Press release content from Globe Newswire. The AP news staff was not involved in its creation.
TILT Holdings Reports Fourth Quarter and Full-Year 2020 Financial Results Including First .
TILT Holdings Inc.April 15, 2021 GMT
Full-year 2020 Adjusted EBITDA of $16.9 million compared to Adjusted EBITDA loss of $0.8 million in 2019
Full-year 2020 cash from operating activities improved $34.2 million compared to 2019
Full-year 2020 cannabis revenue increased 41% compared to 2019
Full-year cash expenses decreased 30% compared to 2019
PHOENIX, April 15, 2021 (GLOBE NEWSWIRE) TILT Holdings Inc. (“TILT” or the “Company”) ( CSE: TILT ) ( OTCQB: TLLTF ) a provider of business solutions to the global cannabis industry that includes inhalation technologies, cultivation, manufacturing, processing, brand development and retail, reported its financial and operating results for the three and twelve-months ended December 31, 2020. All financial information is provided in U.S. dollars e
After Nike, Inc. (NYSE: NKE)’s launch of new advertising and an improved brand assortment, Wells Fargo is turning bullish on partner Foot Locker, Inc. (NYSE: FL)
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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
TILT Holdings Enters Third Market through the Completion of Its Acquisition of Ohio Processing .
TILT Holdings Inc.March 16, 2021 GMT
PHOENIX, March 16, 2021 (GLOBE NEWSWIRE) TILT Holdings Inc. (“TILT or the “Company”) ( CSE: TILT ) ( OTCQX: TLLTF ), a provider of business solutions to the global cannabis industry that includes inhalation technologies, cultivation, manufacturing, processing, brand development, distribution and retail, announced that it has completed its acquisition of Standard Farms Ohio LLC (“SFO”), previously announced on April 16, 2019.
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SFO’s purpose-built 9,600 sq. ft. processing and CO2 extraction facility (the “Facility”) is conveniently located just outside of Cleveland, providing ready access to the state’s 52 operating dispensaries. The Facility currently produces high-quality medical cannabis products including tinctures, vap
TILT Holdings Inc. (OTCQX:TLLTF).
The Phoenix-based vertically-integrated infrastructure and cannabis company announced Friday the launch of Her Highness products in select dispensaries in the Bay State, within a month following the contract s inking.
TILT announced the collaboration with the cannabis brand, co-founded and led by Allison Krongard and Laura Eisman, in February.
Under the partnership, TILT s Taunton-based subsidiary Commonwealth Alternative Care agreed to manufacture and distribute Her Highness branded products within the state.
Krongard said they are very impressed by the professionalism and expertise TILT has provided as our partner. We know Tilt will carry our vision and mission by precisely crafting and distributing our products, Eisman disclosed.
CAC”). The Company intends to begin cultivation operations in the newly approved space later this month.
“We are pleased to announce the regulatory approval of the second phase of the planned expansion of our 117,000 sq ft cultivation and manufacturing facility in Taunton, Massachusetts,” said
Gary Santo, president of TILT. “We now have more than 56,000 sq. ft. of cultivation space with the ability to add a second grow tier to each of the eight new rooms, pending regulatory approval. Once planted, these additional rooms will fortify the supply of premium flower for our Taunton dispensary, and together with our award-winning kitchen and state-of-the art extraction and processing lab, will support the production and distribution of high-quality, consistent products for our brand partners. As we continue to solidify CAC’s presence in the state, we remain committed to working with the CCC to achieve final state licenses permitting medical dispensary operations at our Brockto