What Simply Solventless Concentrates does

Simply Solventless Concentrates Ltd. (TSX-V: HASH) is a Canadian publicly traded cannabis producer headquartered in Rocky View, Alberta, specializing in solventless (ice water) cannabis extraction and a multi-brand portfolio strategy targeting the recreational cannabis market. Its core product offerings include vape cartridges, infused prerolls, dried flower, and concentrates marketed under owned brands Frootyhooty, Lamplighter, Astrolab, Roilty, Zest Cannabis, Status, 34 Street Seeds, and Uncommon Cannabis Co., plus the Sluggers Hit brand distributed under exclusive Canadian partnership with California-based Natura Life + Science. The company is vertically integrated through wholly-owned subsidiaries Humble Grow Co. (licensed cultivation, target capacity 14,000 kg/year post-retrofit), ANC Inc. (concentrate production), and CannMart Inc. (B2B wholesale distribution to provincial cannabis boards).

The company generates revenue through B2B sales to provincial cannabis retailers and distributors across Canada — Alberta, Ontario, Manitoba, Saskatchewan, Quebec and additional provinces — with 91 new product listings secured in November 2025 alone. Pricing is negotiated privately with provincial boards and is not publicly disclosed. Distribution runs through the CannMart B2B platform (third-party brands plus SSC-owned brands) and direct provincial board sales relationships, supported by an expanded field sales organization led by a Vice President, Sales. Retail CPG sales velocity grew from approximately $0.6 million to $1.0 million per week over two fiscal years, indicating strong sell-through despite a revenue base that depends entirely on provincial wholesale channels.

Financially, year-to-date Q3 2025 gross revenue reached $34.5 million (199% year-over-year growth from $11.5 million) with YTD Adjusted EBITDA of $7.5 million, a swing from a $2.7 million loss in the prior year period. The growth has been substantially acquisition-driven, with Delta 9 Bio-Tech (Humble Grow Co.) adding approximately $12 million in annual revenue and Uncommon Cannabis Co. contributing roughly $1.8 million plus approximately 40 provincial listings. The company was ranked 14th on the 2025 TSX Venture 50 List. However, in February 2026 SSC and several subsidiaries commenced CCAA restructuring proceedings, with MNP Ltd. appointed as monitor and up to $1.5 million in DIP financing approved, and the Alberta Securities Commission issued a Management Cease Trade Order in May 2026 for delayed 2025 annual and Q1 2026 financial filings — material risks that materially alter the investment profile despite the strong underlying revenue momentum.

Name

Simply Solventless Concentrates

Legal name

Simply Solventless Concentrates Ltd.

Website

https://simplysolventless.ca

Company type

Public

Founded year

2022

Headcount range

51–100 employees

Short description

Simply Solventless Concentrates (TSX-V: HASH) is a Canadian cannabis producer specializing in solventless (ice water) extraction and a multi-brand portfolio of vapes, prerolls, dried flower, and concentrates, selling B2B to provincial cannabis retailers across Canada through integrated cultivation, processing, and wholesale subsidiaries.

Ownership category

akta.pro rank

Headquarters

HQ city

Airdrie

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Cannabis Product Sales: Revenue generated from the sale of cannabis concentrates, dried flower, prerolls, and vape cartridges across Canadian provinces. Products include vape cartridges and infused prerolls sold across various Canadian provinces. The company's retail CPG sales velocity grew from approximately $0.6 million per week to $1.0 million per week over two fiscal years.
2. Distribution and Wholesale (CannMart): CannMart Inc. operates as a B2B distribution channel and platform, enabling wholesale distribution of SSC's products and third-party brands to provincial retailers across Canada.
3. Brand Licensing and Acquisition Revenue: Revenue from acquired brands including Lamplighter, Uncommon Cannabis Co., and Delta 9 Bio-Tech (Humble Grow Co.), which add product lines, provincial listings, and cultivation/production capacity to the company's revenue base.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Simply Solventless Concentrates (SSC) is a Canadian cannabis producer that manufactures and distributes pure, potent, terpene-rich cannabis products — primarily solventless concentrates, vape cartridges, infused prerolls, and dried flower — under a portfolio of owned brands (Frootyhooty, Lamplighter, Astrolab, Roilty, Zest Cannabis, Status, 34 Street Seeds, Uncommon Cannabis Co.) and distributed brands (Sluggers Hit). The company sells wholesale to provincial cannabis retailers and distributors across Canada, with vertical integration spanning cultivation (Humble Grow Co.), production (ANC Inc.), and B2B distribution (CannMart Inc.).

