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Scope Carbon Corp (OTCMKTS:SCPCF) Stock In Focus After Loan Agreement with Farm Flight Inc.

Ian Leigh , , , ,

This past Friday Scope Carbon Corp (OTCMKTS:SCPCF) announced that it had gone into a loan agreement with the firm Farm Flight Inc. As per the terms of the agreement Scope Carbon would provide Farm Flight with a loan with the principal amount of $70,000.

Trading Data

On Friday, SCPCF stock rose 2.50% to $2.0500with 0 shares, compared to its average volume 36.17K shares. The stock moved within a range of $0.0000 – 0.0000 after opening trade at $0.0000.

Scope Carbon Announces Loan Agreement with Farm Flight Inc.

That is also connected to an unsecured promissory note and also the proposed arm’s length transaction that had been announced previously with regards to the all share acquisition of Farm Flight. The loan in question had been advanced back on April 27, the effective date and would not carry any interest. The loan is supposed to be repaid one year from the day of the effective day in full.

Farm Flight would use the loan for taking care of its transaction and professional costs with regards to the above mentioned transaction and also for general corporate expenses. Farm Flight is based out of Temper in Arizona and provides an image based crop intelligence platform.

The technology provided by the company helps in regenerative agricultural practices, helps in boosting output for producers and also regulates waste effectively. Scope Carbon is a carbon mapping technology firm based out of Vancouver in British Columbia.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.