06:59 AM EDT, 09/18/2024 (MT Newswires) -- Simply Solventless Concentrates ( SSLCF ) , a provider of ready-to-consume cannabis products, overnight Tuesday provided third-quarter guidance.

The company projects record quarterly gross revenue of $7 million, up 373% from last year. The projected increase is due to the organic growth of SSC's brands Astrolab and Frootyhooty and SSC's acquisition of CannMart, including the brands Roilty and Zest Cannabis, last week.

The company is also anticipating normalized net income of $0.9 million for the third quarter, a 372% increase over last year.