Business
Simply Solventless Announces Acquisition of Brand Uncommon Cannabis Co., Provides Commercial Update, and Announces Conversion of $1.0 Million Promissory Notes to Equity at $0.20/Unit
Not for distribution to U.S. news wire services or for dissemination in the United States.Calgary, Alberta--(Newsfile Corp. - January 22, 2026) - Simply Solventless Concentrates Ltd. (TSXV: HASH) ("SSC") is pleased to announce the acquisition of dried flower and preroll brand Uncommon Cannabis Co. ("Uncommon"), and that SSC has entered into an agreement to convert $1.0 million of promissory notes ("Notes") to equity at $0.20 per unit ("Units"), significantly strengthening SSC's balance sheet....
About this update from Simply Solventless Concentrates Ltd
[{"type":"text","content":"Not for distribution to U.S. news wire services or for dissemination in the United States.","length":90,"tagName":"p","attribs":{}},{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - January 22, 2026) - Simply Solventless Concentrates Ltd. (TSXV: HASH) ("SSC") is pleased to announce the acquisition of dried flower and preroll brand Uncommon Cannabis Co. ("Uncommon"), and that SSC has entered into an agreement to convert $1.0 million of promissory notes ("Notes") to equity at $0.20 per unit ("Units"), significantly strengthening SSC's balance sheet. SSC is also pleased to provide an update regarding its Canadian recreational performance by category, its CPG sales velocity, and its commercial plan going forward.","length":616,"tagName":"p"},{"type":"text","content":"Acquisition of Uncommon ","length":23,"tagName":"p"},{"type":"text","content":"Per SSC's news release dated January 19, 2026, SSC is completing a retrofit at its Humble Grow Co. ("Humble") facility, which is expected to double cannabis production. To maximize market access and diversification, SSC will enter the Canadian recreational dried flower and regular preroll markets, complimenting SSC's current participation in the domestic and international B2B sales channels.","length":412,"tagName":"p"},{"type":"text","content":"Uncommon is an emerging dried flower and regular preroll brand currently servicing the Quebec, Alberta, and Saskatchewan recreational CPG markets. See Uncommon's website below:","length":180,"tagName":"p"},{"type":"text","content":"https://www.uncommoncannabis.co/","length":32,"tagName":"p"},{"type":"text","content":"SSC and another third-party licenced producer ("LP") currently white label for Uncommon. During 2025, Uncommon generated gross revenue of approximately $1.8 million, primarily through the third-party LP. Per Exhibit A below, over the last twelve months, Uncommon had the following retail point of sale velocity (Turff data):","length":334,"tagName":"p"},{"type":"text","content":"Exhibit A: Uncommon Retail Point of Sales Data","length":46,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":550,"height":191,"url":"https://media.zenfs.com/en/newsfile_64/...