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Simply Solventless Concentrates Ltd ( (TSE:HASH) ) has shared an update.
Simply Solventless Concentrates Ltd. has successfully closed its $6.0 million convertible debenture financing, which includes a $1.0 million oversubscription. The funds will be used to complete the acquisition of Delta 9 Bio-Tech and strengthen the company’s financial position. The financing reflects confidence in SSC’s growth strategy and positions the company for further profitable growth in the cannabis sector. SSC is also preparing for product launches in Q1 2025 to support its revenue objectives.
More about Simply Solventless Concentrates Ltd
Simply Solventless Concentrates Ltd. is a company operating in the cannabis industry, focusing on producing solventless cannabis concentrates. Its market strategy includes targeting organic revenue growth and pursuing acquisition opportunities to enhance its business operations.
YTD Price Performance: -8.97%
Average Trading Volume: 377,233
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$63.46M
Learn more about HASH stock on TipRanks’ Stock Analysis page.