Aankondiging • Jan 06
Simply Solventless Concentrates Ltd. Appoints Charles Vennat to Its Board of Directors Simply Solventless Concentrates Ltd. announced the appointment of seasoned executive Charles Vennat to its board of directors. Charles is an accomplished CEO and corporate director with significant experience leading complex manufacturing, consumer packaged goods and regulated cannabis businesses. Charles currently serves as President & CEO of CMI Mulching. Prior thereto, Charles held senior leadership roles including Chief Executive Officer and Director of 48North, President & CEO of Greentone Enterprises, and President and Director of Bastos of Canada, providing him with deep expertise across the regulated cannabis and CPG sectors. Charles is active in community and philanthropic initiatives focused on education, healthcare, and the armed forces, and is a member of YPO. He holds an MA (Hons) in Business Studies and Economics from the University of Edinburgh and an MBA from Concordia University's John Molson School of Business. Aankondiging • Nov 28
Simply Solventless Concentrates Ltd. Announces Management Changes Simply Solventless Concentrates Ltd. (SSC) announced that Steve Bjornson is stepping down from SSC's board of directors as part of his retirement. Steve was instrumental in SSC completing the reverse takeover of Dash Capital Corp. in December 2023. A strong candidate to replace Steve Bjornson has been identified and SSC expects to announce the
appointment of this individual as an independent director in the near future. SSC also announced that Jeff Lawrence, SSC's former Chief Commercial Officer, is no longer with the
Company. Olen Vanderleeden, a member of SSC's board of directors, is currently assisting SSC's commercial team until a permanent appointment has been made. Olen was previously Chief Commercial Officer at Greentone Enterprises Inc. and prior thereto was Chief Commercial Officer at Zenabis Global Inc. Aankondiging • Jul 25
Simply Solventless Concentrates Ltd. Appoints Ananth Krishnan as Chief Financial Officer, Effective August 25, 2025 Simply Solventless Concentrates Ltd. announced that Mr. Ananth Krishnan has been appointed to the position of Chief Financial Officer of the company, effective August 25, 2025. Ananth brings to SSC over twenty years of experience in investment banking, investment management, financial planning & management, investor relations, strategy, corporate development, commercial negotiations, and cannabis operations. Prior to joining SSC, Ananth served as Vice President, Strategy & Corporate Development with Aurora Cannabis Inc. ("Aurora"). During his six years with Aurora, Ananth led Aurora's capital raising efforts, executed numerous M&A transactions, and played a pivotal role in the company's rapid growth, international expansion, and capital structure management. Ananth was part of a core Aurora leadership team that planned and executed on a strategic business transformation that saw Aurora emerge as the global leader in medical cannabis, with a strong balance sheet, and industry leading EBITDA and free cash flow generation. Ananth began his career in investment banking at Canadian bank-owned dealers where he gained valuable capital markets and transaction experience. Since leaving investment banking, Ananth has held progressively senior finance positions in portfolio management and private equity, where he sourced, evaluated, and executed value focused acquisition opportunities across a variety of industries. Ananth is a Chartered Financial Analyst and holds a Bachelor of Commerce degree from the University of Calgary. Aankondiging • Jun 26
Simply Solventless Concentrates Ltd. Announces Record " Status" Brand" Simply Solventless Concentrates Ltd. announced that its Status brand has achieved record monthly sales and increasing sales velocity. SSC is also pleased to advise that due to SSC filing its First Quarter 2025 financial statements, the related management discussion and analysis, and the related CEO and CFO certifications, (the "Filings"), the previously announced management cease trade order ("MCTO") under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") initially issued by the Alberta Securities Commission ("ASC"), the Company's principal regulator, on May 5, 2025, and subsequently updated by SSC through press releases issued on April 30, 2025, May 14, 2025, May 20, 2025, and June 2, 2025, has been revoked. Status Brand. Launched in late 2024, SSC's Status brand, acquired as part of the ANC Inc. acquisition in October, 2024, continues to gain traction across Canada. Unit sales have increased by 115% since January 2025, and June 2025 marked the first month that the Status brand's sales exceeded $1.0 million. Status currently has 12 total product listings in Ontario and Alberta. The following 8 new product listings are launching in the coming months, bringing total Status product listings to 20: Ontario June: Bubble Bubble Liquid Diamond Infused Kief Coated Blunt. Alberta July: Mellonaire Liquid Diamond Infused K relief Coated Pre-Rolls. Alberta July: Mellonaires Liquid Diamond Infused Kief co-Rolls. Alberta July, Tigers Bleed Liquid Diamond Infused KiefCoated Pre-Rolls. Ontario August/September: Lamborkiwi Cannagar. Ontario August/September: Bubble Bubble Cannagar. Ontario September/October: Lamborkiwi Liquid Diamond Disposable. Ontario September/October: Grape Blast Liquid Diamond Infused Kief COated Blunt. With the success of Status, SSC's current suite of brands and products, including Astrolab, Frootyhooty, Roilty, and Lamplighter, and the upcoming launch of the legendary Sluggers brand in Canada (as previously announced), SSC is encouraged by the potential for organic revenue growth in the coming quarters. Aankondiging • Apr 22
