Added to YB: 2025-06-05
Pitch date: 2025-06-03
HASH.V [neutral]
Simply Solventless Concentrates Ltd.
-1.35%
current return
Author Info
Wolf of Oakville takes a magnifying glass to Canadian small cap stocks. Sign up for the newsletter.
Company Info
Simply Solventless Concentrates Ltd. cultivates, processes, formulates, manufactures, and sells a portfolio of terpene-rich solventless concentrates for the recreational, medical, and business to business cannabis markets in Canada.
Market Cap
CAD 47.1M
Pitch Price
CAD 0.18
Price Target
N/A
Dividend
N/A
Sector
Pharmaceuticals
Category
turnaround
Simply Solventless Concentrates ($HASH.V) FINS Review
HASH.V pass: Gross profit plunged from 56% to 8.6% with massive Q4 COGS adjustment. Net income went from +17% to -38% of revenue. $5.8M operational cash burn, $21.4M liabilities due in 2025. ANC note restructuring doubled debt, adding 6.9M shares. Accounting issues with $4.3M 'derecognized' tolling revenue. Management credibility questioned.
Read full article (6 min)