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On Monday, Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) announced it s purchasing Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HRVSF) for roughly $2.1 billion in stock. Harvest shareholders will own roughly 26.7% of Trulieve s issued and outstanding pro forma shares on a fully diluted basis. Commenting on the deal, Debra Borchardt, CEO of Green Market Report, told Benzinga, “The acquisition is likely to come with its fair share of headaches. Harvest Health has a mountain of debt and lots of lawsuits over various deals. Still Trulieve is certainly on a quest to become a nationwide company and this will certainly help pave the way.” ....
TILT Holdings Inc. (CSE:TILT) (OTCQX:TLLTF), a global provider of cannabis business solutions including inhalation technologies, cultivation, manufacturing, processing, brand development and retail, announced that current President Gary Santo will be appointed as the company’s new CEO, effective June 1, 2021. Current CEO Mark Scatterday will continue to serve as chairman of the Board. He will also serve as a special advisor to TILT’s research and development team as they continue to create new technology and product innovations. “To be appointed as the CEO of such an innovative company with an incredibly talented team is truly an honor. TILT was given the opportunity for a second act, something truly rare in this space. Our proven commitment to value creation by divesting unprofitable business segments and focusing on how best to serve consumers, MSOs, licensed producers and cannabis brands has led to a strong growth outlook for 2021, which has us nearly doub ....
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April 15, 2021 at 7:24 am Published by NCV Newswire TILT Holdings Reports Fourth Quarter and Full-Year 2020 Financial Results Including First Full-Year of Positive Adjusted EBITDA 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 except where ....
TILT Holdings Reports Fourth Quarter and Full-Year 2020 Financial Results Including First Full-Year of Positive Adjusted EBITDA TILT Holdings Inc. (âTILTâ or the âCompanyâ) (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 except where otherwise indicated. Results of Yaris Acquisition, LLC and its subsidiaries (together, âBlackbirdâ) have been reclassified as discontinued operations on the income statement and statement of cash flows. All periods have been updated to reflect this change. ....