Simply Solventless Concentrates Ltd.
Simply Solventless Concentrates Ltd. cultivates, processes, formulates, manufactures, and sells a portfolio of terpene-rich solventless concentrates for the recreational, medical, and business to business cannabis markets in Canada. The company was incorporated in 2020 and is based in Calgary, Canada.
Simply Solventless Concentrates Ltd. (HASH) - Net Assets
Latest net assets as of September 2025: CA$31.94 Million CAD
Based on the latest financial reports, Simply Solventless Concentrates Ltd. (HASH) has net assets worth CA$31.94 Million CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$60.26 Million) and total liabilities (CA$28.32 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$31.94 Million |
| % of Total Assets | 53.0% |
| Annual Growth Rate | 105.39% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 408.08 |
Simply Solventless Concentrates Ltd. - Net Assets Trend (2021–2024)
This chart illustrates how Simply Solventless Concentrates Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Simply Solventless Concentrates Ltd. (2021–2024)
The table below shows the annual net assets of Simply Solventless Concentrates Ltd. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$15.46 Million | +253.70% |
| 2023-12-31 | CA$4.37 Million | +906.36% |
| 2022-12-31 | CA$434.29K | -75.65% |
| 2021-12-31 | CA$1.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Simply Solventless Concentrates Ltd.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 583817200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$23.69 Million | 153.26% |
| Total Equity | CA$15.46 Million | 100.00% |
Simply Solventless Concentrates Ltd. Competitors by Market Cap
The table below lists competitors of Simply Solventless Concentrates Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Whitehawk Ltd
AU:WHK
|
$2.82 Million |
|
Pancontinental Resources Corporation
OTCQB:PUCCF
|
$2.82 Million |
|
MOH Nippon Plc
F:4HS
|
$2.82 Million |
|
Rossi Residencial S.A
SA:RSID3
|
$2.82 Million |
|
Interbud-Lublin SA
WAR:ITB
|
$2.81 Million |
|
Teamo Productions HQ Limited
NSE:TPHQ
|
$2.81 Million |
|
T4F Entretenimento S.A
SA:SHOW3
|
$2.81 Million |
|
DarkIris Inc. Class A Ordinary Shares
NASDAQ:DKI
|
$2.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Simply Solventless Concentrates Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,370,457 to 15,458,467, a change of 11,088,010 (253.7%).
- Net loss of 5,194,689 reduced equity.
- New share issuances of 12,451,912 increased equity.
- Other factors increased equity by 3,830,787.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.19 Million | -33.6% |
| Share Issuances | CA$12.45 Million | +80.55% |
| Other Changes | CA$3.83 Million | +24.78% |
| Total Change | CA$- | 253.70% |
Book Value vs Market Value Analysis
This analysis compares Simply Solventless Concentrates Ltd.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.49x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.90x to 0.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CA$0.04 | CA$0.07 | x |
| 2022-12-31 | CA$0.01 | CA$0.07 | x |
| 2023-12-31 | CA$0.09 | CA$0.07 | x |
| 2024-12-31 | CA$0.14 | CA$0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Simply Solventless Concentrates Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -33.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -37.98%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.50x
- Recent ROE (-33.60%) is above the historical average (-132.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -130.46% | -191.28% | 0.34x | 1.98x | CA$-2.50 Million |
| 2022 | -387.72% | -60.15% | 0.26x | 24.69x | CA$-1.73 Million |
| 2023 | 23.80% | 16.80% | 0.60x | 2.34x | CA$603.27K |
| 2024 | -33.60% | -37.98% | 0.35x | 2.50x | CA$-6.74 Million |
Industry Comparison
This section compares Simply Solventless Concentrates Ltd.'s net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $156,897,333
- Average return on equity (ROE) among peers: -322.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Simply Solventless Concentrates Ltd. (HASH) | CA$31.94 Million | -130.46% | 0.89x | $2.81 Million |
| Amotiv Limited (AOV) | $1.03 Billion | 2.34% | 0.02x | $228.26 Million |
| Cannabist Company Holdings Inc (CBST) | $-986.97K | 0.00% | 0.00x | $11.81 Million |
| DRI Healthcare Trust (DHT-U) | $372.34 Million | 3.11% | 0.70x | $450.44 Million |
| GenixPharmaceucticals Corporation (GENX) | $4.01 Million | -41.17% | 0.19x | $451.93K |
| The Hempshire Group Corp. (HMPG) | $-835.46K | 0.00% | 0.00x | $515.15K |
| LSL Pharma Group Inc. (LSL) | $7.48 Million | 1.18% | 2.18x | $23.50 Million |
| Good Shroom Co Inc (MUSH) | $242.01K | -170.37% | 3.22x | $2.78 Million |
| Navasota Resources Inc. (NAV) | $3.47K | -2698.16% | 31.31x | $132.92K |
| Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) (VRNO) | $-216.50K | 0.00% | 0.00x | $303.72 Million |