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The latest announcement is out from Simply Solventless Concentrates Ltd ( (TSE:HASH) ).
Simply Solventless Concentrates Ltd announced a $5.0 million convertible debenture financing, with a $3.0 million lead order from institutional investor Plaza Capital. This financing aims to support the acquisition of Delta 9 Bio-Tech Inc., enhance the company’s balance sheet, and fund general operations. The company also reported record revenue of $4.5 million for January 2025, attributing growth to both organic expansion and strategic acquisitions. SSC plans to launch 25 new products to further solidify its presence in the Canadian recreational cannabis market.
More about Simply Solventless Concentrates Ltd
Simply Solventless Concentrates Ltd operates in the cannabis industry, specializing in high-quality solventless cannabis concentrates. The company focuses on providing a diverse range of cannabis products under its brands Astrolab, Frootyhooty, Lamplighter, and Zest, primarily targeting the Alberta and Ontario recreational markets.
YTD Price Performance: 3.85%
Average Trading Volume: 364,276
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$71.39M
See more insights into HASH stock on TipRanks’ Stock Analysis page.