SIMPLY SOLVENTLESS ANNOUNCES COMMENCEMENT OF HUMBLE GROW CO. RETROFIT EXPECTED TO INCREASE PRODUCTION TO 14,000KG OF CANNABIS PER YEAR & CLOSING OF ANC INC. PROM NOTE REPAYMENT AND AMENDMENT

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

CALGARY, AB, July 18, 2025 /CNW/ - Simply Solventless Concentrates Ltd. (TSXV:HASH.VN) ("SSC") is pleased to announce that it has commenced the retrofit of its Humble Grow Co. ("Humble") facility (the "Retrofit"). SSC is also pleased to announce that it has closed the previously announced repayment and amendment of non-interest bearing promissory notes of up to $7.15 million due to the prior shareholders of ANC Inc. ("ANC"), comprised of a promissory note of $3.65 million (the "Promissory Note"), previously due May 31, 2025, and a earn-out note with up to $3.5 million outstanding, previously due October 31, 2025 (together with the Promissory Note, the "Notes").