Tilt Holdings Announces Preliminary Fourth Quarter Pro Forma Revenue and Announces Fourth Quarter and Fiscal 2018 Earnings Release Date
CAMBRIDGE, Mass.–(BUSINESS WIRE)– TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTC: SVVTF) today announced preliminary and unaudited pro forma fourth quarter 2018 gross revenue of US$31 million1, with 15% gross margins. The Company will release audited financial results for its fourth quarter and full year 2018 ended December 31, 2018 after market close on Tuesday, April 30, 2019.
Fourth quarter pro forma revenue was driven by continued growth of all companies within TILT, including recent acquisitions. TILT’s broad source of revenue now includes the sale of cannabis products, vaporizer devices, business and consumer delivery and software and services. The businesses that now comprise TILT were segment leading while independent, and are now benefiting from integration, allowing them to sell