Simply Solventless Concentrates Ltd (TSE:HASH) has released an update.
Simply Solventless Concentrates Ltd. reported a record-breaking first quarter in 2024 with a gross revenue of $3.1 million, a significant turnaround with an EBITDA of $0.6 million, and a net income of $0.5 million. This marks a substantial increase from the previous quarter, showing a 74.4% revenue growth, driven by strategic expansions and acquisitions. The company’s continued profitability and revenue growth signal a strong position in the Canadian cannabis sector.
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