TILT Holdings - (NEO: TILT) (OTCQX: TLLTF) - Investor Dashboard


TILT Holdings
NEO Ticker: TILT
OTCQX Ticker: TLLTF
Market Focus: United States
Classification: Ancillary
Country: United States
Employees: 400 as of 8/2022
Established: 2018
CEO: Gary Santo

Summary

Fiscal Year-End: Dec 31
Exchange: NEO, OTCQX
Auditor: MGO
Headquarters: Phoenix, AZ
MSO Operations: 4 States

Financials (06/30/22)

Cash on hand: $6.5 million
Fixed Assets: $71.2 million
Shareholders’ Equity: $209.0 million
Revenues – Last Quarter: $47.1 million
Adj. Gross Margin : 23.3%
EPS : -0.02

Capital Structure (06/30/22)

Last Financing:  US$35m debt with C$0.33 warrants
Basic Shares: 332.0 million
Warrants: 73.9 million
Options: 12.2 million
Diluted Shares: 475.3 million

Company Brief

Headquartered in Phoenix, Arizona, TILT (Follow Company) is a different kind of MSO focused on B2B sales and supporting MSOs, LPs, and cannabis businesses brands worldwide through a diverse portfolio of technology, hardware, cultivation and production assets. The company spans across 36 states in the U.S., as well as Canada, Israel, Mexico, South America and the European Union.

TILT’s core businesses are in the vaporization segment focused on hardware design, research, development and manufacturing and its cannabis operations in Massachusetts, Pennsylvania and Ohio. The company has also broken ground on an operation in New York through a partnership with the Shinnecock Indian Nation.

TILT’s B2B Strategy


Highlights

  • #1 seller of CCELL™ vape technology
  • Plant-touching operations in Massachusetts, Pennsylvania, Ohio and New York
  • Sales in 15 countries and 37 states
  • 125,000 square feet of cultivation and production space
  • 15+ major public and private MSO customers, 5+ major LP customers and 300 dispensaries with TILT’s branded products
  • Disruptive inhalation tech powers more than 700 cannabis brands throughout the world
  • Facilities in New York, Massachusetts, Pennsylvania and Ohio

Growth Strategy

  • Prior investments position TILT for scale throughout 2021
  • Funding growth through cashflow and EBITDA positive operations
  • Opportunity for expansion in multiple markets through cross-selling between inhalation and plant-touching customers
  • Ability to internally fund growth through cashflow and EBITDA-positive operations
  • 57% of customer base offers an untapped cross-sell opportunity
  • Building a 60,000-square-foot cultivation and processing facility and two-story facility in New York through a partnership with the Shinnecock Indian Nation

Differentiators

  • Unique multi-state and international operator focused on B2B
  • Turnkey plant-touching assets in fast-growing markets
  • Leader in vape technology that is now the backbone of the inhalation industry
  • 90% wholesale penetration in Pennsylvania, 60% wholesale penetration in Massachusetts and 35% wholesale penetration in Ohio

Institutional Analyst Coverage

Bobby Burleson
Canaccord Genuity

Aaron Grey, CFA, CPA
Alliance Global Partners

Jon Decourcey
Viridian


Curated Stories & News


Visit TILT Holdings, Inc.
at www.tiltholdings.com

New Cannabis Ventures in partnership with due diligence platform 420Investor, is the definitive source for fact-based, data-driven, financial information and relevant company news for qualified publicly traded cannabis companies. NCV extracts and parses only the most important content. Information is provided “as is” and solely for informational purposes, not for trading or advice. TILT Holdings, Inc., is a client of NCV Media, LLC. Read our full disclaimer.