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Simply Solventless Concentrates Ltd. closes transformative acquisition of CannMart Inc.

PRIVATESep 12, 2024

Acquiring Company

Simply Solventless Concentrates

Acquired Company

CannMart

CalgaryEtobicokeEnergyOil And GasBiotechnologyHealth Care

Description

Simply Solventless Concentrates Ltd. is pleased to announce the completed acquisition of CannMart Inc. from Lifeist Wellness Inc. This transformative acquisition enables Simply Solventless Concentrates Ltd. to expand its extraction capabilities and is expected to significantly increase CannMart's revenue, contributing to the company's profitability and long-term shareholder value.

Quick answer

Simply Solventless Concentrates is acquiring CannMart, announced September 12, 2024. Simply Solventless Concentrates is based in Calgary, Alberta, Canada.

How much did Simply Solventless Concentrates pay for CannMart?
The deal value was not disclosed.
What does Simply Solventless Concentrates do?
Simply Solventless Concentrates Ltd. is a company listed on TSX Venture Exchange (TSXV: HASH), specializing in hydrocarbon concentrates and solventless concentrates.
Where are Simply Solventless Concentrates and CannMart based?
Simply Solventless Concentrates is based in Calgary, Alberta, Canada. CannMart is based in Etobicoke, Ontario, Canada.
Who are the decision-makers at Simply Solventless Concentrates?
Fundz holds 2 contacts at Simply Solventless Concentrates. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Simply Solventless Concentrates

Location

Calgary, Alberta, Canada

About

Simply Solventless Concentrates Ltd. is a company listed on TSX Venture Exchange (TSXV: HASH), specializing in hydrocarbon concentrates and solventless concentrates. The company is strategically focused on opportunistic acquisitions and has a strong leadership position in the industry. With a talented team, the company aims to integrate CannMart, drive profitable organic branded revenue growth, and pursue opportunistic acquisitions to provide value to its shareholders.

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Frequently asked

Who acquired CannMart?

CannMart was acquired by Simply Solventless Concentrates, based in Calgary. The deal was reported on September 12, 2024. Simply Solventless Concentrates Ltd. is a company listed on TSX Venture Exchange (TSXV: HASH), specializing in hydrocarbon concentrates and solventless concentrates. Simply Solventless Concentrates is privately held and operates in Energy.

When did Simply Solventless Concentrates acquire CannMart?

Simply Solventless Concentrates's acquisition of CannMart was reported on September 12, 2024. Simply Solventless Concentrates Ltd. is pleased to announce the completed acquisition of CannMart Inc. from Lifeist Wellness Inc. This transformative acquisition enables Simply Solventless Concentrates Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does CannMart do?

CannMart Inc., a wholly-owned subsidiary of Lifeist Wellness Inc., is a Health Canada licensed facility located in Ontario, specializing in hydrocarbon extract products. It is privately held, operating in Biotechnology, and is based in Etobicoke.

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