Green tech stock watchlist- $POND With a global shift towards a focus on tackling climate change, carbon capture companies are worth looking into to jump on the growth potential in this sector.
$POND.V is a very innovative green tech stock that profitably transforms CO2 from any source into valuable algae-based products such as bioproducts, food ingredients, or nutraceuticals.
Recently released their financial results for Q2 ended June 30, 2021. Highlights included:
- Decrease in net loss- Q2 net loss of $697k (2020: $775k) was $78k lower as compared to Q2 2020 and $346k lower as compared to Q1 2021.
- Pond Naturals/Nutraceutical Revenue– Pond Naturals rev for the three months ended June 30, 2021 was $682k (lower by $268k from 2020). For the 6 months ended June 30, 2021, however, year-to-date revenues of $2,169,000 increased by $275k from 2020 (14.5%). This increase is a result of increases in both the sale of ingredients and astaxanthin products.
- Completing preliminary engineering work for the installation of a commercial facility in the UK with SIMEC Atlantis, hosted by the 220 MW Uskmouth power station.
- Pond completed a transaction with Grizzly Resources Ltd. to sell all of its interest in the Pembina oil and gas property. Grizzly assumed all abandonment and reclamation liabilities and will pay up to $2.25M in future conditional consideration to Pond upon the sale of the assets and/or upon the resumption of production.
They are currently sitting at $0.44 and have a tight share structure with a mc of $20.51M. Might take a little longer till they start making money but I think this method to use greenhouse gases to create algae products will be game-changing and they have lots of potential.