TILT Holdings Q2 Sees Revenue Dip Due To Hardware Business Struggles, Eyes Ohio Cannabis Market
Portfolio Pulse from Patricio Liddle
TILT Holdings Inc. reported a revenue decline in Q2 2024 due to challenges in its Jupiter hardware business, but saw improvements in gross profit and cash flow from operations. The company is optimistic about growth opportunities in Ohio's cannabis market and has expanded its brand portfolio in Pennsylvania.
August 09, 2024 | 3:31 pm
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TILT Holdings reported a revenue decline in Q2 2024 due to challenges in its Jupiter hardware business. Despite this, gross profit and cash flow from operations improved. The company is optimistic about growth opportunities in Ohio's cannabis market.
The revenue decline and increased net loss are negative factors, but improvements in gross profit and cash flow, along with growth opportunities in Ohio, provide a balanced outlook.
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IMPORTANCE 80
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