TILT Holdings Inc (NEOE:TILT)
C$ 0.005 0 (0%) Market Cap: 1.95 Mil Enterprise Value: 175.63 Mil PE Ratio: 0 PB Ratio: 0.67 GF Score: 0/100
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Q3 2024 TILT Holdings Inc Earnings Call Transcript

Nov 14, 2024 / 10:00 PM GMT
Release Date Price: C$0.005

Key Points

Positve
  • TILT Holdings Inc (TLLTF) is focusing on its largest segment, Jupiter Research, which is expected to provide better growth opportunities.
  • The company has undertaken a significant transformation process, reducing costs and making strategic investments in neglected areas.
  • Jupiter's sales reorganization and leadership updates are aimed at adapting to evolving market dynamics and supporting customer growth.
  • The asset-light model for Jupiter emphasizes just-in-time production and shipping, which is expected to improve working capital.
  • TILT Holdings Inc (TLLTF) is exploring strategic alternatives for its plant-touching assets, which could reduce operational expenses and improve the balance sheet.
Negative
  • The cannabis sector is experiencing significant downward pressure, impacting TILT Holdings Inc (TLLTF)'s operations.
  • Year-over-year revenue decreased significantly, primarily due to challenges in the Jupiter hardware business.
  • Gross margin decreased due to increased logistics costs and product mix, impacting overall profitability.
  • The company's balance sheet challenges remain a significant concern, with efforts to address debt and operational expenses ongoing.
  • Market dynamics in Massachusetts and Pennsylvania are challenging, with competitive pricing and market saturation affecting sales.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TILT.NLB - TILT Holdings Inc
Q3 2024 TILT Holdings Inc Earnings Call
Nov 14, 2024 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, everyone and welcome to Tilt holdings' third quarter, 2024 conference call and webcast.

Today's call is being recorded for replay purposes.

A replay of this audio webcast will be available in the investors section of the company's website approximately two hours after the completion of the webcast and will be archived for 30 days.

I would now like to turn the conference call over to your host, Tilt Head of Investor relations and corporate communications. Lynne Ricky. Please go ahead.

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Unidentified_2 [2]
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