Start of Growth PhaseLooks like all the "Asks" are going up - with 2 good consecutive quarters of increased cash and EBITDA positive will get some more attention. As we near the end of August - starting to look to Q3 - and all estimates are higher for Q3 and Q4 revenues - with stronger positive cash position and positive EBITDA. TILT has completed the stabilization of the core and is now entering growth phase. And as stated in earnings call "Look to hear more on that front soon".
What impacted Q2 numbers and have now rebounded to normal and growing levels
- Massachusetts shutdown April and May
- Higher inventory levels for Jupiter customers in Q1 (record quarter) - which slowed in Q2 as customers more cautious due to COVID
In the call TILT stated that COVID impact has returned back to normal levels and poised for growth. They have stabilized their core and their next goal is growth in all areas. They are one of the few companies with 2 Quarters of positive cash flow and positive Adjusted EBITDA.
Where can growth come from - in each portfolio - with little to no Capital Expenditure
1. Jupiter global market leader - and looking to continue international and domestic growth
They have grown significantly since Jan 2019 and continue to focus on growth.
2. Taunton - additional capacity - and additional retail licenses
3. Blackbird - Software is available across the Country - Delivery Nevada and California - with intention to expand.
- Smoore is looking to expand partnership state side for research and development
- Jupiter is largest vape partner and top 5 overall partner with Smoore (with likes of British tobacco) - and handles all CCELL warranty claims in the US.
Clear indication of news to come before Q3 "Look to hear more on that front soon"