Added to YB: 2024-06-12
Pitch date: 2024-06-09
HASH.V [bullish]
Simply Solventless Concentrates Ltd.
-37.5%
current return
Author Info
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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 0.32
Price Target
N/A
Dividend
N/A
Sector
Pharmaceuticals
Category
growth
Simply Solventless $HASH.V (3.5/5)
HASH.V: Simply Solventless Concentrates - Q1 rev +28% YoY to $2.3M but gross margin -2100bps to 48.6% on product mix. SG&A +83%, net income -34%. Inventory turnover of 1.05 vs peers 2.4-3.1. Raised $800k @ $0.15 post-Q1. 38% insider ownership. Targeting $20M 2024 rev.
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