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Simply Solventless Concentrates

HASH.V
31
Drug Manufacturers - Specialty & Generic · Healthcare
Price
C$0.05
+0.00 (+0.00%)
Market Cap
C$5.8M
Exchange
Toronto Stock Exchange Ventures
Winston Score
31
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 9, 2026 · filings through Sep 30, 2025

Simply Solventless Concentrates is a Canadian cannabis company that makes and sells high-potency cannabis extracts, specifically concentrates made without chemical solvents. Its main products include hash, rosin, and other solventless extracts sold to adult recreational consumers through licensed cannabis retailers, primarily in Alberta and other Canadian provinces. The company focuses on a niche but fast-growing segment of the legal cannabis market.

The company earns revenue by selling its products wholesale to provincial distributors and retail cannabis stores across Canada. It operates entirely within Canada's regulated cannabis framework and has built a focused competitive position by specializing in solventless techniques, which appeal to consumers who prefer cleaner extraction methods. With a gross margin near 46% and positive operating margins, the business is relatively efficient for its size, but it remains small and thinly traded. The key risk is its narrow product focus and dependence on Canadian market conditions, including pricing pressure from both the illicit market and larger licensed producers.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+55.7% YoY

Strong revenue growth

EPS Growth

-85.7% YoY

Earnings declining

Insider Activity

16.5%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$899,509 cash & investments

Quarterly Free Cash Flow

Company generates more cash than it spends — no dilution risk from fundraising

Strong grower

Simply Solventless Concentrates is growing revenue at 56% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
45.7%
Healthy — 45.7% gross margin
Operating Margin
0.6%
Thin — 0.6% operating margin
ROCE
0.1%
Weak — 0.1% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY
N/A
Data not available
EPS YoY
N/A
Data not available
EPS Consistency
0/1 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
-45%
Weak — only -45% of profit becomes cash
FCF Margin
-6.4%
Burning cash (-6.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.28
Conservative — low debt load (0.28)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
17.9x
Fair value — P/E 17.9

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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