TORONTO–(BUSINESS WIRE)–May 10, 2023–
Carbon Streaming Corporation (NEO: NETZ ) (OTCQB: OFSTF ) (FSE: M2Q ) (“ Carbon Streaming ” or the “ Company ”) is pleased to announce that it has entered into a project pipeline streaming agreement (the “ Pipeline Agreement ”) for up to US$15 million with Mast Reforestation SPV I, LLC (“ Mast ”), and its parent company, Mast Reforestation, to advance its pipeline of post-wildfire reforestation projects in the Western USA and signed its first carbon streaming agreement (the “ Sheep Creek Reforestation Stream ”) under the Pipeline Agreement for the Sheep Creek Ranch project (the “ Sheep Creek Reforestation Project ”) in Montana, USA. Concurrently, the Company is investing US$2 million into the parent company of Mast, through a convertible note, joining Mast’s existing investors, including Social Capital, Alexis Ohanian’s Seven Seven Six, DBL Partners, Marc Benioff’s TIME Ventures, and Elemental Excelerator, among others.