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SVVTF - TILT Holdings: $500M Impairment And Liquidity Concerns
TILT Holdings Inc
TILT Holdings (SVVTF) has been going through some tough times lately. The company announced 2018 full-year results along with a $500 million goodwill impairment, which was accompanied by a six-month $20 million bridge loan bearing a 19% interest rate. Investors are now concerned about the accounting and the quality of assets that formed TILT in a four-way merger back in December 2018. The expensive bridge loan also raised concerns around TILT's near-term liquidity outlook. We think the shares will remain under pressure until its new leadership takes actions to shore up its balance and restore