TLLTF - Tilt Holdings' CEO: Cost-Cutting Strategy For Profitability And Vape Hardware Strategy | Benzinga
Tilt Holdings (OTC: TLLTF), led by interim CEO Tim Conder has undertaken significant cost-cutting measures and shifted its focus towards the cannabis company's vape hardware business.
The expense reduction campaign, which included layoffs, is expected to save the Phoenix-based multi-state operator $8 million annually.
Tilt also terminated its $1.4 million joint venture with the Shinnecock Indian Nation in New York, opting out of plans to open a Native American tribe-associated store.
Conder told MJBizDaily that during his second stint as a Tilt executive, he aims to