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May 25, 2021 at 4:34 pm Published by NCV Newswire
Record Q1 Revenue of $46.8 Million up 15% YoY and 11% QoQ
Record Adjusted EBITDA of $6.2 Million up 28% YoY and 36% QoQ
Reiterates 2021 Guidance of Revenue Between $205 – $210 Million and Adjusted EBITDA Between $30 -$32 Million
PHOENIX, May 25, 2021 (GLOBE NEWSWIRE) TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, reported its financial and operating results for the three-months ended March 31, 2021. All financial information is provided in U.S. dollars unless otherwise indicated.
“Our first quarter results reflect another period of strong execution as we continue to build an integrated B2B cannabis company that partners with leading MSOs, LPs and cannabis brands,” said Gary Santo, President of TILT.
May 24, 2021 at 09:13 AM EDT
TILT Holdings Inc. Announces Exclusive Contract to Manufacture and Distribute Airo Brands in Pennsylvania Through its Subsidiary, Standard Farms
TILT Holdings Inc. (âTILTâ or the âCompanyâ) (CSE: TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, announced the expansion of its partnership with Airo Brands (âAiroâ), a multi-state CPG company focused on proprietary inhalation products. Airo is one of Jupiter Research LLCâs (âJupiterâ) earliest customers, licensing exclusive Jupiter products since 2016 and collaborating on proprietary inhalation technologies. Through this broader partnership with TILT and its subsidiary Standard Farms PA, LLC (âStandard Farmsâ), Airo will look to enter the Pennsylvania market by early summer.
May 24, 2021 at 11:54 am
Exclusive Interview with Incoming TILT Holdings CEO Gary Santo
TILT Holdings (CSE: TILT) (OTCQB: TLLTF) has been through a few different iterations since its inception. Now, President Gary Santo is preparing to step into the CEO role, effective June 1, and guide the company through a growth phase. Santo spoke with New Cannabis Ventures about TILT’s leadership change, the current business model and how the company will grow with federal legalization in mind. The audio of the entire conversation is available at the end of this written summary.
The New CEO
Santo has worked in finance for more than two decades. Every company he has worked with undergone some kind of significant transformation, whether in the form of going public or M&A followed by a delisting and relisting. When he looked at cannabis, Santo saw the need for that kind of transformational experience. He saw TILT getting back to basics to find a business model that works. With a stabilize