Malachite Innovations [OTC:MLCT] is an OTC-listed US micro cap stock worth keeping tabs on. The market cap is low - a mere $14m - but the company looks in good financial health. It can be described as an impact investment enterprise which is probably deserving of more attention from the investment community, especially in North America.
Headquartered in Cleveland, Ohio, Malachite Innovations is dedicated to improving the health and wellness of people and the planet through a novel and innovative approach to impact investing. Its operating businesses focus on developing long-term solutions to environmental, social and health challenges, with a particular focus on economically disadvantaged communities. It's about the people as well as the environment that they live in.
Malachite Innovations takes what it calls "an opportunistic approach to impact investing" by leveraging its competitive advantages and looking at solving old problems in new ways. It seeks to thoughtfully allocate its capital into ventures that are expected to make a positive impact on the people-planet ecosystem and generate strong investment returns for its shareholders.
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