While it could be a little hard for some to wrap their heads around Tilt Holdings Inc (OTCMKTS: SVVTF), it still could pay off well for marijuana investors.
The pot company completed a four-way reverse merger as well as began trading on the Canadian Securities Exchange last year. Tilt offers distribution of products with the final mile delivery of goods to various dispensaries through its Blackbird subsidiary, and CRM Software to the retailers to help with the purchase.
Tilt Holdings Share Price Analysis
Tilt has shown an archetypal ‘pullback play’ amid a correction that saw a shift from a record high of 3 USD a share this year to a current 1.62 USD per share. Notably, the upward trend has again started to gain some pace so far.
After bottoming, Tilt Holdings is set for a run to get back to over $3 a share which is the immediate resistance. A rally and then a close; that level will undoubtedly affirm a long-term uptrend which will set the pace for stock to edge higher.
TILT Holdings Inc. Overview
Tilt Holdings Inc. is a Canada-based company that delivers products as well as services across the marijuana industry. It provides them through knowledge-based technology systems for both consumers and businesses.
The company went public in early December via a reverse merger in Canada, which allowed it to be listed after making 119 million in the capital at about $4 per share.
The company released its Q4 2018 financial as well as operational highlights whereby it raised $125 million between a strategic private placement offering and a private placement offering with Weston Capital.
During 2018 it was listed on the Canadian Securities Exchange and closed the merger of 4 complementary businesses which evidently provided a foundation for Tilt Holdings.
Also, the pot stock reported revenue of $5.1 million, which was a massive step up compared to the prior year that was nil. Besides, there was a pro forma revenue of $32.8 million. Furthermore, adjusted EBITDA was $3.3 million with that of the prior year being $4.1 million.
Tilt Holdings Acquisition Drive
For any stock to skyrocket, acquisitions have to be behind the wheel, and Tilt Holdings has done its part with a robust of acquisition drive.
Since the year started, the firm has completed a plethora of acquisitions which would prove significant in strengthening its growth. Tilt kick-started the year with the acquisition of Jupiter Research, enabling it to gain access to the leading inhalation as well as vaporization Technology firm.
Having booked over 105 million USD orders in 2018, Jupiter Research also enables Tilt to broaden its product offerings as well as bolster the company.
Furthermore, after Jupiter Research, Tilt acquired Blackbird Holdings which is all set to strengthen its logistics operations as well as software solutions in the marijuana sector. Also, it will support the company’s offering expansion to cannabis business customers and owners.
To ensure that Tilt expands its infrastructure platform and add access to its 13 million customers, it acquired Standard Farms LLC. Standard Farms will also strengthen its product lines since its products circulate in almost 95% of the Pennsylvania dispensaries.
Moreover, the company secured a $20 million credit facility that will strengthen its financial profile – that is undoubtedly a massive step to a larger raise.
What’s Up for the MJ Stock?
One thing that stands out is that Tilt Holdings is among the largest US revenue producing cannabis firms. With the latest change in Tilt’s management, whereby they have named Mark Scatterday as an interim CEO, the company’s sturdy revenue growth is set to continue this year.
Therefore, it looks an ideal play for early movers who eye an opportunity in the marijuana sector given its continuation in expanding its footprint.
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Disclosure: We have no position in SVVTF and have not been compensated for this article.
Image courtesy of Pexels
County Line Energy (OTC: CYLC): This Hidden Gem Grows More Than Just Weed
County Line Energy Corp. (OTC: CYLC) could be the next pot stock to hit the JACK POT as the company aggressively carves out a household name for itself in the legal marijuana arena!
Many slang words have evolved over the years for marijuana, but it doesn’t matter what you call it.
What matters is that cannabis, Mary Jane, ganja, etc., has evolved into a colossal sector that is worth billions upon billions of dollars.
This is an industry that has created massive business opportunities and has provided health benefits to a slew of people who suffer from a range of disorders including depression, insomnia, pain, PTSD, and even serious diseases like cancer.
There is no doubt that legal marijuana is a boom to the economy, bringing salvation to states that are now able to generate massive revenue from taxes.
Colorado, one of the first states to legalize the drug, has money pouring in from its legal recreational marijuana sales. The state surpassed a whopping $1 billion in tax revenue this year since recreational use was legalized in 2014!
Support for legalizing the plant has also reached an all-time high in America according to the latest Gallup poll and every Democrat running for president in 2020 is now in favor of marijuana legislation on a federal level. Prohibition in America could be on its very last legs!
It has been estimated that 1/3rd of America’s marijuana is now grown inside according to motherjones.com. and this…
CBD-infused Coffee is taking the World by Storm and GenTech Holdings (OTC: GTEH) is Set to Capitalize on this Emerging New Trend…
There’s a new player in the high-end CBD food and drinks marketplace that is going widely undetected on Wall Street…
Trading at just pennies, GenTech Holdings (OTC: GTEH) may quickly become a leading household name in the fast-growing CBD arena!
Coffee… It’s more than just a drink it’s a way of life for many people and the latest craze is adding Cannabidiol (CBD) to it. CBD-infused coffee is popping up on menus across the globe.
Some may be surprised that it took this long for CBD-infused coffee to become relevant in the market considering the long list of health benefits that the marijuana component promises to offer.
CBD has become incredibly in demand due to its lack of intoxicating effects (NO THC!) and a possible lower potential for side effects next to many medicines out there.
All kinds of consumers, from athletes to even baby boomers, are recognizing CBD as a wellness product for ailments which include anxiety and chronic pain. CBD has also been used as a treatment for serious conditions such as cancer and epilepsy.
For the marijuana enthusiast who loves coffee, CBD-infused coffee is a brilliant and delicious invention.
Two Hands Corporation (OTC: TWOH) Has Discovered the Road to Massive Profits in Both the Legal CBD Arena and the App Industry!
Two Hands Corporation (OTC: TWOH) may soon be helping investors get one up on on the market as the stock emerges onto Wall Street’s radar…
There is no denying that some of the most successful companies trading on Wall Street are those that are involved in more than one thing.
Take for instance, Facebook and Amazon — two giants on Wall Street.
Amazon has been known for threatening many industries through competitive acquisitions and by creating new products and services. Facebook has branched out from only social media and now has ventures in artificial intelligence and even announced its own cryptocurrency recently!
Two Hands Corporation (OTC: TWOH) is following the cue of these blue-chip dynamos by establishing a presence in TWO massive markets!
Trading at only pennies, here is a company that has a legal CBD venture and two apps that may soon be downloaded by millions…
There may NEVER be a more opportunistic time to see what this company is doing!
Two Hands Corporation (OTC: TWOH) is an organic hemp-based CBD cultivator that strives to offer the highest quality CBD extract derivatives to be exported under Two Hands CBD Lab brand.
As an application development company, Two Hands Corporation (OTC: TWOH) has an app called “Two Hands,” launched in July of 2018, that is an ideal solution that will reduce the stress and worries of co-parenting. “
The company’s “Two Hands Gone” app allows…