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.
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