TILT Holdings Inc (TSE:TILT) has released an update.
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TILT Holdings Inc. experienced a mixed second quarter in 2024, with growth in their plant-touching sectors but a decline in revenue due to challenges in their Jupiter hardware business. The company is actively transitioning Jupiter to a just-in-time production model to improve margins and reduce capital costs. Despite a net loss and decrease in revenue, TILT remains positive about future growth opportunities, particularly in the Ohio market, following cannabis regulatory changes.
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