Simply Solventless Concentrates Ltd. (TSXV: HASH) announced a series of milestones on September 21, 2026, outlining its path to exit its CCAA restructuring between October 31 and November 30, 2026. Key developments include approval of approximately $1.0 million in government rebates, settlement of vendor take-back debt at a significant discount, revocation of a Management Cease Trade Order, and continued strong cultivation results at its Humble Grow Co. facility. The announcement signals a pivotal stage in SSC's restructuring process, with management projecting approximately $20.0 million in total debt reduction upon exit.

Key Points

  • Simply Solventless Concentrates Ltd. (TSXV: HASH)
  • SSC is targeting a CCAA restructuring exit between October 31 and November 30, 2026, following approval of $1.0 million in government rebates
  • Vendor take-back debt of $0.6 million settled for $0.1 million; CCAA stay of proceedings extended to November 30, 2026; Management Cease Trade Order revoked
  • Investors may be watching the closing of the $1.0 million unit financing and TSX Venture Exchange approval of related transactions

Government Rebates and Vendor Debt Settlement Strengthen SSC's Restructuring Position

On September 15, 2026, SSC received approval for approximately $1.0 million in government rebates related to the Humble Grow Co. retrofit, with proceeds expected in late September or early October 2026. Separately, SSC settled its $0.6 million vendor take-back debt for $0.1 million in accounts payable, reducing that obligation by $0.5 million. These developments, combined with the extension of the CCAA stay of proceedings to November 30, 2026, provide SSC with additional time and financial flexibility to close the remaining restructuring transactions, according to the release.

Humble Grow Co. Phase 1 Retrofit Delivering 75% Yield Increase on Core Cultivars

SSC reports that Phase 1 of the Humble Grow Co. retrofit — comprising new LED lighting installations — continues to generate whole dried flower yields approximately 75% higher than trailing six-month pre-Phase 1 yields on core cultivars. The release states this equates to approximately 275–300 kg per month of additional saleable flower. Phase 2, involving new genetics and optimisation of environmental control systems, is underway, with commercial production commenced on six new cultivars. SSC notes Phase 2 results remain subject to proof of concept.

Unit Financing and Debenture Settlements Advance Toward November Closing

SSC's previously announced non-brokered private placement of up to 20,000,000 units at $0.05 per unit — targeting gross proceeds of up to $1.0 million — has received commitments of $0.5 million to $0.7 million to date, with insider participation expected at approximately $0.2 million to $0.3 million. Additionally, holders of convertible debentures representing $2.2 million in aggregate principal have elected to convert to units, and agreements for approximately $1.5 million of promissory notes are finalised or in draft. All transactions remain subject to TSX Venture Exchange approval.

MCTO Revocation Removes Trading Restrictions on SSC Management

The Alberta Securities Commission revoked the Management Cease Trade Order that had been issued on May 5, 2026, following SSC's filing of outstanding continuous disclosure documents. The MCTO had restricted SSC management from trading the company's securities but did not affect other shareholders' ability to trade. Its revocation removes a regulatory overhang on the company's executive team as SSC moves toward completing its restructuring transactions. The immediate share price impact was not clear from available public information.