Business
Simply Solventless Provides Update on Humble Grow Co. Retrofit & Status of Past Acquisition Integrations and Cost Savings
Calgary, Alberta--(Newsfile Corp. - January 19, 2026) - Simply Solventless Concentrates Ltd. (TSXV: HASH) ("SSC" or "the Company") is pleased to provide updates regarding its previously announced cultivation facility retrofit by its wholly owned subsidiary, Humble Grow Co. ("Humble"), and the integration of past acquisitions and related cost savings achieved. Humble RetrofitJeff Swainson, SSC's President & CEO stated: "All Humble retrofit LED lights have now been ordered from existing working...
About this update from Simply Solventless Concentrates Ltd
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - January 19, 2026) - Simply Solventless Concentrates Ltd. (TSXV: HASH) ("SSC" or "the Company") is pleased to provide updates regarding its previously announced cultivation facility retrofit by its wholly owned subsidiary, Humble Grow Co. ("Humble"), and the integration of past acquisitions and related cost savings achieved.","length":391,"tagName":"p"},{"type":"text","content":"Humble Retrofit","length":15,"tagName":"p"},{"type":"text","content":"Jeff Swainson, SSC's President & CEO stated: "All Humble retrofit LED lights have now been ordered from existing working capital sources, and we will provide definitive installation timelines as we progress. Preliminary schedules suggest 100% retrofit production by early Q3 2026, and once this run-rate is achieved, SSC's annual gross revenue is expected to increase by $17.5-$29.5 million to $53.5-$65.5 million. With Humble fixed costs remaining consistent with pre-retrofit levels, most incremental gross margin is expected to flow to the EBITDA line, increasing SSC's annual adjusted EBITDA by $6.5-$14.5 million to $10.7-$18.7 million."","length":668,"tagName":"p"},{"type":"text","content":"Swainson continued: "This $1.5 million net capital investment is expected to provide material increases to revenue, adjusted EBITDA, and cash flow, and with a payback period of less than one year, we are excited to capture this return on investment for our shareholders. Post-retrofit, Humble is expected to be one of the only large scale, high-quality indoor cultivation assets capable of underpinning a leading position in Canadian cannabis, and with almost all such assets currently owned by the major Canadian licenced producers, SSC will be uniquely positioned among junior Canadian licenced producers."","length":618,"tagName":"p"},{"type":"text","content":"Humble has gathered two years of data regarding the efficacy of a retrofit at its 98,000 square foot facility located in Winnipeg, Manitoba. The retrofit uses the existing floor plan and is comprised of a lighting change to LED, table placement changes, additional irrigation, installation of dehumidifiers, and alterations to air circulation. These changes triple light intensity, and provide more consistent lighting, better nutrient uptake, and superio...