Tilt Hldgs Inc Stock Price, News & Analysis

TILT Holdings (OTCQX: TLLTF) and Greenlane Holdings (NASDAQ: GNLN) are supporting Smoore Technology in its complaint against patent infringements by various vape products. The complaint, filed with the U.S. International Trade Commission, aims to block the import of these infringing products. Smoore Technology, a leader in vaporization technology, emphasizes the importance of protecting its CCELL brand's quality and integrity. This action reflects a commitment to consumer safety and aims to eliminate lower-quality and potentially harmful products from the market.

TILT Holdings Inc. has announced the opening of its Commonwealth Alternative Care dispensary in Brockton, Massachusetts, with doors opening on October 1, 2021. The Massachusetts Cannabis Control Commission has approved the dispensary for medical marijuana sales, and it is slated for a grand opening celebration on October 16, 2021. Operating hours will be from 10 a.m. to 6 p.m., seven days a week. TILT anticipates the approval for adult-use sales will follow shortly after final inspections.

On September 7, 2021, TILT Holdings, a leader in cannabis business solutions, announced its participation in three significant conferences in September 2021. These include the Beacon Cannabis Conference on September 9, where institutional investors can engage in meetings; the Echelon Cannabis Conference on September 22, featuring a presentation by CEO Gary Santo; and the Business of Cannabis Conference on September 29 in New York, where Santo will speak alongside over 300 industry leaders. For further details on scheduling meetings, attendees are encouraged to contact their conference representatives.

TILT Holdings reported a record Q2 revenue of $48.5 million, a 33% year-over-year increase, alongside an adjusted EBITDA of $6.5 million, up 2.7x from Q2 2020. The growth was driven by both cannabis and inhalation accessory sales, with cannabis revenue rising 31% to $10 million and accessory revenue increasing 34% to $38.5 million. TILT reiterated its 2021 guidance of revenue between $205-$210 million and adjusted EBITDA between $30-$32 million. The company also announced a partnership with the Shinnecock Indian Nation to enter New York's cannabis market, enhancing growth opportunities.

TILT Holdings has partnered with the Shinnecock Nation to develop vertical cannabis operations on Long Island, New York. This joint venture aims to create a fully vertical cannabis business, including cultivation and dispensary facilities under Little Beach Harvest. TILT will provide up to $18 million for capital expenditures and will receive a portion of the gross revenue. This partnership is seen as a significant move towards promoting social equity for Indigenous communities while generating economic opportunities.

TILT Holdings Inc. has announced an exclusive agreement to manufacture and distribute products for Old Pal, a lifestyle cannabis brand, in Massachusetts starting this August. TILT's subsidiary, Standard Farms, will oversee the product launch, which includes Whole Flower pouches and 510 Oil Cartridges. Pending regulatory approval, the products aim to enhance TILT's market presence. TILT's CEO expressed pride in expanding the partnership, while Old Pal's co-founder highlighted the potential for successful and scalable brand growth in Pennsylvania.

TILT Holdings has announced the approval of its common shares for listing on the NEO Exchange, starting August 17, 2021, under the symbol TILT. This decision transitions from the Canadian Securities Exchange (CSE) to NEO, which is expected to enhance corporate governance and access to capital. CEO Gary Santo highlighted the benefits of a more robust institutional shareholder base and improved trading conditions. The company continues to trade on the OTCQX under TLLTF. TILT operates in the cannabis industry, offering a wide range of services across multiple regions.

TILT Holdings announced the approval of four provisional licenses by the Massachusetts Cannabis Control Commission for its subsidiary, Commonwealth Alternative Care (CAC). These licenses enable CAC to cultivate and manufacture adult-use cannabis in Taunton and sell adult-use cannabis in Brockton, alongside a final medical cannabis sales license. The Taunton facility, with over 100,000 square feet dedicated to cultivation and retail, has been operational for nearly three years. TILT aims to expand its market presence and meet growing consumer demands in Massachusetts.

TILT Holdings has announced a multi-state licensing agreement with cannabis product innovator 1906, enhancing its portfolio of cannabis offerings. The company plans to launch 1906 Drops in Pennsylvania and Ohio, alongside its gourmet chocolates in Massachusetts. These products are designed to provide various effects, including energy, relaxation, and cognitive focus. The agreement is positioned to leverage TILT's manufacturing capabilities and expand 1906’s market presence. This strategic partnership marks a significant step in TILT's growth trajectory and its commitment to creating shareholder value.