Simply Solventless Concentrates Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Simply Solventless Concentrates Ltd. announced that they will report fiscal year 2024 results at 9:30 AM, US Eastern Standard Time on Apr 30, 2025 Aankondiging • Apr 02
Simply Solventless Concentrates Ltd. Provides Earnings Guidance for the First Quarter of 2025 Simply Solventless Concentrates Ltd. provided earnings guidance for the first quarter of 2025. For the quarter, the company expects gross revenues of $12.5 million ($50.0 million annualized) and Normalized Net Income of $3.0 million ($12.0 million annualized) which quates to $0.10 annual NNI per share using 108,627,799 common shares, 4,859,718 in the money warrants, and 10,269,333 in the money stock options. Projected consolidated First Quarter 2025 net income and comprehensive income is approximately $9.4 million including an anticipated $7.0 million bargain purchase gain on acquisition of Humble which closed on February 28, 2025 and which will be reported in the financial results for the period ended March 31, 2025. Aankondiging • Mar 13
Simply Solventless Concentrates Ltd. (TSXV:HASH) entered into an arrangement agreement to acquire CanadaBis Capital Inc. (TSXV:CANB) for CAD 13.7 million. Simply Solventless Concentrates Ltd. (TSXV:HASH) entered into an arrangement agreement to acquire CanadaBis Capital Inc. (TSXV:CANB) for CAD 13.7 million on March 11, 2025. SSC will acquire all of the issued and outstanding shares of CanadaBis pursuant to the Arrangement Agreement and court approved plan of arrangement. Consideration to CanadaBis Shareholders: 22,500,000 SSC common shares, amounting to 17.2% of the 130,714,466 proforma basic common shares of SSC outstanding and CAD 0.116 per CanadaBis common share. Approximately 3.0 million CanadaBis options will be cancelled prior to closing, and approximately 2.4 million CanadaBis options will be exchanged for 0.4 million SSC options at a weighted average exercise price of CAD 1.31 per SSC share. Approximately 67% of the SSC common shares issued to CanadaBis shareholders will be held in escrow. Upon closing of the Transaction, the combined entity is estimated to rank second and fifth in the Canadian concentrates and preroll categories respectively, excluding Quebec. CanadaBis also announces that it has launched a brokered private placement financing of up to 2,500 unsecured convertible debentures (the "Debentures") at a price of CAD 1,000 per Debenture, for gross proceeds of up to CAD 2.5 million (the "Financing"), led by Research Capital as the sole agent and sole bookrunner. The Arrangement Agreement provides that, under certain circumstances where the Transaction is not completed, CanadaBis will be subject to a termination fee payable to SSC in the amount of CAD 1,200,000. Travis McIntyre, CanadaBis' President & Chief Executive Officer, will be appointed to the role of COO of SSC at closing. Travis McIntyre will step down from his role with CanadaBis. Murray Brown, SSC's current COO, will assume the role of Chief Integrations Officer at closing, focused on integrating acquisitions, restructuring, and corporate services. Shane Chana, CanadaBis' Chief Financial Officer, will join SSC's board of directors at closing and step down as an officer of CanadaBis.
Shane Chana, CanadaBis' Chief Financial Officer, will join SSC's board of directors at closing and step down as an officer of CanadaBis. The Transaction will be subject to the approval by 66 2/3% of CanadaBis shareholders at a special meeting of CanadaBis shareholders and subject to the receipt of certain regulatory, court, and TSXV approvals, and other closing conditions customary in transactions of this nature. The Transaction has been unanimously approved by the Board of Directors of SSC and the Board of Directors of CanadaBis. Stikeman Elliott LLP is acting as legal advisor to SSC and Borden Ladner Gervais LLP is acting as legal advisor to CanadaBis. Aankondiging • Feb 28
Simply Solventless Concentrates Ltd. (TSXV:HASH) completed the acquisition of Delta 9 Bio-Tech Inc. from Delta 9 Cannabis Inc. (OTCPK:DLTN.F). Simply Solventless Concentrates Ltd. (TSXV:HASH) agreed to acquire Delta 9 Bio-Tech Inc. from Delta 9 Cannabis Inc. (OTCPK:DLTN.F) for CAD 3 million on December 28, 2024. A cash consideration of CAD 3 million will be paid by Simply Solventless Concentrates Ltd. As part of consideration of $3.0 million without deducting expected working capital received, payable in a series of payments of $0.75 million by January 2, 2025 and $2.25 million on the closing date. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is January 31, 2025. Simply Solventless Concentrates is pleased to announce that it has changed Bio-Tech's corporate name to Humble Grow Co.
