Tilt Hldgs Inc Stock Price, News & Analysis

TILT Holdings (TLLTF) reported Q1 2025 financial results, showing a decline in performance with revenue dropping to $22.7M from $37.5M year-over-year. The company posted a net loss of $13.2M, wider than the $9.7M loss in the prior year. Gross margin decreased to 14.9% from 17.9%, while Adjusted EBITDA was negative at $(974)K compared to $38K last year. The company is executing a strategic transformation to become a Jupiter-first business by divesting plant-touching assets. Key developments include signing a $2M agreement to sell two Massachusetts dispensaries and achieving EU medical device certification for Jupiter's QMID vaporizer. TILT is shifting Jupiter production to Indonesia to reduce costs and recently added a new East Coast MSO customer as an exclusive vape hardware partner. Despite lower overall performance, the company maintained stable cash positions at $4.3M and improved operating cash flow to $1.9M compared to -$2.4M in the previous year.

Curaleaf International and Jupiter Research (TLLTF) have secured EU medical device certification for Europe's first handheld liquid inhalation device designed for medical cannabis administration. The device, certified as a Class IIa medical device under EU Regulation 2017/745, features a magnetic snap-in cartridge and rechargeable power supply for consistent cannabinoid delivery.

The certification enables commercialization across multiple global markets, including European countries, the UK, Canada, and Australasia. The device's technical file and EU Declaration of Conformity were approved by an EU Notified Body, validating its quality, safety, and clinical effectiveness.

TILT Holdings (OTCPK: TLLTF) has scheduled its first quarter 2025 earnings conference call for May 15, 2025, at 5:00 p.m. ET. The company, a global provider of cannabis business solutions specializing in inhalation technologies, cultivation, manufacturing, processing, brand development and retail, will release its financial results for the quarter ended March 31, 2025, prior to the call.

The conference call will feature TILT management presenting the company's business strategy and financial results, followed by a Q&A session. Participants can join using the toll-free number (877) 423-9813 or international number (201) 689-8573. A webcast replay will be available in the investor relations section of TILT's website.

TILT Holdings (OTCQB: TLLTF) has received default notices from Innovative Industrial Properties (IIP) subsidiaries for two properties due to outstanding rental payments. The defaults concern properties in White Haven, PA and Taunton, MA.

The White Haven property default amounts to $1,130,592.57 in unpaid base rent, additional rent, and security deposit. The Taunton property default totals $2,996,786.42, including base rent, additional rent, late charges, interest, and security deposit.

Following the notices, TILT has initiated negotiations with IIP and has made payments for April rent obligations. IIP accepted these payments in exchange for forbearance from pursuing termination and eviction. TILT states it is committed to negotiating to resolve the outstanding amounts.

TILT Holdings (OTCQB: TLLTF) reported its Q4 and full-year 2024 financial results, marking a transformative year focused on streamlining operations. Q4 revenue declined to $24.6 million from $37.5 million year-over-year, primarily due to Jupiter Hardware business performance. The company posted a Q4 net loss of $41.4 million, compared to $22.0 million loss in the prior year period.

Full-year 2024 results showed revenue of $115.6 million, down from $166.0 million in 2023, with a net loss of $99.7 million compared to $62.4 million loss in the previous year. The company is divesting its Massachusetts retail assets for $2 million, with regulatory approvals expected in Q2 2025, as part of its strategy to focus on Jupiter operations.

The company ended the year with $4.3 million in cash and equivalents, compared to $3.3 million at the end of 2023. Notes payable increased to $72.1 million from $52.2 million year-over-year.

TILT Holdings (OTCQB: TLLTF) has scheduled its Fourth Quarter and Full Year 2024 earnings conference call for March 19, 2025, at 5:00 p.m. ET. The company, a global provider of cannabis business solutions specializing in inhalation technologies, cultivation, manufacturing, processing, brand development, and retail, will release its financial results prior to the call.

The conference call will feature TILT management presenting the company's business strategy and financial performance, followed by a Q&A session. Participants can join through:

• Toll-free number: (877) 423-9813
• International dial-in: (201) 689-8573

Interested parties are advised to dial in 10 minutes before the call starts. A webcast replay will be available in the investor relations section of TILT's website at www.tiltholdings.com.

TILT Holdings has signed an Asset Purchase Agreement to divest two Massachusetts dispensaries for $2 million in cash. The company will transfer ownership of its Taunton dispensary to In Good Health and close its Brockton location. This move aligns with TILT's strategy to explore alternatives for its plant-touching business and focus on its Jupiter Research vape hardware division.

The transaction, expected to close in first half 2025, represents the first step in TILT's execution of strategic transactions aimed at optimizing its balance sheet and operating expenses. The company continues to review strategic alternatives for its remaining operations in Massachusetts, Pennsylvania, and Ohio, while maintaining one location in Cambridge under review.

In Good Health will integrate the Taunton location into its existing network, creating a strategic triangle with their Brockton and Sandwich locations. Highgate Capital Partners is serving as broker for this transaction.

TILT Holdings reported Q3 2024 financial results and announced a strategic review of its plant-touching business. Revenue decreased to $27.0 million from $44.6 million year-over-year, primarily due to delays in Jupiter hardware business shipping and customer transition to commission structure. Gross profit fell to $3.8 million (14% margin) from $8.0 million (18% margin). Net loss widened to $12.6 million from $8.7 million. The company is evaluating strategic alternatives including potential divestitures and partnerships to focus on inhalation technology opportunities and strengthen its balance sheet.

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.