Tilt Hldgs Inc Stock Price, News & Analysis

TILT Holdings (OTCQX: TLLTF), a provider of business solutions to the cannabis industry, announced participation in three conferences in May 2021. The events include:

• Alliance Global Partners Spring Consumer Cannabis Conference: May 4, with one-on-one meetings.
• Canaccord Genuity Cannabis Capital Conference: May 11, featuring a presentation by President Gary Santo at 9:00 a.m. ET.
• Benzinga Cannabis Capital Conference: May 13-14, with a presentation by Gary Santo at 11:30 a.m. ET on May 13.

TILT Holdings Inc. (OTCQX: TLLTF) announced that its subsidiary, Commonwealth Alternative Care (CAC), received approval from the Brockton City Council, Massachusetts for adult-use cannabis sales. President Gary Santo expressed gratitude for the council's partnership in the application process. The approval is expected to create livable wage jobs, generate tax revenue for Brockton, and enhance access to cannabis for consumers. However, TILT awaits state-level approvals from the Cannabis Control Commission to finalize its operations in the state.

TILT Holdings reported a profitable year in 2020, achieving Adjusted EBITDA of $16.9 million compared to a loss of $0.8 million in 2019. The company also saw a 41% revenue increase in cannabis sales for 2020. Cash from operating activities improved significantly by $34.2 million. Q4 2020 revenue reached $42.3 million, an 8.1% increase from Q3 and 35.4% year-over-year. TILT aims for a revenue of $205 million to $210 million in 2021, with Adjusted EBITDA projected between $30 million to $32 million.

TILT Holdings announced the appointments of Darryl K. Henderson as Senior VP of Human Resources and Roseann Valencia-Fernandez as VP of Marketing on April 13, 2021. Henderson brings over 30 years of HR experience, aiming to enhance the company’s culture and growth. Valencia-Fernandez, with two decades in marketing, will focus on strategic marketing efforts to boost product visibility. These leadership changes are expected to drive TILT's initiatives and innovation in the cannabis sector, enhancing its competitive position.

TILT Holdings Inc. (OTCQX: TLLTF) is set to report its financial results for the fourth quarter and fiscal year ending December 31, 2020, on April 15, 2021, before trading begins on the Canadian Securities Exchange. An audio webcast will be conducted by management at 8:00 AM EDT the same day. TILT provides business solutions to the global cannabis industry and operates across 35 U.S. states and internationally. TILT's portfolio includes leading companies in vaporization and cannabis operations, enhancing its brand-building capabilities significantly.

TILT Holdings Inc. has completed the acquisition of Standard Farms Ohio LLC, enhancing its reach in the Ohio cannabis market. The 9,600 sq. ft. facility, located near Cleveland, will produce high-quality medical cannabis products, including tinctures and vaporization cartridges. TILT aims to leverage this acquisition to offer a diverse product portfolio in Ohio’s competitive market, which has seen significant growth, with cannabis sales reaching $277 million in 2020, marking a 290% increase from 2019.

Her Highness NYC, a premium cannabis brand, is now available in select Massachusetts dispensaries. This launch follows a manufacturing and distribution contract signed with TILT Holdings Inc. on February 4, 2021. TILT's President Gary Santo praised the team's rapid execution, bringing the product line to market in just 30 days, showcasing their capabilities in cultivation, manufacturing, and distribution. The product suite includes Last Prisoner Project Single Pre-Rolls and Pleasure Oil. The company is focused on expanding its market presence in Massachusetts and beyond.

TILT Holdings Inc. has received regulatory approval from the Massachusetts Cannabis Control Commission to operate eight additional grow rooms at its subsidiary, Commonwealth Alternative Care, Inc. This expansion, part of a phase two project, more than doubles the company's cultivation capacity to over 56,000 sq. ft. The new facility will enhance the supply of premium flower for TILT's Taunton dispensary and support its brand partners with quality products. The company aims to solidify its market presence while pursuing licenses for medical and adult-use operations across its locations.

TILT Holdings Inc. (CSE: TILT, OTCQX: TLLTF) announced its participation in two upcoming virtual cannabis conferences. On February 25-26, TILT's President, Gary Santo, will engage in a Fireside Chat at the Benzinga Cannabis Capital Conference, hosting one-on-one meetings. The Needham 2nd Annual Cannabis Conference is set for March 3, where TILT’s management will also conduct investor meetings. TILT provides business solutions to the cannabis industry, serving clients across 35 U.S. states and several countries.