Earnings release
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Simply Solventless Files 2025 Annual Financials and Provides Updates on Timing of Filing Q1 2026 Financials , Management Cease Trade Order , Private Placement and Debt Settlement Not for distribution to U.S. news wire services or for dissemination in the United States . Calgary , Alberta -- ( Newsfile Corp. - August 27 , 2026 ) - Simply Solventless Concentrates Ltd. ( TSXV : HASH ) ( " SSC " or the " Company " ) announces that it has filed on SEDAR + its audited annual financial statements for the year ended December 31 , 2025 , the related management's discussion and analysis , and related CEO and CFO certificates ( collectively , the " Annual Financials " ) which are available on SSC's SEDAR + profile at www.sedarplus.ca . SSC also announces that it intends to file its financial statements for the quarter ended March 31 , 2026 , the related management's discussion and analysis , and related CEO and CFO certificates by August 28 , 2026 ( collectively , the " Q1 Financials " ) . On August 21 , 2026 , the Alberta Securities Commission ( the " ASC " ) , the Company's principal regulator , approved an extension of the previously announced management cease trade order ( " MCTO " ) under National Policy 12-203 - Management Cease Trade Orders ( " NP 12-203 " ) to August 28 , 2026 . As previously announced , SSC entered into a restructuring process under the Companies ' Creditors Arrangement Act ( Canada ) ( the " CCAA " ) ( the " Restructuring " ) on February 27 , 2026. See the Company's news release : CCAA Proceedings and Restructuring , dated July 28 , 2026 , which outlines the expected outcomes of the Restructuring . Jeff Swainson , SSC's President & CEO stated : " Upon exiting the Restructuring , SSC's primary objective is to leverage its expanded net revenue ( which increased 369 % from $ 6,191,646 in 2023 to $ 29,058,839 in 2025 ) , improved balance sheet ( with total estimated debt reductions of up to $ 19.9 million ) , and streamlined cost structure ( with total estimated cost reductions of up to $ 7.1 million per year ) to drive operating and free cash flow from two revenue growth engines , Humble Grow Co. ( " Humble " ) ( cultivation ) and ANC Inc. ( " ANC " ) ( manufacturing ) . " Mr. Swainson continued : " At ANC , we are driving CPG revenue growth through a streamlined portfolio of brands with market traction . At Humble , we have made significant operational improvements that have increased cannabis flower yields by approximately 75-80 % since June 2026 ( with materially the same cash costs ) . We are currently advancing further yield and quality improvements through the addition of several exciting new genetics and enhanced environmental and plant control systems . Ultimately , we believe that Humble is capable of being one of the most productive indoor cultivation facilities in Canada not owned by a major licensed producer . " Should SSC close the Restructuring prior to September 30 , 2026 , the initial impacts of the Restructuring will be in SSC's financial statements and related management's discussion and analysis for the period ending September 30 , 2026 ( Q3 2026 ) . Q1 2026 Financials & MCTO Update The delay in filing the Annual Financials has resulted in a delay of filing SSC's Q1 Financials . SSC expects to file its Q1 Financials on or before August 28 , 2026. As previously announced , a MCTO was issued by the Company's principal regulator , the ASC , under NP 12-203 on May 4 , 2026. The ASC has approved the extension of the MCTO to August 28 , 2026 .