Streetbeat News

TLLTF

TILT Holdings Inc

CEO

Donn Burchill

Industry

Medicinal and Botanical Manufacturing

Open

0.01

Mkt cap

1.3M

Volume

9.4K

High

0.01

P/E Ratio

-0.03

52-wk high

0.05

Low

0.01

Div yield

N/A

52-wk low

0.00

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.

Portfolio Pulse from Patricio Liddle

August 09, 2024 | 3:31 pm

Several cannabis companies, including Canopy Growth Corporation, WM Technology, Inc., Charlotte's Web Holdings, Inc., Cronos Group Inc., and TILT Holdings Inc., are set to report their earnings for the second quarter of 2024. Canopy Growth is expanding in Europe and has established an at-the-market equity program. WM Technology expects stable sales but lower EBITDA due to increased marketing spend. Charlotte's Web faced a significant revenue decline in the first quarter. Cronos Group saw a 30% increase in net revenue, driven by sales in Canada and Israel. TILT Holdings experienced disruptions in the vape hardware segment but sees growth opportunities in hemp-derived vapes.

Portfolio Pulse from Jelena Martinovic

July 26, 2024 | 2:16 pm

The Viridian Chart of the Week analyzes the relationship between financial strength and YTD stock performance of 30 MSO/SSOs. Group 1, consisting of the strongest companies, has shown significant gains, while weaker groups have underperformed. Investors are advised to focus on stronger companies like Verano, Trulieve, and Cresco, with potential targeted investments in lower strength companies with positive catalysts.

Portfolio Pulse from Viridian Capital Advisors

June 24, 2024 | 5:12 pm

Recent leadership changes in the cannabis and psychedelics industries include new board members and executives at Cybin Inc., Curaleaf Holdings, Planet 13 Holdings, Charlotte’s Web Holdings, Flora Corporation, Entourage Health Corp., and TILT Holdings. These changes could impact the strategic direction and performance of these companies.

Portfolio Pulse from Jelena Martinovic

June 18, 2024 | 4:48 am

Four small-cap cannabis stocks—Medical Marijuana Inc., TILT Holdings, Trees Corp., and Village Farms International—showed positive performance despite the broader sector's downtrend. These stocks present potential investment opportunities due to their operational efficiencies and financial metrics. In contrast, larger cannabis companies like Curaleaf Holdings, AdvisorShares Pure US Cannabis ETF, Canopy Growth, Trulieve Cannabis, and Green Thumb Industries experienced declines, with only Aurora Cannabis showing a slight increase.

Portfolio Pulse from Nicolás Jose Rodriguez

May 20, 2024 | 8:44 pm

TILT Holdings reported a decrease in Q1 2024 revenue to $37.5 million, down 11.3% from the previous year, and a net loss of $9.7 million. The company attributes the decline to lower sales volume and price compression in Massachusetts and Pennsylvania. Despite these challenges, TILT is optimistic about future growth, focusing on federal rescheduling and debt management.

Portfolio Pulse from Nina Zdinjak

May 16, 2024 | 12:46 pm

TILT Holdings Inc. (OTC:TLLTF) has entered into a financing agreement to expand its subsidiary, Standard Farms, in Pennsylvania. The deal allows borrowing up to $10.5 million with escalating interest rates starting at 20%, aimed at constructing dispensaries under a new permit. This strategic move is expected to strengthen TILT's market position in Pennsylvania, a state showing resilience in cannabis sales despite broader market downturns. TILT's financials indicate a leveraged but manageable position, with a need to address liquidity challenges.

Portfolio Pulse from Nicolás Jose Rodriguez

May 09, 2024 | 9:19 pm

Zuanic & Associates analyst Pablo Zuanic initiates coverage on TILT Holdings (OTC:TLLTF) with an Overweight rating.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:25 am

Gary Santo, CEO of RX Green Technologies, will speak at the Benzinga Cannabis Capital Conference in Florida, highlighting the company's all-in-one marketplace for cannabis cultivation. Santo, with a background in regulated cannabis and former leadership at TILT Holdings (OTC:TLLTF), aims to address cultivation challenges and operational efficiency. TILT Holdings, under Santo's leadership, has seen a strategic shift and financial growth, making it an attractive investment opportunity.

Portfolio Pulse from Nicolás Jose Rodriguez

March 22, 2024 | 9:14 pm

Tilt Holdings Inc. reported a decrease in quarterly revenue from $44.3 million in 2022 to $37.5 million in 2023, but managed to reduce its net loss from $73.1 million to $22.0 million over the same period. The company attributes the revenue drop to the timing of Jupiter order shipments and a decrease in the average price of certain products. Despite the challenges, TILT has improved operating efficiency, reduced expenses, and begun restructuring debt. The company's shares closed 3.66% higher at $0.034 per share.

Portfolio Pulse from Nina Zdinjak

March 15, 2024 | 12:02 pm

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