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TILT Holdings Inc ( (TSE:TILT) ) has provided an update.
TILT Holdings Inc. reported its financial results for the fourth quarter and full year 2024, highlighting a strategic shift towards focusing on its Jupiter business. The company is divesting its Massachusetts retail assets and exiting plant-touching operations to become more agile. Despite a decrease in revenue, TILT improved its gross margin and adjusted EBITDA due to operational changes. The company also announced leadership changes and plans to sell its Massachusetts retail locations, aiming to strengthen its market position and achieve strategic goals.
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 enhancing its Jupiter business segment to expand its 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.