Tilt Hldgs Inc Stock Price, News & Analysis

TILT Holdings Inc. will host a conference call on May 15, 2023, at 5:00 p.m. Eastern Time to discuss its Q1 2023 financial results for the period ending March 31, 2023. The results will be disclosed in a press release prior to the call. Interested parties can join the call using the toll-free number (888) 886-7786 or the international number (416) 764-8658, with a conference ID of 19884450. The call will also be available for replay on the company's investor relations website. TILT offers cannabis business solutions across 39 U.S. states and internationally, focusing on technology, cultivation, manufacturing, and retail.

TILT Holdings Inc. announced a significant leadership change on April 21, 2023, with Tim Conder appointed as Interim CEO following Gary Santo's resignation. Conder has been with TILT since 2019, previously serving as President and COO. The Board has also appointed Mark Scatterday as a senior advisor focusing on the Jupiter inhalation business. This leadership transition aims to maintain operational continuity as TILT searches for a permanent CEO. The Board expressed confidence in Conder’s ability to guide daily operations and emphasized the company’s commitment to enhancing free cash flow and operational excellence. The company provides solutions for cannabis businesses across multiple sectors, aiming to strengthen its market position.

TILT Holdings Inc. (OTCQX: TLLTF), a global cannabis solutions provider, will participate in two upcoming conferences. CEO Gary Santo will join a panel discussion at the Benzinga Cannabis Capital Conference on April 11, 2023, discussing brand success. Santo will also conduct one-on-one meetings with investors. On April 27, 2023, Senior VP Cristina De Tomasi will speak at MJ Unpacked NYC, focusing on beneficial licensing deals. TILT operates across 39 U.S. states and internationally, providing technology, cultivation, and manufacturing solutions to cannabis brands and retailers.

TILT Holdings Inc. (OTCQX: TLLTF) reported its Q4 2022 results, highlighting a 9% increase in revenue to $44.3 million but a decline from $54.1 million year-over-year. The company's net loss surged to $73.1 million due to a $54.6 million goodwill impairment. However, cash from operations improved significantly to $8.6 million in FY 2022, up from cash used in 2021. Recent debt refinancing reduced principal outstanding debt to $46 million. TILT focused on strategic partnerships and launched innovative products, positioning itself to navigate challenges in the cannabis sector. The firm aims to maintain positive cash flow and adjusted EBITDA moving forward.

TILT Holdings Inc. has announced an amendment to increase its revolving credit facility from $10 million to $12.5 million and extend the maturity to July 21, 2024. The updated borrowing terms will now reflect an interest rate of prime plus 3%. This improvement, which secures financing through its subsidiary Jupiter Research, also includes a $6 million guaranty from TILT. Additionally, George Odden has been appointed to TILT's Board of Directors, bringing valuable M&A expertise. CEO Gary Santo emphasized the importance of enhanced liquidity and favorable terms amid market volatility.

TILT Holdings Inc. (OTCQX: TLLTF) announced a successful partnership with Coda Signature, which won "Boston's Best Edible 2023" for its "Coffee and Doughnuts" chocolate bar at the NECANN Cup. This marks a significant achievement for Coda in a competitive market, showcasing TILT's effective product launch across Massachusetts. Additionally, TILT secured third place in the baked edible category with its Millionaire Shortbread, continuing its winning streak at NECANN. These accolades highlight TILT's commitment to quality in the cannabis industry, enhancing brand recognition and market presence.