TILT Holdings Inc ( (TSE:TILT) ) has provided an update.
TILT Holdings Inc. reported its financial results for Q4 and the full year 2024, highlighting a transformative year with strategic shifts towards focusing on its Jupiter segment. The company is divesting its Massachusetts retail assets and exiting plant-touching operations to become more agile and focused. Despite a decrease in revenue and an increase in net loss, improvements in gross margin and cash operating expenses were noted. TILT is making organizational changes, including leadership enhancements, to drive business forward and expand its product portfolio.
More about TILT Holdings Inc
TILT Holdings Inc. is a global provider of cannabis business solutions, offering services such as inhalation technologies, cultivation, manufacturing, processing, brand development, and retail. The company focuses on streamlining operations and enhancing its Jupiter segment to expand market presence and improve capital access.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$213.8M
For a thorough assessment of TILT stock, go to TipRanks’ Stock Analysis page.