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Simply Solventless (OTC:SSLCF, TSXV:HASH) updated investors on delayed 2025 annual and Q1 2026 financial filings and its management cease trade order (MCTO).
The company expects to file all outstanding statements by June 18, 2026 and has asked regulators to extend the MCTO to that date.
Simply Solventless (OTCQB: SSLCF, TSXV: HASH) updated investors on its delayed audited 2025 annual financial statements, MD&A and CEO/CFO certificates. The company plans to file these Financials on or before May 29, 2026 and obtained an extension of its management cease trade order (MCTO).
The MCTO restricts management from trading SSC securities until filing, but does not affect other shareholders. Simply Solventless will issue biweekly default status reports and reports being current on all other filing obligations, with no additional anticipated filing defaults disclosed.
Simply Solventless (OTC: SSLCF) provided a restructuring update and announced a CFO change on April 6, 2026. The Court of King's Bench of Alberta authorized a DIP financing up to $1,500,000 and approved a SISP with key bid deadlines of May 8 and May 15, 2026.
The SISP is expected to conclude by May 15, 2026, with an approval application hearing targeted as soon as practical thereafter. The company also named Lachlan McLeod as incoming CFO (subject to approvals) after Ananth Krishnan stepped down.
Simply Solventless (OTC:SSLCF) announced that its largest secured debenture holder Plaza Capital and largest promissory note holder Altek Acquisition Partnership plan to support SSC's restructuring announced Feb 27, 2026.
Plaza holds $3.0M of $6.0M CDs and AAP holds $1.0M of $2.3M PNs; together they represent 84% of secured debt. The restructuring aims to protect subsidiaries from CRA enforcement, preserve licenses and revenue, conduct a sale and investment solicitation process (SISP) for select subsidiaries, and allow SSC and Humble to continue operating.