Dash Capital Corp. and Simply Solventless Concentrates Ltd. announced that SSC has received its Health Canada standard cultivation, standard processing, and sales licenses and that SSC has closed its previously announced acquisition of the Rocky View cannabis facility. Dash and SSC also announce that SSC has launched a private placement of convertible debentures for proceeds of $1,000,000 and that Dash, SSC, and Dash Subco have entered into a second amending agreement to the Amalgamation Agreement dated June 20, 2022, with effect as of May 31, 2022.
Health Canada licenses
The Licenses allow SSC to cultivate, manufacture/process and sell products to all authorized provincial and territorial distributors/retailers as well as to registered medical patients.
Before receiving the Licenses, SSC built its team, quality management system, processes, and key client relationships while working in the facility under the prior license holder. With a premier team of hashishins, SSC has successfully commercialized products across the entire solventless spectrum, including dry sift, traditional pressed hash, soft hash, flower rosin, bubble hash, hash/live rosin (and derivatives), and hash/live rosin vape sauce.
Rocky View facility acquisition
In addition to receiving the Licenses, SSC has closed on the previously announced acquisition of the facility. The Facility totals 33,000 square feet, of which approximately 25,000 is licensed by Health Canada. With industry-leading solventless production capacity, the facility is ideally equipped for SSC to execute its high-impact business plan and on its mission to provide pure, potent, terpene-rich solventless concentrates to discerning cannabis consumers. SSC now has the infrastructure and facility to match its world-class team of hashishins.
SSC's near-term objectives
SSC's core focus is to achieve material revenue and profitability in the near future. These objectives are underpinned by SSC's team, B2B, and tolling contracts with premier cannabis companies, the ability to produce consistently high-quality products at scale, and a reputation for exceptional customer service.
SSC is currently in the process of advancing its branded solventless products and expects to "hit shelves" across several product categories in early 2023.
For more information:
Simply Solventless Concentrates
www.simplysolventless.ca