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SIMPLY SOLVENTLESS ANNOUNCES REPAYMENT OF $3.4 MILLION OF PROMISSORY NOTES DUE MAY 31, 2025 WITH SSC SHARES AT $0.50/SHARE AND THE AMENDMENT OF THE REMAINING $3.75 MILLION NOTES TO BE REPAID OVER TWO YEARS

Newswire.ca - Tue Jun 3, 2025

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CALGARY, AB, June 3, 2025 /CNW/ - Simply Solventless Concentrates Ltd. (TSXV: HASH) ("SSC") is pleased to announce that it has amended the terms of its aggregate notes payable of up to $7.15 million due to the prior shareholders of ANC Inc. ("ANC"), which were comprised of a non-interest bearing promissory note with $3.65 million currently outstanding (the "Promissory Note"), previously due May 31, 2025, and a non-interest bearing earn-out note with up to $3.5 million outstanding, previously due October 31, 2025 (together with the Promissory Note, the "Notes"). The Notes were originally issued on October 17, 2024 as partial consideration in connection with the acquisition by SSC of ANC. The amendment of the Notes provides for the following repayment terms:

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