Simply Solventless Files Q2 2026 Financials and Provides Updates on Management Cease Trade Order, Private Placement and Debt Settlement

Simply Solventless Concentrates Ltd. (TSXV: HASH) (" SSC ") announces that it has filed on SEDAR its unaudited financial statements for the quarter ended June 30, 2026, the related management's discussion and analysis, and the related CEO and CFO certificate (collectively, the " Q2 Financials ") which are available on SSC's SEDAR+ profile at www.sedarplus.ca . As previously announced, SSC entered into a restructuring process (the " Restructuring ") on February 27, 2026. See the latest update in the following news release: CCAA Proceedings and Restructuring , dated July 28, 2026, which outlines the expected outcomes of the Restructuring, including total estimated debt reductions of up to $19.9 million, and total estimated annual cost reductions of up to $7.1 million (" Expected Restructuring Outcomes "). Jeff Swainson, SSC's President & CEO stated: "We are proud of the resilience that our team has demonstrated through these challenging times, and we will continue to work tirelessly to advance through the Restructuring for the benefit of our stakeholders. Despite the significant challenges associated with the Restructuring, including downward pressure placed on revenue, we have achieved solid and stabilized revenue levels through the restructuring, including the third straight quarter at the approximately $5.0 million-$5.3 million net revenue level." Mr. Swainson continued: "We are encouraged by our stabilized revenue, the Expected Restructuring Outcomes (and resulting leaner cost structure), and perhaps most of all, by Humble Grow Co.'s (" Humble ") 75-80% increase in cannabis flower yields since June 2026, resulting in a current annual run rate of approximately 8.0-9.0 metric tonnes (" MT ") with our current cultivar mix. As Humble costs are materially consistent with pre-retrofit levels, at current prices, this initial incremental production is expected to increase cash flow by approximately $0.3-0.4 million per month ($0.9-$1.2 million per quarter). We are now executing phase 2 of the retrofit, comprised of the addition of exciting new genetics and more robust environmental and plant control systems, which collectively have the potential to further increase annual production to 14.0-20.0 metric tonnes. Overall, we believe that Humble is a company making asset with great potential and we are focused intently on maximizing its performance." Should SSC close the Restructuring prior to September 30, 2026, the initial impacts of the Restructuring and the Expected Restructuring Outcomes will be reflected in SSC's financial statements and related management's discussion and analysis for the period ending September 30, 2026 (Q3 2026). The initial cash flow impacts of the Humble yield increase would be reflected in SSC's financial statements and related management's discussion and analysis for the period ending December 31, 2026. MCTO Update On August 21, 2026, the Alberta Securities Commission (the " ASC "), SSC's principal regulator, approved an extension of the previously announced management cease trade order (" MCTO ") under National Policy 12-203 - Management Cease Trade Orders (" NP 12-203 ") to August 28, 2026. The filing of the Q2 Financials was the last item creating a default under NP 12-203, and while SSC is unable to provide assurance as to when the MCTO will be revoked, it expects that the MCTO will be revoked in approximately two full business days. Pursuant to the MCTO, management of SSC may not trade in securities of SSC until such time as the MCTO is revoked. The MCTO does not affect the ability of other shareholders of SSC to trade in securities of SSC . SSC confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing biweekly default status reports in the form of news releases for so long as the MCTO remains in place. SSC confirms that (a) there have been no failures by the Company to fulfill its state...