The latest update is out from TILT Holdings Inc ( (TSE:TILT) ).
TILT Holdings Inc. is conducting a strategic review of its plant-touching assets, considering options like divestitures and partnerships to better align its business focus and capitalize on inhalation technology opportunities. The company’s Q3 2024 financial results revealed a decline in revenue and gross profit, impacted by shipping delays and customer transitions. Despite this, TILT aims to enhance its balance sheet and expand its Jupiter Research brand. Recent management changes are expected to support these strategic objectives, while the review process seeks to optimize their portfolio for high-growth markets.
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