Simply Solventless Posts Record Revenue and Debt Elimination

Simply Solventless Concentrates Ltd (TSE:HASH) has released an update.

Simply Solventless Concentrates Ltd reported a strong financial performance for 2023, with gross revenue soaring to $7.0 million, a 149% increase, and a significant rise in normalized net income to $1.9 million, up by 215%. The company also achieved a milestone by eliminating all its long-term debt, highlighting its strategic growth through organic measures and opportunistic acquisitions in a challenging industry environment.

For further insights into TSE:HASH stock, check out TipRanks’ Stock Analysis page.