Simply Solventless Concentrates Ltd. (TSXV:HASH) completed the acquisition of Delta 9 Bio-Tech Inc. from Delta 9 Cannabis Inc. (OTCPK:DLTN.F) on February 28, 2025. Aankondiging • Feb 14
Simply Solventless Concentrates Ltd. announced that it has received CAD 6 million in funding On February 13, 2025 Simply Solventless Concentrates Ltd. closed the transaction. On closing of the Offering, the company paid a 7% cash finder's fee to Canaccord Genuity Corp., Ventum Financial Corp. and Research Capital Corporation in the aggregate amount of CAD 69,650 in respect of the subscribers referred to the Offering by such finders. An aggregate of 375 Debenture Units were purchased by insiders of SSC in the Offering. CAD 375,000 of the Offering was subscribed by insiders. The Debentures, Warrants and underlying Common Shares are subject to a hold period of four months and one day from the closing date. Aankondiging • Jan 29
Simply Solventless Concentrates Ltd. announced that it expects to receive CAD 5 million in funding Simply Solventless Concentrates Ltd. announce that it has launched a non-brokered private placement financing of up to 5,000 secured convertible debenture units at a price of CAD 1,000 per unit for gross proceeds of CAD 5 million on January 28, 2025. Each Debenture Unit consists of one CAD 1,000 principal value convertible debenture of SSC and 1,000 common share purchase warrants of SSC. 11% per annum payable quarterly in cash or in SSC common shares at the Conversion Price, at the option of each holder. Each Warrant is exercisable into one SSC common share at a price of CAD 1.20 per common share for a period of four years from the date of issuance. Aankondiging • Jan 02
Simply Solventless Concentrates Ltd. Announces Chief Financial Officer Changes Simply Solventless Concentrates Ltd. announced that it has appointed Jeff Holmgren as its Chief Financial Officer Jeff is a seasoned finance executive with a passion for corporate leadership and hands-on strategic entrepreneurialism. Jeff's career started at Ernst & Young LLP, where he obtained his chartered accountant designation and an in-depth knowledge of financial reporting, securities compliance and corporate governance serving clients in both public and private, domestic and international sectors, followed by over 20 years of executive level experience serving as CFO for numerous public and private oil and gas companies until his transition to the cannabis industry in 2018. Jeff's deep understanding of the regulatory environment, capital markets and familiarity with the cannabis consumer was integral to the growth of Trees Cannabis into a national cannabis retailer, where as co-founder, CFO and later President, he navigated the complex and challenging business environment until its sale in 2024. With a unique aptitude for corporate restructuring, strategic growth and leadership, Jeff is honoured to have the opportunity to leverage his knowledge and experience with the industry leading team at SSC. Jeff Holmgren replaces Jeff Hall as SSC's Chief Financial Officer. SSC thanks Jeff Hall for his contributions to SSC in his time as CFO. Aankondiging • Jan 01
Simply Solventless Concentrates Ltd. Promotes Murray Brown to the Position of Chief Operating Officer Simply Solventless Concentrates Ltd. announced Murray Brown has been promoted to the position of Chief Operating Officer. Prior to Murray's promotion to Chief Operating Officer, Murray served as SSC's Vice President, Operations. Murray has been instrumental in SSC's growth, driving acquisition integration and the expansion of SSC's operating capabilities company wide. Murray boasts four decades of experience at the executive level in cannabis, oil and gas services, and manufacturing. Prior to joining SSC, Murray served as Vice President, Operations for a licensed cannabis producer for a period of five years. Aankondiging • Dec 31
Simply Solventless Concentrates Ltd., Annual General Meeting, Feb 06, 2025 Simply Solventless Concentrates Ltd., Annual General Meeting, Feb 06, 2025. Aankondiging • Dec 30
Simply Solventless Concentrates Ltd. (TSXV:HASH) agreed to acquire Delta 9 Bio-Tech Inc. from Delta 9 Cannabis Inc. (OTCPK:DLTN.F) for CAD 3 million. Simply Solventless Concentrates Ltd. (TSXV:HASH) agreed to acquire Delta 9 Bio-Tech Inc. from Delta 9 Cannabis Inc. (OTCPK:DLTN.F) for CAD 3 million on December 28, 2024. A cash consideration of CAD 3 million will be paid by Simply Solventless Concentrates Ltd. As part of consideration of $3.0 million without deducting expected working capital received, payable in a series of payments of $0.75 million by January 2, 2025 and $2.25 million on the closing date. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is January 31, 2025. Aankondiging • Nov 29
