TILT HLDGS INC

PHOENIX, June 12, 2024 (GLOBE NEWSWIRE) -- TILT Holdings Inc. (“TILT” or the “Company”) (NEO: TILT) (OTCQB: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, today announces the results of the 2024 annual general meeting of shareholders of TILT (the “Shareholders”) held virtually on Tuesday, June 11, 2024 (the “Meeting”).

Related tickers: TLLTF.

Vape Hardware Business Impacted TILT Holdings' (OTC: TLLTF) first-quarter 2024 results reveal disruptions in the vape hardware segment, which accounts for 71% of the company's sales in 2023. Pablo Zuanic from Zuanic & Associates notes, "Disruptions on the supply side of the vape hardware business have led to temporarily losing sales opportunities." Despite these challenges, the custom business remains robust. The company sees growth opportunities in hemp-derived vapes, remaining the largest CCELL distributor in the U.S. Zuanic highlights "Jupiter’s status as the largest CCELL distributor in the U.S. and CCELL’s status as the leading technology in vape hardware should bode well for ...Full story available on Benzinga.com

Related tickers: TLLTF.