Conference Call Highlights: TILT Holdings Q1 Earnings – Strong Performance in Massachusetts and Pennsylvania Sparks Growth Potential

Tampa, Florida – TILT Holdings Inc. (OTCQB:TLLTF) held its Q1 2024 Earnings Conference Call on May 15, 2024, at 5:00 PM ET. The company’s VP of IR & Corporate Communications, Lynn Ricci, alongside CEO Tim Conder and Interim CFO Brad Hoch, led the call. Various conference call participants included Aaron Grey from Alliance Global Partners and Pablo Zuanic from Zuanic & Associates. The call was recorded for future replay and made available in the Investors section of the company’s website for 30 days.

During the call, Lynn Ricci emphasized the company’s forward-looking statements, cautioning listeners about potential differences from actual results. Tim Conder, the CEO, highlighted the company’s focus on operational improvement and growth in a challenging cannabis industry landscape. He discussed measures taken to optimize operations, address debt issues, and prepare for future growth.

The discussion also delved into specific market strategies in Massachusetts, Ohio, and Pennsylvania, including brand partnerships, product portfolio optimization, and relevant operational updates. Brad Hoch, the Interim CFO, provided a detailed overview of the company’s financial highlights for Q1, emphasizing revenue, gross margin, operating expenses, net loss, adjusted EBITDA, and cash flow from operations.

Questions from conference call participants addressed various topics, including the performance of Jupiter’s vape hardware business, market share dynamics for Old Pal in Massachusetts and Level in Pennsylvania, the credit agreement with Smoore, and upcoming store openings in Ohio and Pennsylvania. Tim Conder expressed optimism for the company’s future growth and profitability, despite challenges faced in Q1, and thanked the team for their dedication and passion.

Overall, the conference call provided valuable insights into TILT Holdings’ ongoing efforts to navigate industry challenges, optimize operations, and position the company for success in the evolving cannabis landscape. Investors and stakeholders will be looking forward to future updates on the company’s progress and growth.