Tilt Hldgs Inc Stock Price, News & Analysis

TILT Holdings announces the opening of its Cambridge dispensary on September 2, 2022, following approval from the Massachusetts Cannabis Control Commission. The new facility spans 5,100 square feet and will offer products from TILT’s brands, including flower, concentrates, edibles, and topicals. Located at 1385 Cambridge Street, its operational hours are 9:30 a.m. to 8:00 p.m. on weekdays and until 8:30 p.m. on weekends. This marks TILT's third medical dispensary in Massachusetts, enhancing patient access and expanding their delivery services.

TILT Holdings Inc. reported Q2 2022 financial results, with $47.1 million in revenue, down from $48.5 million year-over-year. Despite a 22% YoY growth in cannabis operations, the company faced challenges in its inhalation business, leading to a net loss of $7.1 million compared to net income of $1.0 million last year. Adjusted EBITDA decreased to $1.1 million. The total cash balance rose to $34.7 million, and TILT revised its 2022 revenue guidance to $205-$210 million due to macroeconomic pressures. New brand partnerships and product launches are expected to drive future growth.

TILT Holdings Inc. (OTCQX: TLLTF) has launched its 1906 cannabis products in Pennsylvania through its subsidiary, Standard Farms. This marks the first roll-out from a previously announced multi-state collaboration with 1906, highlighting TILT's commitment to expanding its brand portfolio. The initial offerings include the new Boost Discovery Pouch featuring THC Drops. Ohio is set for a late August release of additional products, reinforcing TILT's strategy to enhance accessibility for patients in significant medical markets.

TILT Holdings (TLLTF) has launched its Toast products in Massachusetts, available at Commonwealth Alternative Care locations and wholesale partners. This rollout marks the first phase of a previously announced multi-state agreement between TILT and Toast. The Toast Slices, featuring a blend of CBD and THC, cater to both new and experienced cannabis consumers. The company aims for further expansion into Ohio by fall 2022. TILT's CEO emphasized teamwork and product integrity as key to this successful launch.

TILT Holdings Inc. will hold a conference call on August 15, 2022, at 5:00 p.m. Eastern Time to discuss its Q2 2022 financial results, which will be released prior to the call. Interested participants can join via the toll-free dial-in number (877-423-9813) or international number (201-689-8573). This call will include a question-and-answer session and will be streamed online. TILT, headquartered in Phoenix, Arizona, provides various cannabis business solutions including technology, manufacturing, and retail services.

TILT Holdings is advancing its cannabis initiatives with the construction of a new 5,000 square-foot dispensary, Little Beach Harvest, on Shinnecock Tribal Territory in Southampton, NY. Groundbreaking occurred on July 11, 2022, with anticipated completion by early 2023. The dispensary is part of a joint venture with the Shinnecock Nation, aimed at generating economic growth and providing access to cannabis products. The facility will also include a cultivation site and potentially a wellness lounge. The project reflects a commitment to social equity and environmental stewardship within the local community.

TILT Holdings has announced a partnership with the Last Prisoner Project, a non-profit focused on clemency and expungement for individuals with cannabis convictions. This collaboration aims to implement initiatives across TILT’s subsidiaries throughout the year. CEO Gary Santo emphasized the company's commitment to addressing injustices from past cannabis laws. The Last Prisoner Project advocates for restoring justice for those affected by cannabis prohibition, highlighting the ongoing issue of incarceration in the cannabis sector.

TILT Holdings has announced a second amendment to its agreement to sell the White Haven, Pennsylvania facility to Innovative Industrial Properties. The extension allows both parties to conclude the transaction by September 30, 2022, due to delays in receiving necessary third-party diligence items such as title and environmental reports. TILT has operated the 40,000 square-foot facility since January 2019 for cultivation and processing purposes. The firm emphasizes that this extension should provide adequate time to finalize the necessary documentation for the sale.

TILT (OTCQX: TLLTF) has launched its Timeless Vape brand in Ohio, available from select dispensaries since June 13, 2022. The partnership involves TILT's subsidiaries, Jupiter Research and Standard Farms, focusing on a range of vaporization products targeted at medical patients. The initial product offerings include three vape types: Energy, Chill, and Rest, designed for diverse consumer needs. TILT's CEO, Gary Santo, expressed pride in the rapid market activation, emphasizing the company's commitment to delivering premium cannabis products through established partnerships.