One of the companies which could be of interest among investors at this point in time is Karbon-X Corp (OTCMKTS:KARX). Since the beginning of the year, Karbon-X has been involved in reforestation efforts in the Chiquitania area in South American in collaboration with 4EverForest and Silviculture Systems Corp.
Karbon-X Corp Aquires An 80% Interest In Silviculture Systems Corp. To Accelerate Reforesstation Efforts In South America
As it happens, earlier on in the week on November 15, Karbon-X and Silviculture had signed an agreement by way of which the former was going to pick up an 80% stake in the latter. It was further noted that Silviculture was continue to operate its activities in Bolivia under its original brand name and staff after this development.
The picking up of the 80% stake from Karbon-X is going to provide Silviculture with the necessary capital as well by way of which it could further accelerate its tree planting efforts in a big way. It was noted that the capital infusion will help the company in planting as many as 5 million DipteryxAlata trees over the course of the coming years. The latest development was a significant one for Karbon-X and it is going to be interesting to see if the stock can manage to come into focus today.
Key Quote
“This strategic acquisition is a milestone event for Karbon-X and accelerates the company’s plans on developing projects around the world” said Karbon-X CEO, Chad Clovis.
