SVVTF - TILT Holdings Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.4785
-0.0397 (-7.65%)
At close: 3:59PM EDT
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Previous Close0.5181
Open0.5330
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.4689 - 0.5330
52 Week Range0.3088 - 3.0000
Volume456,872
Avg. Volume453,310
Market Cap89.333M
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est5.28
Trade prices are not sourced from all markets
  • Business Wire

    TILT Holdings Announces Ticker Symbol Change to “TLLTF” on OTCQB Exchange

    TILT Holdings Inc. , a foundational technology cannabis platform comprised of assets to support brands worldwide, announced today that effective immediately the Company’s ticker symbol on the OTCQB Markets has changed from “SVVTF” to the symbol “TLLTF”.

  • Business Wire

    TILT Holdings Announces Marshall Horowitz as General Counsel

    TILT Holdings Inc. (“TILT” or the “Company”) (TILT.CN) (SVVTF), a foundational technology cannabis platform comprised of assets to support brands worldwide, announced today the appointment of Marshall P. Horowitz as General Counsel. Mr. Horowitz will be responsible for providing TILT’s senior management with legal advice that informs the Company's business strategy and its implementation.

  • Benzinga

    Tilt Holdings Reports Higher Revenue, Shrinking EBITDA Losses In 'Highly Productive' Q2

    Cannabis tech company TILT Holdings Inc. (OTC: SVVTF ) (CSE: TILT) posted $39 million in second-quarter revenue on Wednesday, up 13% quarter-over-quarter.  The company's adjusted EBITDA loss fell by 49% ...

  • Benzinga

    Tilt Holdings Reports $125M Convertible Note Financing

    Vertically integrated infrastructure and cannabis company TILT Holdings Inc (OTC: SVVTF) (CSE: TILT) said Tuesday that it has signed a binding term sheet for a private placement of $125 million from a group of institutional investors led by the investment firm UCP. UCP is based in Toronto and focuses on private equity opportunities in the cannabis, digital media and tech industries. The investment is in the form of convertible senior secured notes that will supply aggregate gross proceeds to Tilt Holdings.

  • Business Wire

    TILT Added to the Horizons US Marijuana Index ETF

    TILT Holdings Inc. (“TILT” or the “Company”) (TILT.CN) (SVVTF), a leading provider of products and services to businesses operating in the US cannabis industry, today announced that its shares have been included in the Horizons US Marijuana Index ETF (HMUS/HMUS.U). “We are pleased with our inclusion in the Horizons US Marijuana Index,” said Mark Scatterday, Chairman and Interim CEO of TILT Holdings. The Horizons US Marijuana Index ETF seeks to replicate, to the extent possible, the performance of the US Marijuana Companies Index, net of expenses.

  • Business Wire

    TILT Achieves Key Milestone in Distribution Services with Blackbird Business Unit Completing Deliveries to Every Licensed Dispensary in California and Nevada

    TILT Holdings Inc. (“TILT” or the “Company”) (TILT.CN) (SVVTF), a leading provider of products and services to businesses operating in the US cannabis industry, today announced that its subsidiary Blackbird Logistics Corporation (“Blackbird”) has delivered cannabis products to every licensed cannabis dispensary in California and Nevada, totaling more than 600 retail locations.

  • Business Wire

    TILT Concludes First Annual General and Special Meeting of Shareholders

    TILT Holdings Inc. (“TILT” or the “Company”) (TILT.CN) (SVVTF), a US-focused cannabis company, today announces the appointment of current Board member and interim Chief Executive Officer, Mark Scatterday, as Chairman of the Board of Directors of the Company (the “Board”), as well as the results of the annual general and special meeting of shareholders of TILT (“Shareholders”) held yesterday in Cambridge, Massachusetts (the “Meeting”).

  • Why You Should Hold Your Horses on Buying Tilt Holdings Stock
    SmarterAnalyst

    Why You Should Hold Your Horses on Buying Tilt Holdings Stock

    Due in part to the weak stock market, Tilt Holdings (SVVTF) trades at the lows near $1. The Q1 report didn’t help clear up any questions regarding running a far-flung cannabis business and the interim CEO responding to investor questions suggests too much focus on the stock market and not enough on the operations. The stock likely needs a quarter where the EBITDA losses are cut to spark investor interest.Mixed Q1 For Q1, Tilt reported pro-forma revenues jumped to $39.6 million. The company was formed via a merger of four unrelated companies focused on the U.S. cannabis sector further rolled into three additional acquisitions to create a hedge podge of businesses.A prime area of focus will be the bottom line with Tilt. The company has to prove the ability to integrate and manage a variety of businesses that range from cultivation and production to consumer devices to software and services.For the quarter, Tilt reported an adjusted EBITDA loss of $8.0 million. The pro-forma number dipped to $7.3 million, up from $5.5 million in the prior quarter. The pro froma adjusted EBITDA loss was a rather large 18.4% of quarterly revenues.As with a lot of these new and smaller cannabis stocks, the quarterly earnings release was very sparse. The company doesn’t even list the crucial diluted share count in the press release so that investors can tie this amount to the pro-forma numbers provided. The listed market valuation is about $325 million.Questions RemainClearly the market is highly skeptical of the deals made to form Tilt Holdings. So much so that the interim CEO took the time to officially respond to shareholder questions.The biggest question is likely the financial position with only a $12.1 million cash balance position at the end of March. The quarterly adjusted EBITDA loss would eat up that cash in no time.The company lists a new $20.0 million credit facility that will help fund future growth and oddly mentions the potential to use this cash for M&A activity despite having more pressing needs. Tilt is opening retail stores in Massachusetts and expanding cultivation facilities in Pennsylvania to highlight the highly diverse nature of a business already offering vaporized products, cannabis delivery in Los Angeles and a CRM system for the cannabis sector.The company forecasts that 2019 revenues will grow in roughly the same manner as Q1 or the equivalent of ~169%. Such a growth rate this year places revenues at ~$263 million in comparison to the pro forma revenues of $98 million reported last year.TakeawayThe key investor takeaway is that Tilt Holdings needs a more concise story to tell investors for the stock to rally. The company needs to better explain how a cannabis B2B provider needs retail locations and cultivation facilities.The company tries to sell the business as the industry’s leading end-to-end provider of products and services in support of the North American cannabis industry, but the stock market isn’t buying it. Tilt needs a permanent CEO and to spin out some businesses to improve the focus and the balance sheet. The market might just gravitate towards a B2B company in the cannabis sector without the cultivation and production facilities.For now, the stock is only interesting from the sidelines.To read more on the nitty gritty of what’s going on in the rising cannabis industry, click here. More recent articles from Smarter Analyst: * Is 33% Upside Good Enough to Risk Buying Fitbit (FIT) Stock? Deutsche Bank Doesn't Think So * Deutsche Bank Remains Sidelined on AMD Stock; Here's Why * Antitrust Investigation Is Not a Major Threat to Alphabet (GOOGL) Stock, Says Top Analyst * Tesla's (TSLA) Gigafactory Is Impressive, But Its Stock Isn't, Says RBC Capital