Product overview

Simply Solventless Concentrates Ltd. (SSC) is a Canadian cannabis company operating a multi-brand portfolio strategy in the recreational cannabis market. The company offers a diverse portfolio of cannabis products including vape cartridges, infused prerolls, dried flower, and concentrates under various owned and distributed brands including Frootyhooty, Lamplighter, Astrolab, Roility, Zest Cannabis, Status, 34 Street Seeds, Uncommon Cannabis Co., and Sluggers Hit. The company operates through wholly-owned subsidiaries including Humble Grow Co. (cultivation facility), CannMart Inc. (B2B wholesale), and ANC Inc. (production), providing integrated cultivation, manufacturing, and distribution capabilities. SSC's portfolio offers a transitional line-up where consumers can try new types of high-quality products across the Canadian recreational cannabis market.

Differentiator

Problem solved

Functional benefit

Products and services

• Vape Cartridges
• Infused Prerolls
• Dried Flower Products
• Solventless Cannabis Concentrates
• Astrolab Brand
• Frootyhooty Brand
• Lamplighter Brand
• Zest Cannabis Brand
• Status Brand
• 34 Street Seeds Brand
• Uncommon Cannabis Co. Brand
• Sluggers Hit (Canada Distribution)

Quantifiable outcome

• 199% year-over-year revenue growth to $34.5M YTD gross revenue (Q3 2025)
• +5 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Natura Life + SciencecoreGTM or Marketing PartnerPartnership with California-based Natura Life + Science to exclusively distribute the Sluggers Hit cannabis brand in Canada. This agreement enables SSC to launch a new cannabis brand in the Canadian recreational market, expanding its product portfolio and distribution capabilities.
• Sluggers Hit (Natura Life + Science Brand)coreGTM or Marketing PartnerExclusive distribution agreement for the Sluggers Hit cannabis brand in Canada, enabling SSC to bring a California-based premium cannabis brand to Canadian recreational consumers through its distribution network.

Scale indicators21 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Tilray Brands: Largest Canadian cannabis operator with broad recreational, medical, and CPG exposure. Comparable as a multi-brand Canadian cannabis producer and distributor, though significantly larger and more diversified than SSC.
• Canopy Growth Corporation: Major Canadian licensed producer with national distribution and a portfolio of recreational brands. Directly comparable as a multi-brand Canadian cannabis company selling concentrates, flower, and prerolls through provincial retailers.
• Aurora Cannabis: Canadian LP with national recreational and medical cannabis operations. Comparable as a vertically integrated cannabis producer with provincial distribution across Canada.
• Cronos Group: Canadian-licensed cannabis producer with recreational and medical offerings across flower, extracts, and pre-rolls. Comparable as a national multi-product Canadian cannabis competitor.

Direct peers

• OrganiGram Holdings: Canadian cannabis producer focused on flower, prerolls, vapes, and concentrates for the recreational market. Closely comparable mid-cap Canadian LP competing for the same provincial retailer shelf space.
• Rubicon Organics: Canadian LP focused on premium, organic-certified cannabis flower and concentrates. Comparable as a smaller premium-positioned Canadian cannabis brand selling through provincial retailers.
• Decibel Cannabis Company: Canadian cannabis company with multiple brands across flower, prerolls, and concentrates. Comparable mid-cap Canadian multi-brand operator distributing through provincial channels.
• Auxly Cannabis Group: Canadian cannabis consumer products company with branded flower, prerolls, vapes, and oils. Comparable as a multi-brand Canadian LP serving provincial boards.

Emerging players

• High Tide: Canadian cannabis retailer and consumer packaged goods company. Adjacent comparable given shared Canadian cannabis end-market and exposure to provincial distribution dynamics, though primarily retail rather than cultivation.
• Vext Science: US-focused cannabis operator with branded flower, vapes, and extracts. Thematically comparable as a multi-brand cannabis company with vertical operating capabilities, although operating in a different regulatory jurisdiction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/simply-solventless-concentrates-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries11 records

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Simply Solventless Concentrates