JohnCM Investment Corner

[happyglass]

I listened to the investor call again and it sounds great. I understood him to say their operations are fully funded through sales for years, yet I look at their financials for 2020 and their cost of good sold (what I understand to be how much it costs to make the products) million of dollars higher than their sales. It also lists their ebit as -63 million. The loss is lower than the 145 mil in 2019 but it just seems off to me. The reporting of the US companies income as earnings before tax means they do not show what they lose to that pesky 280e filing that does not let them write off their business expenses on the plant touching side of the biz. I do like their focus on CPG and supporting brands rather than trying to reinvent the wheel tho! They also only made 10 million more in sales in 2020 than they did in 2019. Considering the growth of the industry in the past year that seems low. I think it is worth throwing a few bucks at it would not hurt. You are the chart guy and if you see promise on that front that is cool. I think HighTide will be more solid once the dust settles from their r/s and uplist but we can have a little bit of all the new companies can’t we? ;)


TILT HOLDINGS, INC. (TILT:CNSX )
0.59 0.00 | 0.00% Volume: 0 Bid (size): 0.59 (3,000) Ask (size): 0.60 (1,000)
+Add To Watchlist + Create Alert 3:49 PM ET 07/02/2021
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OverviewChartsNewsOptionsFundamentalsEarnings & RatingsFinancialsShareholdersResearch
Balance Sheet (Annual)Balance Sheet (Quarterly)Income Statement (Annual)Income Statement (Quarterly)
Dec 2020 Dec 2019 Dec 2018 Nov 2017
All dollar amounts in Millions except per ratios.
Sales/Revenue 212.47 202.93 4.54 0.00
Cost of Goods Sold (COGS) incl D&A 244.65 348.30 51.69 0.00
Cost of Goods Sold excluding D&A 219.81 311.47 50.84 0.00
Depreciation & Amortization 24.84 36.83 0.84 0.00
Depreciation N/A 9.75 0.42 0.00
Amortization of Intangibles N/A 27.08 0.42 0.00
Amortization of Deferred Charges 0.00 0.00 0.00 0.00
Gross Income -32.17 -145.36 -47.15 0.00
Selling, General & Administrative Expense 31.57 39.25 20.77 0.06
Research & Development 0.08 N/A N/A N/A
Other Selling, General & Administrative Expense 31.49 39.25 20.77 0.06
Other Operating Expense 0.00 -1.88 1.84 0.00
EBIT (Operating Income) -63.74 -182.73 -69.76 -0.06
Non-Operating Income (Expense) 6.46 4.94 2.71 0.00
Non-Operating Interest Income 5.14 4.35 2.85 0.00
Equity in Earnings of Affiliates 0.00 0.00 0.00 0.00
Reserves Increase (Decrease) 0.00 0.00 0.00 0.00
Other Income (Expense) 1.32 0.58 -0.14 0.00
Interest Expense 14.08 18.33 0.00 0.00
Gross Interest Expense 14.08 18.33 0.00 0.00
Interest Capitalized 0.00 0.00 0.00 0.00
Unusual Expense 5.30 -10.31 645.93 N/A
Impairments 45.89 29.94 640.88 N/A
Loss due to impairment of goodwill 26.05 4.77 640.88 0.00
Loss due to impairment of intangible assets 6.29 18.11 0.00 0.00
Property, Plant & Equipment - Impairment 13.55 7.06 N/A N/A
Financial Fixed Assets - Impairment N/A N/A N/A N/A
Exceptional Provisions N/A N/A N/A 0.00
Restructuring Expense 0.00 3.24 5.25 0.00
Legal Claim Expense N/A N/A N/A N/A
Unrealized Valuation Gain/Loss 62.99 49.70 0.20 N/A
Investments -0.45 N/A N/A N/A
Unrealized Valuation Gain/Loss N/A N/A N/A N/A
Biological Assets 63.44 49.70 0.20 N/A
Hedges/Derivatives N/A N/A N/A N/A
Other Intangibles N/A N/A N/A N/A
Exceptional Charges - Other 22.39 6.22 N/A N/A
Restructuring of Debt 22.39 6.22 N/A N/A
Early Termination of Contracts Costs (Income) N/A N/A N/A N/A
Acquired In-Process R&D N/A N/A N/A N/A
Calamitous Events N/A N/A N/A N/A
Accelerated Depreciation N/A N/A N/A N/A
Other Unusual Expense N/A N/A N/A N/A
Pretax Income -76.66 -185.81 -712.97 -0.06
Income Taxes -6.76 -8.84 0.06 0.00
Income Tax - Current - Domestic -0.75 3.14 0.00 0.00
Income Tax - Current - Foreign 1.21 0.00 0.00 0.00
Income Tax - Deferred - Domestic (incl. local) -7.22 -11.97 0.06 0.00
Income Tax - Deferred - Foreign 0.00 0.00 0.00 0.00
Income Tax Credits 0.00 0.00 0.00 0.00
Equity in Earnings of Affiliates 0.00 0.00 0.00 0.00
Other After Tax Adjustments 0.00 0.00 0.00 0.00
Consolidated Net Income -69.89 -176.97 -713.04 -0.06
Minority Interest Expense 0.00 0.00 0.00 0.00
Net Income -69.89 -176.97 -713.04 -0.06
Discontinued Operations -71.96 0.00 0.00 0.00
Preferred Dividends 0.00 0.00 0.00 0.00
Net Income Avail to Common - Basic -141.85 -176.97 -713.04 -0.06
EPS - Diluted - Before Unusual Expense -0.38 -0.52 -0.95 0.00
EPS - Basic - Before Extraordinaries -0.39 -0.50 -2.59 0.00
Basic Shares Outstanding 364.56 355.84 275.35 23.44
Total Shares Outstanding 367.18 362.28 275.35 1.09
EPS - Fully Diluted -0.39 -0.50 -2.59 0.00
Diluted Shares Outstanding 364.56 355.84 275.35 23.44
Total Shares Outstanding 367.18 362.28 275.35 1.09
Earnings Persistence 76.78 60.46 0.00 46.19
Dividends per Share 0.00 0.00 0.00 0.00
Payout Ratio N/A N/A N/A N/A
EBITDA -38.90 -145.90 -68.92 -0.06
EBIT (Operating Income) -63.74 -182.73 -69.76 -0.06
Depreciation & Amortization N/A N/A N/A N/A
Rental/Operating Lease Expense 0.81 1.32 0.90 N/A
Stock Option Compensation Expense 4.11 73.76 27.60 N/A
Foreign Currency Adjustment (Net) 0.00 0.10 -0.14 N/A
Tax Rate N/A N/A N/A N/A
Ordinary Income N/A N/A N/A N/A
Headline EPS N/A N/A N/A N/A
Headline EPS (diluted) N/A