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Alias Born | 02/12/2017 |
Thursday, August 18, 2022 6:33:31 AM
We adjust our estimates to reflect results and the guidance cut however our rating and price target remain Buy and $0.50 respectively. Importantly, we note that unlike in prior years, TILT is positioned to weather further challenging market conditions following the sale lease back transactions announced this past winter and execution by management. Meanwhile on the plant touching side of the business, TILT has a major catalyst looming with its New York managed services business (operating on behalf of the Shinnecock tribe) particularly if the roll-out of traditional rec sales in the state get delayed into the latter part of 2023 or even later. TILT as a service provider to a Native Tribe will face no such regulatory delays with the company having recently broken ground on a Long Island dispensary.
Investment Highlights:
Q2 Results Hindered by Less Demand for Higher Margin Jupiter Hardware products.
2022 Guidance Cut on Macro Headwinds Including Jupiter Weakness and Challenged Wholesale Pricing.
Company Seeing Early Returns with Brand Push. Greater Benefits to Come from House Brands Strategy on Greater Scale and Enhanced Relationships.
Capitalized to Pay Off Debt and Weather Challenging Macro following Previous Sale Lease Back.
NY Remains a Unique Growth Opportunity in 2023.
Handcrafted cannabis investments
Recent TLLTF News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/12/2024 08:15:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:04:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:03:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:02:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:01:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 10:04:47 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:01:31 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/07/2024 09:01:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/31/2024 10:27:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:05:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:04:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:03:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:02:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:31:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 09:20:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/06/2023 08:50:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/05/2023 08:50:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/05/2023 08:49:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/05/2023 08:49:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/05/2023 08:46:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/02/2023 09:03:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/29/2023 08:05:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/07/2023 10:06:08 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/17/2023 11:14:24 PM
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