Simply Solventless Concentrates Ltd. has provided Q1 2025 guidance, including a record projected quarterly revenue of $12.5 million, a 6% increase from its Q4 2024 guidance. Actual results may differ from guidance.

Projected consolidated Q1 2025 net income and comprehensive income are approximately $9.4 million, including an anticipated $7 million bargain purchase gain on the acquisition of Humble, which closed on February 28, 2025 and will be reported in the financial results for the period ending March 31, 2025. 

In financial reporting, earnings guidance is an official prediction of a company’s near-future profit or loss. Simply Solventless previously released their Q4 2024 guidance in November 2024, days after their Q3 2024 results. 

The guidance and reported results include the consolidated operations of SSC and its wholly owned subsidiaries Massive Hash Factory Ltd., CannMart Inc. (acquired on September 12, 2024), and ANC (acquired on October 18, 2024, effective October 1, 2024), and Humble (acquired on February 28, 2025, adding 1 month of operating result in the Q1 2025 Guidance). Simply Solventless (SCC) is known for brands like Astrolab, Frootyhooty, Status, Lamplighter, Roilty, and Zest.

“Overall, revenue continues to expand organically, and due to SSC’s integration experience, the Humble Grow Co. acquisition was largely integrated and profitable prior to closing on February 27, 2025,” said Jeff Swainson, President and CEO of SSC. 

“The pending CanadaBis acquisition is expected to close on or about May 2, 2025, and we are collectively developing and implementing plans to ensure that synergies are quickly captured post closing.” Mr. Swainson added: “With our recent acquisitions delivering on expected accretive results, this Q1 2025 guidance reflects further proof of concept of our strategy focused on organic branded revenue growth and opportunistic acquisitions. We thank our shareholders for their continued support as we continue to execute on our impactful business plan.”

SSC also announced the appointment of Thomas Facciolo as SSC’s Vice President, Continuous Improvement & Product Development. Prior to joining SSC, Thomas held senior leadership roles with ANC Inc., a wholly owned subsidiary of SSC acquired in October 2024.

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