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Simply Solventless Concentrates Ltd ( (TSE:HASH) ) has provided an update.
Simply Solventless Concentrates Ltd. has announced the amendment of its $7.15 million promissory notes, initially issued during the acquisition of ANC Inc. The company will repay $3.4 million of these notes through the issuance of common shares, with the remaining balance to be settled through cash payments over two years. This strategic move is expected to enhance SSC’s balance sheet and reduce cash flow obligations, positioning the company for future growth and acquisitions.
More about Simply Solventless Concentrates Ltd
Simply Solventless Concentrates Ltd. (SSC) is a public company based in Alberta, focused on providing pure, potent, terpene-rich cannabis products to discerning consumers.
Average Trading Volume: 335,794
Technical Sentiment Signal: Sell
Current Market Cap: C$39.12M
For a thorough assessment of HASH stock, go to TipRanks’ Stock Analysis page.