CORRECTS AND REPLACES: Simply Solventless Provides Update on Filing of 2025 Annual Financial Statements and Related Management's Discussion and Analysis and Management Cease Trade Order

About this update from Simply Solventless Concentrates Ltd

Calgary, Alberta--(Newsfile Corp. - July 4, 2026) - Simply Solventless Concentrates Ltd. (TSXV: HASH) (" SSC " or the " Company ") issues this press release to amend and restate in its entirety the press release issued by SSC on July 3, 2026, which was filed incorrectly due to administrative errors. This press release corrects the timeline regarding the expected filing of its Annual Filings (as defined below), its Q1 Filings (as defined below), and the requested MCTO (as defined below). Simply Solventless provides an update regarding the filing of its audited annual financial statements for the year ended December 31, 2025, the related management's discussion and analysis, and related CEO and CFO certificate (" Annual Filings "), and its previously announced management cease trade order (" MCTO ") issued by the Company's principal regulator, the Alberta Securities Commission, under National Policy 12-203 - Management Cease Trade Orders (" NP 12-203 ") on May 4, 2026. The Annual Filings are expected to be filed by July 17, 2026, and the Company's interim financial statements for the three months ended March 31, 2026, the related management's discussion analysis, and related CEO and CFO certificates (" Q1 Filings ") are expected to be filed by July 24, 2026. The Company has requested that the ASC extend the MCTO to July 24, 2026. The delay in completing and filing the Annual Filings and Q1 Filings is due to management time constraints caused by the previously announced Companies' Creditors Arrangement Act (Canada) proceedings involving the Company's wholly owned subsidiaries, ANC Inc., CannMart Inc. and Massive Hash Factory Ltd. The Company continues to work diligently with its auditor to complete the outstanding audit matters in a timely manner. As previously announced, pursuant to the MCTO, Management of the Company may not trade in securities of the Company until such time as the Company files the Financials and the MCTO is revoked. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company. The Company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing biweekly default status reports in the form of news releases for so long as it remains in default of the above-noted filing requirements. The Company confirms that (a) there have been no material changes to the information contained in the default announcement issued on April 30, 2026 (the " Default Announcement ") that would reasonably be expected to be material to an investor except the Company would like to clarify that any delay in the filing or audit was not due to its appointment of BDO Canada LLP as the new auditor and the Company expects there will be no further delays or requested extensions to the MCTO request nor has there been any failures by the Company to fulfill its stated intentions with respect to satisfying the provisions of the alternative reporting guidelines under NP 12-203.

View stock analysis, news, and events for Simply Solventless Concentrates Ltd