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An announcement from Simply Solventless Concentrates Ltd ( (TSE:HASH) ) is now available.
Simply Solventless Concentrates Ltd. has announced an all-share acquisition of CanadaBis Capital Inc., positioning the combined entity as the second-largest producer of concentrates and fifth in prerolls in Canada, excluding Quebec. This strategic move is expected to enhance SSC’s revenue and net income significantly, while CanadaBis sees this merger as a step towards achieving critical mass and sustainable competitive advantage in the cannabis industry.
More about Simply Solventless Concentrates Ltd
Simply Solventless Concentrates Ltd. operates in the cannabis industry, focusing on the production of concentrates and prerolls. The company is known for its expertise in commercialization, market penetration, and accretive acquisitions, positioning itself strategically within the Canadian market.
YTD Price Performance: -21.79%
Average Trading Volume: 289,043
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$54.61M
See more insights into HASH stock on TipRanks’ Stock Analysis page.