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TLLTF - TILT Holdings: Near-Term Headwinds With Jupiter Shipping Costs
November, 18 2021 09:00 AM
TILT Holdings Inc
Q3/21 EBITDA miss on delayed product approval in PA, MA cultivation underperformance and inflated freight costs. Expect freight costs to linger into ’22. Management reduced ’21 adjusted EBITDA guidance by nearly 20% at midpoint while stating that revenues would come in at low end of range. Maintain positive outlook for ’22 on scaling revenues and enhanced margins on greater proportion of branded product sales. Shinnecock Nation agreement in NY offers potential for meaningful growth. For further details see:
TILT Holdings: Near-Term Headwinds With Jupiter Shipping Costs
Stock Information
Company Name:
TILT Holdings Inc
Stock Symbol:
TLLTF
Market:
OTC
Website:
tiltholdings.com
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