BluSky Carbon Inc. Partners with Cula Technologies and Trades on OTCQB Market

BluSky Carbon Inc. has announced a partnership with Cula Technologies GmbH for data verification services and the listing of its common shares on the US-based OTCQB Market under the symbol "BSKCF.". This collaboration aims to bolster transparency and data accuracy in carbon credit certification through Cula's advanced MRV platform, which integrates seamlessly with BluSky's operations.

The partnership provides full visibility into BluSky's carbon removal processes, ensuring data-backed credibility. CEO of Cula, Mo Spranger, emphasized the importance of high transparency and rapid scalability for effective carbon removal. BluSky CEO, Will Hessert, highlighted how Cula's technology bridges the gap between real-world processes and carbon credits.

BluSky is now trading on the OTCQB Market, while awaiting DTC eligibility for electronic clearing and settlement, anticipated in Q3 2024. The shares will also remain listed on the Canadian Securities Exchange (CSE) and the Frankfurt exchange (FWB).

Additionally, BluSky has terminated its letter of intent with Carbon Alliance Group Inc. and will not proceed with the acquisition. This decision follows their recent strategic pivot towards leveraging technology for carbon removal efficiency.