Simply Solventless wins court approval to exit CCAA restructuring by Sept. 30

Reuters2026/07/29 03:47

By:Reuters

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Simply Solventless won court clearance for transactions to exit CCAA protection, consolidating operations around Humble cultivation and ANC manufacturing.
Restructuring targets up to CAD 20.6 million debt reduction, driven by discharging up to CAD 15 million unsecured liabilities.
Secured convertible debentures: conversion price reset to CAD 0.15 per share; warrant exercise reset to CAD 0.25 per share.
Up to CAD 3 million of debenture principal may convert into Units at CAD 0.05; accrued interest for two quarters to settle in Units.
Promissory notes: about CAD 1.6 million to convert into 31,350,000 Units at CAD 0.05, cutting principal to about CAD 1.1 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Simply Solventless Concentrates Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607282346NEWSFILECNPR____20260728_307072_1) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Simply Solventless wins court approval to exit CCAA restructuring by Sept. 30

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