Tilt Hldgs Inc Stock Price, News & Analysis

TILT Holdings announced an agreement via its subsidiary Jupiter Research with House of Blends Inc. to distribute the innovative Blend Pen™ in the U.S. and Canada. The Blend Pen™ features dual cartridges, enabling users to mix unique THC and CBD blends. Expected to launch by early 2023, it aims to enhance the personalization of cannabis consumption through adjustable power outputs and an accompanying app. This new product is showcased at the MJBizCon event, highlighting TILT's commitment to consumer-driven innovation.

TILT Holdings Inc. (TLLTF) announced the upcoming launch of Concept LVT, a unique rig-less dab solution set to debut in early 2023. Developed by TILT's subsidiary, Jupiter Research, the Concept LVT targets the growing cannabis concentrate market, projected to achieve $8 billion in retail sales this year. Featuring an innovative heating technology, this product offers enhanced flavor and ease of use, as consumers will use reusable cartridges and pre-filled crucibles. This initiative underscores TILT's commitment to innovation and responsiveness to market trends.

TILT Holdings reported an 8% increase in year-over-year revenue, driven by a remarkable 424% growth in brand partner sales. For the third quarter of 2022, revenue stood at $40.5 million, down from $53.4 million in the prior year due to lower inhalation business sales. Despite a net loss of $15.7 million compared to a net income of $1.0 million last year, TILT achieved positive cash flow from operations, totaling $8.3 million year-to-date. The company also announced an extension of senior debt maturities and a new debt agreement expected to strengthen its financial position moving forward.

TILT Holdings has launched a new cannabis-infused brownie mix called Baked at Home, developed in collaboration with the cannabis brand Old Pal. This product, available for approximately $25, simplifies the baking process for consumers by including dry ingredients infused with 100mg of THC. Each box produces 20 brownies, with each serving containing roughly 5mg of THC. The mix will be available in Massachusetts and California, just in time for the holiday shopping season, maximizing brand exposure and enhancing consumer access to cannabis edibles.

TILT Holdings has amended senior secured promissory notes totaling US $9.6 million, extending their maturity date from November 14, 2022 to December 31, 2022. CEO Gary Santo indicated this extension aligns with the previous sale and leaseback terms for the White Haven facility. The company is in discussions to refinance these notes and potentially replace the entire legacy debt structure. The outcome of these negotiations is expected to materialize by year-end, signaling ongoing investor confidence despite challenging market conditions.

TILT Holdings has partnered with Coda Signature, a leading infused chocolatier, to launch Coda's cannabis-infused products in Massachusetts in Q1 2023, followed by Ohio. This addition to TILT's brand portfolio emphasizes BIPOC and women-owned enterprises. Coda, founded in Colorado in 2016, offers premium chocolate bars and innovative cannabis products, gaining popularity for unique flavors. TILT's CEO highlighted the significance of this partnership, aiming to expand Coda’s reach and consumer base in Massachusetts through existing dispensaries.

TILT Holdings announced that its subsidiary, Jupiter Research, has signed a five-year exclusive agreement with Curaleaf International to manufacture and supply the Liquid Que™ vaporizer for use as a medical device. This partnership will expand TILT's footprint into the UK and European markets, with plans to enter additional territories including Australia and the UAE. The Liquid Que™, designed for high-viscosity cannabis extracts, is projected to be available in the UK by late 2023, pending regulatory approvals.

TILT Holdings, a global provider of cannabis solutions, will participate in two key conferences: MJBizCon and CannaVest, both held in Las Vegas from November 15-18, 2022. CEO Gary Santo will be featured in panels discussing social equity in cannabis and post-pandemic industry trends. TILT supports cannabis brands through its technology and services across the U.S. and internationally. With operations in 37 states, the company's core businesses include Jupiter Research and various cannabis operations across multiple regions.

TILT Holdings (OTCQX: TLLTF) has launched the medical marijuana brand “H” by Ricky Williams in Pennsylvania. This brand focuses on wellness for athletes and includes sativa, hybrid, and indica products designed for different times of the day. Williams aims to destigmatize marijuana use through his brand, which is already available in five states. TILT’s partnership with Standard Farms will facilitate distribution in Pennsylvania, allowing patients access to these products through local dispensaries.