Canada Carbon resumes trading, consolidates shares 10-to-1

Canada Carbon Inc. (TSX-V: CCB) announced trading of its common shares will resume on the TSX Venture Exchange after being halted. The company held its first annual meeting since January 2024 on January 21, 2026.

Shareholders approved a share consolidation of up to 10 pre-consolidation shares for one post-consolidation share. The company currently has 242,281,512 common shares outstanding, which would reduce to approximately 24,228,151 shares following the consolidation. The consolidation is expected to be completed by April 30, 2026.

The company also adopted an omnibus equity incentive plan after amendments to comply with TSX Venture Exchange policies. The plan provides for stock options representing up to 10% of outstanding common shares and a fixed maximum of 24,228,151 shares available for other equity awards.

Canada Carbon announced leadership changes, with CEO Ellerton Castor resigning effective March 31, 2026, and CFO Remantra Sheopaul resigning immediately. Director Arran Thorpe was appointed as interim CEO and CFO. The company received a 90-day notice from the exchange to remedy the non-separation of the CEO and CFO positions, as exchange policy prohibits one individual from holding both roles.

The company reported a working capital deficiency of $2,536,783 and net tangible assets deficiency of $2,561,783 as of September 30, 2025. Canada Carbon plans to address these deficiencies through cost reduction, deferred payables, and potential financings. The exchange placed the company on a 90-day notice for potential transfer from Tier 1 to Tier 2 due to these financial deficiencies.

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