- Business
- Next Phase Ventures Ltd. is a Canadian TSX Venture Exchange-listed company focused on evaluating, developing, and operating businesses across emerging and evolving markets, with a current emphasis on providing a public-company platform for strategic transactions, including reverse takeovers, recapitalizations, mergers, business combinations, and asset acquisitions. The company was founded in 2021 and is headquartered in Calgary, Alberta, Canada. Its operations are centered on a transaction-ready listed vehicle with existing public-market infrastructure, reporting systems, governance oversight, and shareholder capital structure, and it is available for immediate engagement with qualified counterparties, investment bankers, and advisors.
Historically, the company operated as Hempalta Corp. and has since completed a corporate reset that included a name change to Next Phase Ventures Ltd. in May 2026, a governance refresh, debt rationalization initiatives, and the wind-down of legacy operating activities. The company reported a strategic repositioning during 2026, including a debt conversion and financing initiative, adoption of semi-annual financial reporting, and a new corporate website launched to reflect its evolving strategic direction. In September 2026, the company and its wholly owned subsidiary Hempalta Processing Inc. announced an FCC settlement framework and related-party funding update, adding to recent balance-sheet and restructuring activity.
As a former agricultural cleantech business, Next Phase Ventures previously produced and processed industrial hemp in North America using its HempTrain process, and its product set included Biochar+ soil enhancement products; Hemp-Fresco food-preservation products; HempyCat cat litter and animal bedding products; Hemp Garden Mulch for soil enrichment; HempZorb for natural spill clean-up; eco-building materials such as hurd for hempcrete; and commercial hemp outputs including bast fiber, hurd, and green microfiber. The company also participated in the hemp carbon credit market and had operated under the Hempalta brand before its strategic shift. The company now presents itself as a flexible public-market platform for growth-stage, international, acquisition-oriented, and private companies seeking access to Canadian capital markets.