TILT Holdings Inc N.TILT

Alternate Symbol(s): TLLTF

TILT Holdings Inc. (TILT) is a Canada-based company. The Company is a business solution provider to the global cannabis industry, offering a diverse range of value-added products and services to industry participants. The Company operates through four segments: Cannabis, Accessories, Corporate, and Other. It provides technology, hardware, cultivation, production, and distribution, TILT services brands and cannabis retailers in regulated markets across 40 states in the United States, as well as Canada, Israel, Mexico, South America, and the European Union. The Company operates through two business divisions: Inhalation Technology and Cannabis. The Inhalation Technology division encompasses the business of Jupiter Research, LLC which participant in the cannabis vape and accessory product market. The Cannabis division supports third-party cannabis clients through turn-key retail, distribution, cultivation and manufacturing offerings.

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TILT Holdings Inc > TILT Core Assets - the Real Truth

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Comment by Truth101on Apr 18, 2020 6:53pm

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Post# 30926005

RE:RE:RE:TILT Core Assets - the Real Truth

You have no connection to reality. Like zero.

TILT has told shareholders that will get Sante Veritas is a core asset and they will get it licensed. In the meantime they have dumped millions into this. You can't spin this. Sante Veritas is a total disaster and makes TILT look incompetent

Audi2020 wrote:
Like I so brilliantly said - Sant Veritas is a non issue - and not a core asset. Your attempt at bashing is useless and pathetic - read the post below again from expert analysts - and then go crawl back under your rock. You better cover your short Monday - you are about to lose large.

TILT’s core business provides an ancillary play on the growing US cannabis space through its vape hardware, distribution & technology business. We expect the US cannabis could reach $90B at maturity, vs $12.5B in 2019, with TILT positioned to benefit from the industry’s continued growth.

The base of our thesis on TILT revolves around its
Jupiter subsidiary, which distributes CCELL vape hardware. The business has seen robust growth (ex the recent hit from vape scare) and most importantly has been consistently profitable.

TILT breaks out revenue segments within five categories including accessories, technology, distribution, cannabis, and other. Accessories represents TILT’s Jupiter Technologies vape hardware business. Technology includes legacy Baker and Briteside (as well as some Blackbird revenue), while distribution is its legacy Blackbird business - and we believe it is best to look at the two segments together given they will all fall under the Blackbird umbrella. Cannabis primarily represents its Massachusetts & Pennsylvania cannabis operations. Accessories make up the largest portion of revenue at 70% in 3Q19, followed by cannabis at 17%, and technology & distribution at a combined 13%. Going forward, we expect cannabis sales to increase as a % of sales, as the company expands cultivation in PA & MA, and opens up dispensaries in MA.

Outside the US, TILT’s subsidiary Sant Veritas Therapeutics is a late applicant
to become a licensed producer in Canada, though given saturation in the Canadian market we do not believe TILT will invest behind this asset and instead look to eventually sell.