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An update from Simply Solventless Concentrates Ltd ( (TSE:HASH) ) is now available.
Simply Solventless Concentrates Ltd. has secured court approval in Alberta for debtor-in-possession financing of up to $1.5 million and the launch of a formal sales and investment solicitation process for affiliates Massive Hash Factory, CannMart and ANC. The process, designed to support working capital and capital expenditures during restructuring, is expected to conclude mid-May with a court approval hearing to follow, marking a critical phase for the group’s operational stability and potential ownership or capital structure changes.
Alongside the restructuring update, the company announced that Chief Financial Officer Ananth Krishnan has resigned to pursue another opportunity. Financial reporting consultant Lachlan McLeod, a CPA with prior senior roles in the cannabis sector, is slated to assume the CFO position as SSC also evaluates further streamlining and cost-saving measures, signaling a broader effort to tighten costs and strengthen financial oversight during a period of transition.
More about Simply Solventless Concentrates Ltd
Simply Solventless Concentrates Ltd. is a Calgary-based public cannabis company focused on producing pure, potent, terpene-rich, ready-to-consume cannabis products for discerning consumers. The company operates in the Canadian cannabis sector and targets quality-focused end users through branded concentrates and related offerings.
Average Trading Volume: 336,160
Technical Sentiment Signal: Sell
Current Market Cap: C$4.36M
See more data about HASH stock on TipRanks’ Stock Analysis page.