Business
Simply Solventless Announces a Delay in Filing 2025 Annual Financial Statements and Related Management's Discussion and Analysis to Approximately May 11, 2026
Calgary, Alberta--(Newsfile Corp. - April 30, 2026) - Simply Solventless Concentrates Ltd. (TSXV:...
About this update from Simply Solventless Concentrates Ltd
[{"type":"text","content":"Simply Solventless Announces a Delay in Filing 2025 Annual Financial Statements and Related Management's Discussion and Analysis to Approximately May 11, 2026Calgary, Alberta--(Newsfile Corp. - April 30, 2026) - Simply Solventless Concentrates Ltd. (TSXV: HASH) (\"SSC\" or the \"Company\"), announces that it will not be in a position to file its audited annual financial statements for the year ended December 31, 2025, the related management's discussion and analysis and related CEO and CFO certificates (the \"Financials\") by the required deadline of April 30, 2026. SSC is working to file its Financials on or around May 11, 2026, and will provide further updates on timing if required. The Company reports that the audit is in progress and that its finance team and the auditors are working diligently to complete the audit. The delay is due to:The appointment of new auditor BDO Canada LLP, a member of BDO International Limited which required additional audit procedures;The complexity of certain accounting matters which require additional time to resolve to ensure accurate financial statement reporting; and The complexities arising from, and the management time required, for the Companies' Creditors Arrangement Act (Canada) (\"CCAA\") proceedings commenced by the Company's subsidiaries, Massive Hash Factory Ltd. (\"MHF\"), CannMart Inc. (\"CannMart\"), and ANC Inc. (\"ANC\"), which, when combined with the point above, has impacted the Company's ability to complete the final audit in a timely manner. The management cease trade order, if approved, will generally not affect the ability of persons who are not or have not been management of the Company to trade in its securities.SSC is using its best efforts to work with its new auditor to complete the audit as soon as possible, while also managing the demands arising from the CCAA proceedings involving MHF, CannMart and ANC.As disclosed in the Company's news release dated February 27, 2026, MHF, CannMart, and ANC filed a petition with the Court of Kings Bench of Alberta for protection under the CCAA in order to restructure their business and financial affairs. For additional details regarding the CCAA proceedings, please refer to the Company's news releases dated February 27, 2026, March 2, 2026, and April 6, which are available on the Company's SEDAR+ profile at www.sedarplus.ca.The Co...