Simply Solventless has announced an all-share acquisition of CanadaBis Capital, valued at $0.116 per share. The deal represents a 78% premium based on the 30-day volume-weighted average price (VWAP) of both companies, although the premium drops to 42% when calculated using the last closing share prices. This acquisition positions Simply Solventless as the second-largest producer of concentrates and the fifth-largest producer of pre-rolls in the cannabis market. Additionally, CanadaBis has disclosed a $2.5 million convertible debenture financing as part of the transaction. The acquisition is part of a broader trend in the cannabis sector, which is seeing increased consolidation and investment opportunities.