh is primarily based on our technology or one of the reasons is our technology uh where we use satellites uh and flux Towers to accurately measure report and verify uh the carbon credits that um that are generated from industrial hemp and uh


Industrial Hemp is actually one of the top sequestering crops that can be growing so uh it can you know one acre can sequester almost four to five tons of carbon on average uh which is you know significantly more than a tree and hemp generates you know every four months versus a tree sometimes takes 10 to 20 years to grow so um yeah through our technology um and the accuracy of that and our methodologies uh we're um yeah we're able to uh be a significant player in the voluntary carbon Market


can you talk about some of the regulatory or Market hurdles uh facing your sector and how are you working to address them there's not really very many regulatory hurdles per se well I guess it just depends on the country I mean hemp has being a polarizing crop across the world world for many many years um and uh you know it often gets tied uh into cannabis but it's very different as there's you know less than point3 THC content so um yeah more and more countries are accepting Industrial


Hemp as a a key crop that uh they can grow and in some cases uh can can make a significant shift in their uh agricultural practices um so we don't really face any regulatory hurdles I guess the biggest uh scrutiny that we were uh fac is just ensuring that our the efficacy of our credits and the quality of our credits U meet the demands and the requirements of the voluntary carbon Market buyers so for those um not very familiar with the whole process can you maybe talk about the process but particularly for the


industrial hemp Farmers how can they get on board how can they participate in this program yeah we make vit as easy as possible for our uh hemp Farmers um or for New farmers in particular anybody who wants to grow industrial hemp um by growing Industrial Hemp it's a form of regenerative agriculture in the sense that uh it really does help restore their soil uh so a farmer all they need to do is contact us uh to sign up for our program and commit to uh practicing regenerative agriculture um through uh


through our methodologies and uh we take the field that they're growing on which we call and we create a shape file and then uh over the course of the year um before they start growing hemp to the time that they uh grow uh we're mon ing that field field using the satellites and flux towers and uh we can actually physically see um the amount of carbon that is being sequestered so we do all that work for them and um uh we help them Market their uh their credits and uh and then hopefully uh at the end of


the season or um before that or during uh we're able to write them checks uh from the carbon credit buyers uh who are are supporting their projects and supporting their regenerative agriculture practices and you also announced a proposed non- broker private placement how are the proceeds going to be allocated yeah really is just a general working capital um to uh help improve our overall efficiency in marketing uh the the credits uh in optimizing our technology and our blockchain um and um and really just


ensuring that the company has the liquidity that it needs to uh to be successful support our farmers and be successful for our shareholders great well thanks again Darren for taking the time to speak with me yeah thank you Marilyn and all of our uh investor news network uh listeners great and thanks everyone for watching join us again next time for another edition of CEO insights [Music]