When it comes to the cannabis sector, as most retail investors know, there has been plenty of pain. All majors, from Canopy, to Aurora, to Tilray have seen massive erosion in market capitalization, revenues, and even growth prospects.
But until recently, there was one relatively new name that seemed to escape that fate. Instead, it became a darling of the microcap investor segment. They posted positive EBITDA, made acquisitions on the cheap, and by many standards were becoming one of the majors in the Canadian market, despite their market cap suggesting otherwise.
That fairy tale story however seems to have gone speeding directly into a brick wall with the release of their fourth quarter financial results which.. haven’t exactly met the mark. For those that have been following the market, you’ve probably identified by now that we’re talking about Simply Solventless (TSXV: HASH).
Lets dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
