Welcome to our dedicated page for TILT HLDGS news (Ticker: TLLTF), a resource for investors and traders seeking the latest updates and insights on TILT HLDGS stock.
TILT Holdings Inc (TLLTF) is a leader in the cannabis industry, providing a range of services to brands and retailers across multiple states and countries. With a focus on technology, hardware, cultivation, and production, TILT helps businesses build their brands and expand their reach. The company's core businesses include Jupiter Research LLC, Commonwealth Alternative Care, Inc., Standard Farms LLC, and Standard Farms Ohio, LLC. TILT is committed to innovation, growth, and creating value for its partners and customers.
TILT Holdings announced an exclusive partnership with Black Buddha Cannabis to launch its products in Massachusetts and later expand into Pennsylvania. Black Buddha Cannabis, founded by Roz McCarthy, focuses on wellness through its unique product lines like Black Buddha Prepacks™ and fast-acting gummies. The collaboration aims to enhance social equity and support local black farmers. With cannabis sales hitting $1.6B in Massachusetts last year, this initiative positions TILT to capitalize on growing market opportunities while promoting community engagement.
TILT Holdings Inc. (OTCQX: TLLTF), a leader in cannabis solutions, announced its participation in several upcoming investor conferences. Notable events include the Alliance Global Partners Spring Consumer Cannabis Conference on May 3, 2022, where management will engage in one-on-one meetings, and the Canaccord Genuity Cannabis Conference on May 11, 2022, featuring a presentation by CEO Gary Santo. Additionally, Santo will join a panel at the Wolfe Research Virtual Consumer Conference on May 13, 2022. For details on webcasts and presentations, visit TILT's investor relations website.
TILT Holdings Inc. will host a conference call on May 16, 2022, at 5:00 p.m. Eastern Time to discuss its Q1 2022 financial results. The call will provide an opportunity for management to present the results followed by a question-and-answer session. Interested participants are encouraged to dial in 10 minutes early. The earnings report will precede the call, which will also be available for replay on TILT's investor relations website. TILT operates in the cannabis sector, offering solutions across various markets.
TILT Holdings has filed a Registration Statement on Form 10 with the SEC to register its common shares under the Exchange Act. This filing aims to align TILT with U.S. reporting standards, enhancing transparency for shareholders. CEO Gary Santo highlighted the importance of this step towards growth and federal legalization. Upon effectiveness, TILT will adhere to Exchange Act reporting requirements, including financial results in U.S. GAAP. The Form 10 is also available on SEC's website and SEDAR.
TILT Holdings has announced its participation in major cannabis conferences in April 2022. CEO Gary Santo will speak at the Cantor Investor Conference on April 14 and the Benzinga Cannabis Capital Conference on April 20. The company will also hold one-on-one investor meetings at these events. Additionally, Santo will appear on the MJ Stock Trader Podcast on April 4 and Benzinga’s Cannabis Insider on April 7. TILT Holdings focuses on providing cannabis business solutions across various sectors, including cultivation and retail.
TILT Holdings reported strong financial results for Q4 and FY 2021, with revenues up 28% YoY to $54.1 million and $202.7 million, respectively. Adjusted EBITDA for Q4 increased to $4.8 million, while FY 2021 adjusted EBITDA rose 33% to $22.5 million. The company expanded its operations significantly, launching new dispensaries and increasing its cultivation capacity. However, gross margins declined due to higher freight costs and customer mix. Looking ahead, TILT anticipates 2022 revenues between $255-$265 million, marking potential growth despite external market pressures.
TILT Holdings announced that its Commonwealth Alternative Care (CAC) won prestigious awards at the NECANN Canna Competition in Boston. CAC's Jilly Bean Live Resin secured first place for solvent concentrates, while its Vegan Peanut Butter Cups earned second place in the edibles category. This recognition highlights CAC's commitment to quality product creation. Notably, the Jilly Bean strain is known for its uplifting effects and unique flavor profile. This marks CAC's third win at NECANN since its inception in 2018.
TILT Holdings Inc. has appointed Lynn Ricci as the new VP of Investor Relations and Corporate Communications. With over 20 years of experience, Ricci aims to enhance TILT's leadership team as the company implements its strategy launched in 2021. Prior to TILT, she led investor relations at Trulieve Cannabis Corp. and has a strong background in the cannabis sector. CEO Gary Santo highlighted Ricci's expertise as a significant asset for TILT's vision of supporting cannabis brands across various markets.
TILT Holdings has signed an amendment to extend the closing date for its purchase option of the Taunton, Massachusetts facility. The new deadline is on or before May 31, 2022. The amendment also extends the due diligence period and the decision deadline regarding the acquisition of both Unit A and Unit B until May 15, 2022. TILT provides various cannabis business solutions, including cultivation and manufacturing, and operates across 36 states, Canada, and parts of Europe and South America.
FAQ
What is the current stock price of TILT HLDGS (TLLTF)?
What is the market cap of TILT HLDGS (TLLTF)?
What does TILT Holdings Inc do?
What are TILT's core businesses?
Where is TILT Holdings Inc headquartered?
What is TILT's focus within the cannabis industry?
How can I learn more about TILT Holdings Inc?
What recent achievements has TILT Holdings Inc had?
What services does TILT provide to cannabis brands and retailers?
How does TILT Holdings Inc contribute to the cannabis industry?
What is TILT's vision for the future of the cannabis industry?
How can investors get in touch with TILT Holdings Inc?
What is TILT's approach to brand building in the cannabis industry?
