Tilt Holdings' CEO: Cost-Cutting Strategy For Profitability And Vape Hardware Strategy
Portfolio Pulse from Nicolás Jose Rodriguez
Tilt Holdings (OTC:TLLTF) has implemented cost-cutting measures, including layoffs, to save $8 million annually. The company has also shifted its focus towards its vape hardware business and terminated a $1.4 million joint venture with the Shinnecock Indian Nation. Tilt's subsidiary, Jupiter, will concentrate on vape hardware distribution. The company aims to return to profitability through cost-cutting and operational improvements.
September 14, 2023 | 9:14 pm
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Tilt Holdings has implemented cost-cutting measures and refocused its business strategy, which could potentially lead to a return to profitability.
Tilt Holdings' cost-cutting measures and strategic refocus on its vape hardware business could potentially lead to a return to profitability. This could positively impact the company's stock price in the short term.
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