08:59 AM EDT, 03/12/2025 (MT Newswires) -- Simply Solventless Concentrates ( SSLCF ) on Wednesday said it will acquire CanadaBis (CANB.V) in an all-share transaction valued at $16 million. The combined entity will rank second and fifth in the Canadian concentrates and preroll categories respectively, excluding Quebec.

CanadaBis has also launched a brokered private placement financing of up to 2,500 unsecured convertible debentures at $1,000 each, for gross proceeds of up to $2.5 million. The agents have been granted a 15% over-allotment option. The financing is expected to close April 2.

Travis McIntyre, CanadaBis' president and chief executive, will become chief operating officer (COO) of Simply Solventless and Murray Brown, Simply Solventless' current COO, will assume the role of chief integrations officer.