Simply Solventless Sees Exceptional Growth with $13 Million in Revenue
A Historic Quarter for Simply Solventless
Simply Solventless Concentrates Ltd. (TSXV: HASH) has reported a remarkable fiscal milestone this quarter. The company has achieved record gross revenue of $13.0 million in Q2, reflecting significant progress in its operational activities and market penetration. In addition, the company recorded a positive cash flow of $1.0 million from operations, which highlights its robust business model and efficient management strategies.
Financial Highlights of Q2 2025
This quarterly outcome is part of Simply Solventless's ongoing strategy to expand its product offerings and market reach. With EBITDA standing at $4.3 million and adjusted EBITDA at $3.2 million, the financial health of the company is undeniably strong. This growth showcases the effectiveness of their operational strategies and their commitment to delivering high-quality cannabis products.
Revenue Breakdown
Analyzing the numbers further, it's evident that gross revenue per share has shown a positive trend, marking $0.118 for this quarter compared to $0.115 in the previous quarter. Furthermore, net revenue reached an impressive $11.0 million, which is an 11% increase from the last quarter's revenue of $9.9 million.
CEO's Insights
Jeff Swainson, President and CEO of Simply Solventless, commented, "We delivered another strong quarter of profitable growth, driven by focused and disciplined execution across all of our business units. The SSC platform is allowing our acquired subsidiaries, including Humble and Cannmart, to operate in an integrated and beneficial manner. These efforts have led to record revenue and cash flow operations. We are committed to launching innovative products in the upcoming months that will further enhance our market presence."
Upcoming Projects and Product Launches
The company is excited about several forthcoming projects, including the commencement of the retrofit of their Humble facility, which is expected to significantly enhance their production capabilities. Additionally, Simply Solventless plans to launch the Sluggers brand in late Q3 2025, tapping into a well-established identity within the cannabis industry with a focus on premium-quality products.
Brand Expansion Efforts
The collaboration with Natura Life + Science to introduce the Sluggers brand to the market is a strategic move that positions Simply Solventless for future success. With a 75% retention of the net income from the Sluggers products, they are set to maximize their returns while focusing on marketing and distribution.
Operational Developments and Team Enhancements
In light of their growth trajectory, Simply Solventless recently appointed Ananth Krishnan as Chief Financial Officer, further strengthening their executive team to navigate upcoming operational challenges. Krishnan brings over two decades of experience in finance and strategy which will be valuable as the company continues to scale and innovate in the cannabis industry.
About Simply Solventless Concentrates Ltd.
Simply Solventless Concentrates Ltd. is dedicated to producing high-quality, ready-to-consume cannabis products that meet the discerning preferences of its consumers. With a strong focus on quality and innovation, it aims to lead the market with its premium offerings. This commitment to excellence is visible in their comprehensive business strategies and their proactive approach towards market trends.
Frequently Asked Questions
1. What is the company's recent financial performance?
Simply Solventless recorded a gross revenue of $13.0 million in Q2 2025, marking a significant increase from the previous quarter.
2. Who is the President of Simply Solventless?
Jeff Swainson serves as the President and CEO of Simply Solventless Concentrates Ltd.
3. What new products are being launched?
The company is planning to launch the Sluggers brand, which focuses on premium cannabis products, in late Q3 2025.
4. What operational improvements are being made?
Simply Solventless is retrofitting its Humble facility to significantly boost cannabis production and enhance operational efficiency.
5. Who recently joined the management team?
Ananth Krishnan has been appointed as the Chief Financial Officer, bringing extensive experience to the company's management team.
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