Simply Solventless Concentrates (HASH) Q2 2026 earnings summary

Executive summary

• Entered a restructuring process in February 2026, targeting debt reduction of up to $19.9 million and annual cost savings of up to $7.1 million.

• Achieved stabilized net revenue of approximately $5.0–$5.3 million for three consecutive quarters despite restructuring challenges.

• Humble Grow Co. increased cannabis flower yields by 75–80% since June 2026, with an annual run rate of 8.0–9.0 metric tonnes.

• Phase 2 of Humble's retrofit underway, aiming to boost annual production to 14.0–20.0 metric tonnes.

Financial highlights

• Net revenue stabilized at $5.0–$5.3 million for the third straight quarter, despite downward pressure from restructuring.

• Incremental production from Humble expected to increase cash flow by $0.3–$0.4 million per month ($0.9–$1.2 million per quarter) at current prices.

Outlook and guidance

• Initial impacts of restructuring and Humble yield increases to be reflected in Q3 and Q4 2026 financials, respectively.

• Forward-looking statements caution that actual results may differ due to various risks and uncertainties.