Simply Solventless Concentrates Ltd. Provides Earnings Guidance for the Fourth Quarter of 2024 Simply Solventless Concentrates Ltd. provided earnings guidance for the fourth quarter of 2024. The company projects record quarterly gross revenue during fourth quarter 2024 of approximately $11.8 million (third quarter 2024 - $7.2 million, fourth quarter 2023 - $1.8 million), representing growth rates of 64% quarter over quarter and 556% compared to the same quarter last year. SSC's projected revenue growth is attributable equally to the organic growth of SSC's brands Astrolab, Frootyhooty, Lamplighter, Roilty, and Zest, and to SSC's acquisitions of CannMart and ANC. The company projects fourth quarter 2024 normalized net income of approximately $3.0 million (third quarter 2024 - $0.9 million, fourth quarter 2023 - $0.05 million), representing growth rates of 233% quarter over quarter and 5,900% compared to the same quarter last year. The company projects fourth quarter 2024 net income of approximately $2.9 million (third quarter 2024 - $0.4 million, fourth quarter 2023 - $0.1 million), representing growth rates of 569% quarter over quarter and 2,294% compared to the same quarter last year. The company projects record annualized fourth quarter 2024 gross revenue of approximately $47.2 million (third quarter 2024 - $28.7 million, fourth quarter 2023 - $7.2 million), representing growth rates of 64% quarter over quarter and 798% compared to the same annualized quarter last year. The company projects annualized fourth quarter 2024 normalized net income of approximately $10.4 million (third quarter 2024 - $3.6 million, fourth quarter 2023 - $0.2 million), representing growth rates of 189% quarter over quarter and 5,100% compared to the same quarter last year. The company projects annualized fourth quarter 2024 net income of approximately $11.6 million (third quarter 2024 - $1.7 million, fourth quarter 2023 - $(3.9) million), representing growth rates of 582% quarter over quarter and 497% compared to the same quarter last year. Aankondiging • Jul 18
Simply Solventless Concentrates Ltd. announced that it has received CAD 3.85 million in funding On July 17, 2024, Simply Solventless Concentrates Ltd. closed the transaction. Aankondiging • Jun 27
Simply Solventless Concentrates Ltd. announced that it expects to receive CAD 3.5 million in funding Simply Solventless Concentrates Ltd. announced a non-brokered private placement of up to 14,000,000 units at an issue price of CAD 0.25 per Unit for aggregate gross proceeds of up to CAD 3,500,000 on June 25, 2024. Each Unit consists of one common share and one-half of one common share purchase warrant. each whole warrant being exercisable for one common share at a price of CAD 0.40 per share for a period of two years from the date of issue. All securities issued under the financing will be subject to a hold period expiring four months and one day from the date of issue. The financing is expected to close on or around July 5, 2024. The financing is subject to the approval of the TSXV. Aankondiging • May 01
Simply Solventless Concentrates Ltd. to Report Q1, 2024 Results on May 09, 2024 Simply Solventless Concentrates Ltd. announced that they will report Q1, 2024 results on May 09, 2024 Aankondiging • Apr 19
Simply Solventless Concentrates Ltd. announced that it has received CAD 0.8 million in funding On April 17, 2024, Simply Solventless Concentrates Ltd. closed the transaction. Insiders of the company purchased 666,899 units for net proceeds of approximately CAD 100,000 in the transaction. All securities issued under the transaction are subject to a hold period expiring four months and one day from the date of issue. The transaction is subject to the final approval by the TSXV. The transaction is oversubscribed. Aankondiging • Mar 29
Simply Solventless Concentrates Ltd. announced that it expects to receive CAD 0.5 million in funding Simply Solventless Concentrates Ltd. has arranged a non-brokered private placement of up to 3,333,333 units at a price of CAD 0.15 per unit for aggregate gross proceeds of up to CAD 500,000 on March 27, 2024. Each Unit consists of one common share and one common share purchase warrant. Each Warrant is exercisable for one common share of SSC at a price of CAD 0.20 per share for a period of three years from the date of issue. All securities issued under the Financing will be subject to a hold period expiring four months and one day from the date of issue. The company anticipates closing of the Financing (in one or more tranches) as soon as practicable subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.