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Simply Solventless Concentrates Ltd ( (TSE:HASH) ) has issued an announcement.
Simply Solventless Concentrates Ltd. has secured the endorsement of its largest secured debt holders, Plaza Capital and Altek Acquisition Partnership, for a restructuring plan aimed at preserving shareholder and creditor value. Together holding 84% of the company’s secured debt, their support is expected to allow the restructuring to proceed efficiently and strengthen SSC’s balance sheet while maintaining operational continuity.
Management says the restructuring is designed to shield SSC’s subsidiaries from potential CRA enforcement that could have revoked excise licenses and halted cannabis sales, while enabling critical projects such as the Humble retrofit to continue. A court-supervised sale and investment solicitation process for certain subsidiaries is positioned as a value-maximizing restructuring rather than a liquidation, with SSC intending to retain its listing and core assets depending on bid outcomes, which could materially shape the company’s future structure and stakeholder recoveries.
More about Simply Solventless Concentrates Ltd
Simply Solventless Concentrates Ltd. is a Calgary-based public company focused on producing pure, potent, terpene-rich ready-to-consume cannabis products for discerning consumers. The company operates in the regulated cannabis sector, relying on Canadian excise licenses to manufacture and sell its products and generate revenue.
Average Trading Volume: 250,987
Technical Sentiment Signal: Sell
Current Market Cap: C$12.59M
See more insights into HASH stock on TipRanks’ Stock Analysis page.