Tilt Holdings Fourth Quarter and Fiscal Year-End 2020 Webcast

Apr 15, 2021 8:00 am EDT

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Latest Financial Results

Q3 2020

Quarter Ended Sep 30, 2020

Revenue of $40.4M

Revenue of $40.4 million, driven in part by a 24% sequential increase in the cannabis segment compared to the second quarter of 2020

Gross Margin of 30.3%

Gross margin of 30.3%, a 193-basis point improvement from the second quarter of 2020, driven by margin expansion in the cannabis segment

Adjusted EBITDA $2.8M

Record adjusted EBITDA** of $2.8 million, an increase of 134% from the second quarter of 2020

For complete information regarding our financials, see our periodic filings

About TILT Holdings Inc.

TILT helps cannabis businesses build brands. Through a portfolio of companies providing technology, hardware, cultivation and production, TILT services brands and cannabis retailers across 35 states in the U.S., as well as Canada, Israel, Mexico, South America and the European Union. TILT’s core businesses include Jupiter Research LLC, a wholly owned subsidiary and leader in the vaporization segment focused on hardware design, research, development and manufacturing; and cannabis operations, Commonwealth Alternative Care, Inc. in Massachusetts and Standard Farms LLC in Pennsylvania and Standard Farms Ohio, LLC in Ohio. TILT is headquartered in Phoenix, Arizona. For more information, visit www.tiltholdings.com.

TILT Holdings Inc.

TILT Holdings Inc. at a Glance

As of as of Jan 20, 2021 • Source: Corporate Presentation
700+

Customers

135+

Dispensaries with our branded products

15

Sales in 15 countries and 35 states

Our Brands

IR Contacts

Company

TILT Holdings Inc.
2801 E Camelback Road
Suite 180
Phoenix, AZ 85016

Investor Relations

Taylor Allison
investors@tiltholdings.com

Transfer Agent

Odyssey Trust Company
835 - 409 Granville Street
Vancouver, BC V6C 1T2
T: 1-888-290-1175
odysseycontact.com