- Modest Q4 miss on pricing pressure and some reduced hardware spending.
- ’22 guidance was lower than expected on macro pressures. Believe there are sources of upside beyond targets.
- Remain positive on brand partnership strategy and expect to bear greater fruit on scaled cultivation/production capacity and as pricing pressure impacts East Coast markets.
- Shinnecock Nation agreement (in NY) offers potential formeaningful growth.
- Cash an issue. Expect companywill have to complete financing to fund NY expansion and loomingdebt issues. Confident that non-dilutive sources of financing areobtainable.
For further details see:
TILT Holdings: Long-Term Opportunity Intact; Expect 1H/22 Pressures And Likely To Need Capital