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Simply Solventless Concentrates Ltd ( (TSE:HASH) ) has issued an announcement.
Simply Solventless Concentrates Ltd has announced an increase in its previously planned convertible debenture financing from $5 million to $6 million due to high demand, with insiders contributing $375,000. This financing supports SSC’s acquisition plans, including the upcoming acquisition of Delta 9 Bio-Tech, expected to close around February 7, 2025, and another payment for a previous acquisition. The over subscription allows SSC to cover these costs without additional financing, potentially strengthening its market position.
More about Simply Solventless Concentrates Ltd
Simply Solventless Concentrates Ltd (SSC) operates in the cannabis industry, focusing on the production of solventless cannabis concentrates. The company is listed on the TSX Venture Exchange under the symbol HASH and is involved in strategic acquisitions to expand its market presence.
YTD Price Performance: -3.85%
Average Trading Volume: 374,996
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$67.04M
See more data about HASH stock on TipRanks’ Stock Analysis page.