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Simply Solventless Concentrates Ltd. Investors got a lot of value from (SSC) (TSXV HASH). Rosy Guidance For the company’s results for the third quarter. SSC projects growth rates of 65% over the next three months and 373% over the past year. The company attributed its growth to the success of its brands and the acquisition by CannMart.

CEO Jeff Swainson stated, “Q3 2024 is shaping as a transformative quarterly for SSC, with strong organic revenue increases in Astrolab Frootyhooty Lamplighter and Frootyhooty being complimented our CannMart Inc. purchase on September 12, 2024. CannMart’s restructuring efforts are reducing material costs and increasing revenue through the deployment of capital in CannMart Inc. Roilty and Zest Cannabis.

The CannMart Acquisition closed On Sept. 12, The Deal announced In June, the company bought CannMart Inc. a subsidiary of Lifeist Wellness Inc. in an effort to expand its cannabis-concentrate business.

Revenue Growth

SSC expects its gross revenue for the third quarter to be approximately C7 million dollars versus second quarter revenue of C$4.2 million, a huge jump from the third-quarter revenue last year of C$1.4 million.

“Overall, the projected annualized gross revenues, adjusted EBITDA, and normalized net income for Q3 2024 are C$28 million, C$4 Million C$3.6 Million Swainson. “SSC’s projected September 2024 Annualized gross revenue of C$33 Million This graph shows our current revenue growth as we continue to work towards our goal of C$40 Million Annualized Gross Revenue, C$6 Million Annualized adjusted EBITDA (and C)$6 Million Annualized normalized Net Income

The estimated adjusted EBITDA is approximately COne Million Dollars This represents growth rates of 5% quarterly and 270% when compared to the same period last year. Normalized net income is approximately C$900,000 The growth rate is 372% higher than the same quarter last year.

B2B drops slightly

SSC’s only bad news was that seasonality caused a slight drop in B2B and tolling revenues compared to the previous quarter. In a statement the company said, “This will result in a slight reduction of gross margins during Q3 2024.” B2B revenue and tolling revenues are expected to return to the Q2 2024 level during Q4 2020. SSC also expects cost synergies from the acquisition of CannMart Inc. to be fully realized in early Q4 2024 and contribute to profitability.”

New products

SSC will also launch 27 new products in Alberta Soon, as the company capitalizes its brand popularity.

• Astrolab – October 2024: Five new products
• Astrolab – November 2024: Three new products
• FrootyHooty October 2024 – Three new products
• FrootyHooty November 2024 – Three new products
• Roilty October 2024, One new product
• Roilty November 2024, Four new products
• Lamplighter – October 2024, One new product
• Lamplighter – November 2024, One new product
• Uncommon Cannabis – November 2024, Four new products
• Rilaxe Two new products are coming in November 2024