  • Business Wire

    TILT Announces Voluntary Founders’ Lock-up Agreement

    TILT Holdings Inc. (“TILT” or the “Company”) (TILT.CN) (SVVTF), a leading provider of products and services to businesses operating in the cannabis industry, today announced that certain Company founders and insiders, including Alex Coleman, Robert Leidy, Kevin McCluskey, Joel Milton, Geoff Hamm and Mark Scatterday, (together, the “Locked-up Shareholders”) have entered into an additional, extended lock-up period pursuant to the terms of a second lock-up agreement. The Locked-up Shareholders have entered into a voluntary agreement (the “Lock-up Agreement”) dated June 5, 2019 among themselves, the Company and an escrow agent in respect of 80,340,640 common shares in the capital of the Company (“Common Shares”) or securities convertible into Common Shares (the “Locked-up Securities”), representing 18.6% of the voting shares of the Company, assuming the conversion or exercise of all issued and outstanding compressed shares, options to purchase Common Shares and other securities convertible into or exchangeable for Common Shares.

  • Business Wire

    TILT Releases Letter from CEO Responding to Investor Concerns

    TILT Holdings Inc. (“TILT” or the “Company”) (TILT.CN) (SVVTF), a leading provider of products and services to businesses operating in the cannabis industry, today released a letter from the Company’s Interim Chief Executive Officer, Mark Scatterday. In stepping into TILT’s CEO role last month, I shared that one of my operational priorities was committing our organization to regular shareholder communication and updates. While I won’t make it a regular practice to comment on daily stock price movements, I have observed there remains a great deal of confusion out in the market around TILT.

  • Benzinga

    Canaccord: Tilt Holdings' Massachusetts Rollout Slower Than Expected

    Need more cannabis news? "While nothing from the release or Q&A was meaningfully different from our expectations, out of an abundance of caution, we are shifting some revenue (a couple million) from Q2 to the back half of the year, primarily in Massachusetts," Burleson said of the company's May 30 quarterly report.

  • Business Wire

    TILT Reports Record First Quarter 2019 Revenue

    Executed acquisitions and business integration to create one of the industry’s leading end-to-end provider of products and services in support of the rapidly growth North American

  • Business Wire

    TILT Announces First Quarter 2019 Earnings Date and Webcast

    TILT Holdings Inc. (“TILT” or the “Company”) (TILT.CN) (SVVTF), a leading provider of products and services to businesses operating in the cannabis industry, announced that it will release financial results for its first quarter 2019 ended March 31, 2019, after the stock market closes on Thursday, May 30, 2019. The Company will hold a webcast with the investment community at 8:30 a.m. Eastern Time on Friday, May 31, 2019. A live webcast with the ability to ask questions and view the Company’s presentation will be available on the Investors – Events & Presentations section of the Company's website at https://investors.tiltholdings.com/ir-calendar or directly at http://public.viavid.com/index.php?id=134773.

  • Business Wire

    TILT Releases Letter from Interim CEO

    TILT Holdings Inc. (“TILT” or the “Company”) (TILT.CN) (SVVTF), a leading provider of products and services to businesses operating in the cannabis industry, today released a letter from the Company’s recently announced Interim Chief Executive Officer, Mark Scatterday. I have accepted the position of interim CEO of TILT Holdings Inc. (“TILT” or the “Company”) to lead TILT in its next phase of growth. In my first 100 days, I intend to apply to TILT the operational playbook I used to build and scale Jupiter Research (“Jupiter”) into a cannabis industry leader over the past several years.

  • TheStreet.com

    Tilt Names Mark Scatterday as Interim CEO of Cannabis Company

    named Mark Scatterday as its interim CEO, effective immediately, following the resignation of Alex Coleman who will remain as chairman of the company's board. "The plan has always been to identify a CEO with strong operational experience to replace me as soon as it made sense for the company," said Coleman. "With the completion of our four-way merger, public listing on the CSE and several subsequent acquisitions, it is an ideal time to make this change.