Simply Solventless Sees Record Q1 Growth

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

Simply Solventless Concentrates Ltd expects a sensational first quarter in 2024, projecting a 73% year-over-year increase in gross revenue to $3.1 million and a staggering 597% increase in net income. The company attributes these record figures to the organic growth of its brands and a strategic acquisition made in January 2024. With no debt and a significant share of its stock held by insiders, SSC’s financial health appears robust as it capitalizes on its Health Canada licenses acquired in mid-2022.

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