SIMPLY SOLVENTLESS ANNOUNCES RECORD "STATUS" BRAND MONTHLY SALES & REVOCATION OF MANAGEMENT CEASE TRADE ORDER

Cision Canada

3 days ago

CALGARY, AB, /CNW/ - Simply Solventless Concentrates Ltd. (TSXV: HASH) (" SSC" or the " Company") is pleased to announce that its Status brand has achieved record monthly sales and increasing sales velocity. SSC is also pleased to advise that due to SSC filing its Q1 2025 financial statements, the related management discussion and analysis, and the related CEO and CFO certifications, (the " Filings"), the previously announced management cease trade order (" MCTO") under National Policy 12-203 – Management Cease Trade Orders (" NP 12-203") initially issued by the Alberta Securities Commission (" ASC"), the Company's principal regulator, on May 5, 2025, and subsequently updated by SSC through press releases issued on April 30, 2025, May 14, 2025, May 20, 2025, and June 2, 2025, has been revoked. Copies of the required Filings are available on the Company's SEDAR+ profile at www.sedarplus.ca.
Status Brand
Launched in late 2024, SSC's Status brand, acquired as part of the ANC Inc. acquisition in October, 2024, continues to gain traction across Canada. Unit sales have increased by 115% since January 2025, and June 2025 marked the first month that the Status brand's sales exceeded $1.0 million.
Status currently has 12 total product listings in Ontario and Alberta. The following 8 new product listings are launching in the coming months, bringing total Status product listings to 20:
Ontario June: Bubble Bubble Liquid Diamond Infused Kief Coated Blunt.
Alberta July: Grape Blast Liquid Diamond Infused Kief Coated Pre-Rolls.
Alberta July: Mellonaire Liquid Diamond Infused Kief Coated Pre-Rolls.
Alberta July: Tigers Bleed Liquid Diamond Infused Kief Coated Pre-Rolls.
Ontario August/September: Lamborkiwi Cannagar.
Ontario August/September: Bubble Bubble Cannagar.
Ontario September/October: Lamborkiwi Liquid Diamond Disposable.
Ontario September/October: Grape Blast Liquid Diamond Infused Kief Coated Blunt.
With the success of Status, SSC's current suite of brands and products, including Astrolab, Frootyhooty, Roilty, and Lamplighter, and the upcoming launch of the legendary Sluggers brand in Canada (as previously announced), SSC is encouraged by the potential for organic revenue growth in the coming quarters.
About Simply Solventless Concentrates Ltd.
SSC is a public company incorporated under the Business Corporations Act (Alberta). SSC's mission is to provide pure, potent, terpene-rich ready to consume cannabis products to discerning cannabis consumers. For more information regarding SSC, please see www.simplysolventless.ca.
Notice on Forward Looking Information
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects", "projected", "approximately" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward looking statements concerning Stats brand product launches, increasing velocity of Status SKUs, initial Sluggers product launches and revenue growth, and revenue growth of SSC's current brands and products. SSC cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of SSC, including expectations and assumptions concerning SSC, the timing and market acceptance of products, competition in SSC's markets, SSC's reliance on customers, fluctuations in interest rates, SSC's ability to maintain good relations with its customers, employees and other stakeholders, changes in law or regulations, SSC's ability to protect its intellectual property, as well as other risks and uncertainties, including those described in SSC's filings available on SEDAR+ at www.sedarplus.ca, including its most recent annual information form. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of SSC. The reader is cautioned not to place undue reliance on any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release, and SSC does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Simply Solventless Concentrates Ltd.