Marillionaire
2 년 전
TILT Wins Benzinga Cannabis Award for Best Cannabis Partnership
September 13, 2022 07:30 ET | Source: TILT Holdings Inc.
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PHOENIX, Sept. 13, 2022 (GLOBE NEWSWIRE) -- TILT Holdings Inc. (“TILT” or the “Company”) (NEO: TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, today announced that TILT won “Best Cannabis Partnership” at the annual Benzinga Cannabis Capital Conference held in Chicago this week. The industry accolade spotlights TILT’s partnership with the Shinnecock Nation to develop cannabis operations on sovereign land.
“TILT is a partner-centric company at its core. In early 2019, we pivoted our strategy to essentially build our business around true partnerships starting with cannabis brand deals to bring popular brands to our markets. As the industry turned its focus to brand partnerships, we were already finding immediate successes and went even deeper when thinking about how to enter new markets which brought us to the Shinnecock Nation. We approach partnerships – whether partnering with the Shinnecock Nation and Little Beach Harvest in New York or with our brand partners across Massachusetts, Pennsylvania, and Ohio – with a lens of intentionality and impact, and we actively seek out opportunities that create growth and expansion in our evolving industry,” said Gary Santo, TILT chief executive officer. “We are proud that the industry recognizes our collaboration with the Shinnecock Nation as a prime example of that partnership value. From the beginning, our work with the Shinnecock redefined business models, as well as working relationships, to build sustainable growth through cannabis. Thank you to Benzinga for recognizing our efforts.”
The Benzinga Cannabis Awards celebrate new, creative, innovative, and outstanding people, solutions, and companies in the cannabis industry.
TILT and Shinnecock broke ground on the dispensary, Little Beach Harvest, in July 2022, and are planning a Q1 2023 opening. Plans for Little Beach Harvest include a 5,000 square-feet of dispensary space and a drive-through service along the main Southampton roadway, connecting the tribe with the Hamptons community. For more information on TILT, visit www.tiltholdings.com.
Marillionaire
2 년 전
While the underperformance for the quarter and persistent market headwinds are disappointing, TILT is experiencing solid early returns with its house of brands strategy on the plant touching side of the business with cannabis sales up >20% Y/Y and pricing holding steady for third party branded products in the wholesale channel despite pressure elsewhere in the business. The branded products strategy, through which TILT is bringing large independent west coast brands into Massachusetts and Pennsylvania, remains in the early stages however the initial success can be a precursor to even better results moving forward on enhanced scale of operations and deeper relationships with partner brands
We adjust our estimates to reflect results and the guidance cut however our rating and price target remain Buy and $0.50 respectively. Importantly, we note that unlike in prior years, TILT is positioned to weather further challenging market conditions following the sale lease back transactions announced this past winter and execution by management. Meanwhile on the plant touching side of the business, TILT has a major catalyst looming with its New York managed services business (operating on behalf of the Shinnecock tribe) particularly if the roll-out of traditional rec sales in the state get delayed into the latter part of 2023 or even later. TILT as a service provider to a Native Tribe will face no such regulatory delays with the company having recently broken ground on a Long Island dispensary.
Investment Highlights:
Q2 Results Hindered by Less Demand for Higher Margin Jupiter Hardware products.
2022 Guidance Cut on Macro Headwinds Including Jupiter Weakness and Challenged Wholesale Pricing.
Company Seeing Early Returns with Brand Push. Greater Benefits to Come from House Brands Strategy on Greater Scale and Enhanced Relationships.
Capitalized to Pay Off Debt and Weather Challenging Macro following Previous Sale Lease Back.
NY Remains a Unique Growth Opportunity in 2023.
Marillionaire
2 년 전
LOL , hardly anyone in cannabis hit target , Schwazze killed it , But all things considered , Tilt is growing slower then anticipated , BUT - BUT ,,,,Still Growing
https://cannabisinvestingnewsletter.com/community/tilt-holdings-tlltf-stock-forum/tilt-holdings-tlltf-stock-forecast-analysis/#post-3251
Marillionaire
2 년 전
One of many partnerships tilt is forming , Its an Asset light approach . Maybe more than anyone else?
An afternoon of incredible people, free weed, amazing food, music and the backdrop of beautiful Cape Cod. @TILT_Holdings @CommonwealthAlt pic.twitter.com/fvp568aaYr— Her Highness (@HerHighnessnyc) August 8, 2022
Marillionaire
2 년 전
The Biz model is progressing nice with The NEW Partners,
This is gonna SHOW well later on in 2022 as the 7X Yield improvement in PA standard Farms , and the NEW Grow Rooms in #Massachusetts come online
The NEW partners are scaling , Her Highness , and Ricky Williams with HIGHSMAN etc etc .The NEW Brands are selling well
OldPal is CRUSHING it ,We have many new SKUS are coming
It’s the Model , the New Grow Rooms , and the Revenues ……..all coming together
Cash will be HIGHER , Jupiter back to Growth , and Massachusetts RECREATIONAL selling well, Ohio Ramping Up , Dispensary in Long island coming soon with Shinecock Indian tribe
Marillionaire
2 년 전
Santos said. “We don’t really look at our retail footprint as where we’re going to grow. We look more on the wholesale side.”
The company acts like a partner using its own stores to promote the brands of its partners while focusing on the wholesale and distribution side of the cannabis equation. Brands come over with their own brand architecture and TILT works with them to see what has to change to keep abreast of regulations. “It could be packaging, formulation, or form factor,” Santo said.
“What we do at TILT is basically give you the run of our cannabis assets. So we have facilities in Massachusetts, in Pennsylvania, in Ohio, soon-to-be in New York, where we’re able to provide the plant itself, operations, and also access to our entire sales team.”
An initial strategy used by many MSOs is to go out and buy brands. “The problem there is that it’s expensive to buy them, it’s expensive to maintain them, and you don’t always know if that brand is going to be that winning brand,” Santo explained.