TILT HLDGS INC - TLLTF STOCK NEWS

TILT Holdings (OTCQB: TLLTF) has scheduled its Third Quarter 2024 earnings conference call for November 14, 2024, at 5:00 p.m. ET. The company, which provides cannabis business solutions including inhalation technologies, cultivation, manufacturing, processing, brand development and retail, will release its financial results for the quarter ended September 30, 2024, prior to the call. Management will host the call followed by a Q&A session. The call will be accessible via toll-free and international dial-in numbers, with a webcast replay available in the investor relations section of TILT's website.

TILT Holdings (Cboe CA: TILT) (OTCQB: TLLTF), a global provider of cannabis business solutions, announced a significant leadership change on October 18, 2024. Chris Kelly, who had been serving as the company's Chief Revenue Officer (CRO) since December 2022, has departed from his position, effective immediately.

Tim Conder, CEO of TILT Holdings, stated that the company is continuing to transform and refocus, leading to this change in leadership. Conder expressed gratitude for Kelly's contributions to TILT, as well as his leadership and mentorship to his team, and wished him well in his future endeavors.

Commonwealth Alternative Care (CAC), a subsidiary of TILT Holdings Inc. (NEO: TILT) (OTCQB: TLLTF), has announced several Fall events and community engagement activities in Massachusetts. These include:

1. CAC Thanksgiving Food Drive (Oct 14 - Nov 15) in partnership with Veterans Association of Bristol County.

2. Fall Sweepstakes (Oct 14 - Nov 15) with prizes including Jupiter vaporizers and Old Pal kits.

3. In-store Halloween events: Hallowed Hash Bash in Taunton (Oct 19) and Boo Bash in Brockton (Oct 25).

4. Participation in Hexpo event (Oct 26) in Seekonk, MA.

5. Involvement in the Annual Harvest Cup (Nov 9-10) at DCU Center in Worcester, MA.

These events aim to engage with patients and consumers, give back to the community, and celebrate the harvest season.

TILT Holdings Inc. (NEO: TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions, has announced changes to its Board of Directors. Adam Draizin has stepped down from the Board effective October 1, while Marshall P. Horowitz has been appointed effective October 2. Horowitz, who previously served as TILT's first General Counsel, brings decades of global legal and transactional experience to the position, representing noteholders of TILT Holdings.

CEO Tim Conder expressed gratitude for Draizin's contributions and welcomed Horowitz's return, stating that his breadth of knowledge will complement the Board as they navigate the company's challenges. Horowitz has nearly 30 years of experience in corporate legal and transactional work at national and international law firms, having practiced in New York, Los Angeles, Hong Kong, and Singapore.

TILT Holdings Inc. (Cboe: TILT) (OTCQB: TLLTF) reported its Q2 2024 financial results. Key highlights include:

- Revenue of $26.6 million, down from $41.6 million in Q2 2023
- Gross profit of $4.3 million with a 16.0% gross margin
- Net loss of $35.9 million, compared to $26.9 million loss in Q2 2023
- Adjusted EBITDA of $(1.2) million, down from $1.5 million in Q2 2023
- Cash provided by operating activities: $1.4 million

The company is transitioning its Jupiter hardware business to an asset-light, just-in-time supply model. TILT remains optimistic about growth opportunities, particularly in Ohio's newly launched adult-use program.

TILT Holdings Inc. (NEO: TILT) (OTCQB: TLLTF) has launched Flower by Edie Parker products in Pennsylvania through its subsidiary Standard Farms, The partnership introduces cannabis flower and vape products to medical cannabis patients across the state. Edie Parker, a leading female-founded lifestyle brand, is expanding its product line with custom strain vapes in flavors like Morning Bloom, Lemon Cowgirl, and Pink Mirage, available in 1g cartridges and 0.5g all-in-one devices. The flower line includes hybrid, indica, and sativa strains in 1/8 ounce jars. TILT's CEO, Tim Conder, noted impressive initial sell-through, while Edie Parker's founder, Brett Heyman, expressed confidence in the partnership's potential impact on Pennsylvania's cannabis industry.

TILT Holdings Inc. (Cboe: TILT) (OTCQB: TLLTF), a global provider of cannabis business solutions, has announced its upcoming second quarter 2024 conference call scheduled for August 9, 2024, at 8:30 a.m. Eastern Time. The call will discuss the company's business strategy and financial results for the quarter ended June 30, 2024. TILT management will host the call, followed by a question-and-answer session. The company's results will be reported in a press release prior to the call. Interested parties can join via phone or webcast, with replay available in the investor relations section of TILT's website.

TILT Holdings announced the outcomes of its 2024 Annual General Meeting held virtually on June 11, 2024. Shareholders approved the election of five directors: John Barravecchia, Tim Conder, Adam Draizin, George Odden, and Arthur Smuck, who will serve until the next AGM. Additionally, Macias Gini & O’Connell LLP (MGO) was re-appointed as the company's auditor for the upcoming year, and the board received authorization to set MGO's remuneration. A detailed report of voting results has been filed on SEDAR+.

TILT Holdings reported its Q1 2024 financial results, revealing a revenue of $37.5 million, down from $42.3 million in Q1 2023 due to lower sales volumes and price compression in Massachusetts and Pennsylvania. The gross profit stood at $6.7 million with a margin of 17.9%, compared to $8.8 million and 20.8% respectively from the previous year. The net loss widened to $9.7 million, primarily due to a reduced gross profit and no asset sales gains as in Q1 2023. Adjusted EBITDA improved slightly to $38,000 from $(79,000). Operational highlights included the launch of the Level brand in Pennsylvania and winning the NECANN Cup for best vape cartridge. TILT is focusing on strengthening its balance sheet and addressing debt in 2024, despite ongoing industry challenges.