SIMPLY SOLVENTLESS ANNOUNCES RECORD "STATUS" BRAND MONTHLY SALES & REVOCATION OF MANAGEMENT CEASE TRADE ORDER
CALGARY, AB, /CNW/ - Simply Solventless Concentrates Ltd. (TSXV: HASH) (" SSC" or the " Company") is pleased to announce that its Status brand has achieved record monthly sales and increasing sales velocity. SSC is also pleased to advise that due to SSC filing its Q1 2025 financial statements, the related management discussion and analysis, and the related CEO and CFO certifications, (the " Filings"), the previously announced management cease trade order (" MCTO") under National Policy 12-203 – Management Cease Trade Orders (" NP 12-203") initially issued by the Alberta Securities Commission (" ASC"), the Company's principal regulator, on May 5, 2025, and subsequently updated by SSC through press releases issued on April 30, 2025, May 14, 2025, May 20, 2025, and June 2, 2025, has been revoked. Copies of the required Filings are available on the Company's SEDAR+ profile at www.sedarplus.ca.
Status Brand
Launched in late 2024, SSC's Status brand, acquired as part of the ANC Inc. acquisition in October, 2024, continues to gain traction across Canada. Unit sales have increased by 115% since January 2025, and June 2025 marked the first month that the Status brand's sales exceeded $1.0 million.
Status currently has 12 total product listings in Ontario and Alberta. The following 8 new product listings are launching in the coming months, bringing total Status product listings to 20:
Ontario June: Bubble Bubble Liquid Diamond Infused Kief Coated Blunt.
Alberta July: Grape Blast Liquid Diamond Infused Kief Coated Pre-Rolls.
Alberta July: Mellonaire Liquid Diamond Infused Kief Coated Pre-Rolls.
Alberta July: Tigers Bleed Liquid Diamond Infused Kief Coated Pre-Rolls.
Ontario August/September: Lamborkiwi Cannagar.
Ontario August/September: Bubble Bubble Cannagar.
Ontario September/October: Lamborkiwi Liquid Diamond Disposable.
Ontario September/October: Grape Blast Liquid Diamond Infused Kief Coated Blunt.
With the success of Status, SSC's current suite of brands and products, including Astrolab, Frootyhooty, Roilty, and Lamplighter, and the upcoming launch of the legendary Sluggers brand in Canada (as previously announced), SSC is encouraged by the potential for organic revenue growth in the coming quarters.
About Simply Solventless Concentrates Ltd.
SSC is a public company incorporated under the Business Corporations Act (Alberta). SSC's mission is to provide pure, potent, terpene-rich ready to consume cannabis products to discerning cannabis consumers. For more information regarding SSC, please see www.simplysolventless.ca.
Notice on Forward Looking Information
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects", "projected", "approximately" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward looking statements concerning Stats brand product launches, increasing velocity of Status SKUs, initial Sluggers product launches and revenue growth, and revenue growth of SSC's current brands and products. SSC cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of SSC, including expectations and assumptions concerning SSC, the timing and market acceptance of products, competition in SSC's markets, SSC's reliance on customers, fluctuations in interest rates, SSC's ability to maintain good relations with its customers, employees and other stakeholders, changes in law or regulations, SSC's ability to protect its intellectual property, as well as other risks and uncertainties, including those described in SSC's filings available on SEDAR+ at www.sedarplus.ca, including its most recent annual information form. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of SSC. The reader is cautioned not to place undue reliance on any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release, and SSC does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Simply Solventless Concentrates Ltd.
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ON BEHALF OF THE BOARD OF DIRECTORS George Salamis President, CEO and Director Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by Gregory Robinson (P.E., SME Registered Member), Integra's General Manager of the Florida Canyon Mine. Mr. Robinson is a "qualified person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Non-IFRS Measures The Company has included certain performance measures in this news release which are not specified, defined, or determined under generally accepted accounting principles (in the Company's case, International Financial Reporting Standards ("IFRS")). These are common performance measures in the gold mining industry, but because they do not have any mandated standardized definitions, they may not be comparable to similar measures presented by other issuers. Accordingly, the Company uses such measures to provide additional information, and you should not consider them in isolation or as a substitute for measures of performance prepared in accordance with generally accepted accounting principles. In this section, all currency figures in tables are in thousands, except per-share and per-ounce amounts. Forward Looking Statements Certain information set forth in this news release contains "forward–looking statements" and "forward–looking information" within the meaning of applicable Canadian securities legislation and in applicable United States securities law (referred to herein as forward–looking statements). Except for statements of historical fact, certain information contained herein constitutes forward–looking statements which includes, but is not limited to, statements with respect to: the Company's 2025 guidance, including production, AISC, expenditures and expenses; plans and expectations for Florida Canyon; expansion and life-of-mine extension plans at Florida Canyon; the timing, content, and purpose of an updated NI 43-101 technical report for Florida Canyon; anticipated assay results and mineral resources and reserves updates for Florida Canyon; feasibility study completion and permitting timelines for the DeLamar Project; test work and permitting plans for the Nevada North Project. Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", 'believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Forward–looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward–looking statements, including but not limited to those risk factors disclosed in Integra's Annual Information Form dated March 26, 2025 for the fiscal year ended December 31, 2024, which is available on the SEDAR+ issuer profile for the Company at and available as Exhibit 99.1 to Integra's Form 40-F, which is available on the EDGAR profile for the Company at Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at Cautionary Note for U.S. Investors Concerning Mineral Resources and Reserves NI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and resource information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Integra Resources Corp.
