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Simply Solventless Faces Audit Delay and Acquisition Dispute

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Simply Solventless Faces Audit Delay and Acquisition Dispute

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The latest announcement is out from Simply Solventless Concentrates Ltd ( (TSE:HASH) ).

Simply Solventless Concentrates Ltd. announced a delay in filing its audited annual financial statements for 2024 due to complications in auditing a subsidiary’s tax reorganization. The company expects to resolve these issues and file by May 21, 2025. Additionally, SSC is contesting the termination of its acquisition agreement with CanadaBis Capital Inc., demanding a $1.2 million break fee for what it claims is an invalid termination. The company has also applied for a management cease trade order to manage the filing delay, ensuring that non-management trading remains unaffected.

More about Simply Solventless Concentrates Ltd

Simply Solventless Concentrates Ltd. operates in the cannabis industry, focusing on producing solventless cannabis concentrates. The company is listed on the TSX Venture Exchange under the ticker HASH.

YTD Price Performance: -15.38%

Average Trading Volume: 237,641

Technical Sentiment Signal: Hold

Current Market Cap: C$59.36M

Learn more about HASH stock on TipRanks’ Stock Analysis page.

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