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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.


NEO:TILT - Post by User

Comment by perplexedinveston Jun 15, 2020 5:44pm
243 Views
Post# 31153164

RE:Wow wow Wow

RE:Wow wow Wow Maybe people noticed where they said they gained 5.6 Million in cash during the First Quarter.
At fiscal year-end.....included cash and cash equivalents of $2.6 million......Cash balance as of March 31, 2020 is $8.2 million, up 215% quarter-over-quarter from 2019 year end.
I think that is pretty impressive since a lot of companies are burning through the cash they got from selling shares or through crazy financing.  Tilt has their financing under control and no reason to think that they won't be cash positive every quarter moving forward.
That increase to cash for the quarter gives us an indication of what to expect for Q1 financials and it looks pretty good.  Makes me more excited to see what happens for Q2 and how the stock price will increase.
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