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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
TILT
TILT (TILT) investor relations material
TILT has been delisted
TILT Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary13 Aug, 2025
Executive summary
Transitioned to an asset-light model, focusing on Jupiter vaporization hardware and exiting plant-touching operations in Massachusetts and Ohio.
Achieved regulatory approval for dispensary sale in Massachusetts and signed a management agreement for Pennsylvania operations.
Launched new Jupiter SKUs and received EU MDR certification for the QMID handheld vaporizer, enabling global medical market expansion.
Financial highlights
Revenue from continuing operations was $10.5M, down from $19.0M year-over-year, reflecting the shift to a commission-based model and macroeconomic pressures.
Gross profit was $1.8M with a gross margin of 17.4%, compared to $3.6M and 18.9% in the prior year.
Net loss from continuing operations improved to $9.2M from $16.6M year-over-year, mainly due to lower tax and operating expenses.
Adjusted EBITDA was $(2.0)M, down from $(1.2)M in Q2 2024, due to lower gross profit.
Cash flow from continuing operations was $4.4M, compared to $2.1M used in the prior year period.
Outlook and guidance
Strategic alternatives for Ohio and Massachusetts assets are ongoing, with full exit expected to simplify operations and improve capital efficiency.
Focus remains on expanding Jupiter's global vaporization hardware platform and leveraging new product certifications.
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Latest events from TILT
- Q3 revenue dropped 39% as focus shifted to inhalation tech and balance sheet improvement.TILT
Q3 2024 - Q2 revenue dropped 36% as Jupiter hardware declined, but Ohio adult-use launch offers growth.TILTQ2 2024
- Revenue and net loss fell as asset-light, Jupiter-first strategy and divestitures advanced.TILTQ1 2025
- Revenue and net loss declined as divestitures and Jupiter focus drive margin gains amid high debt.TILTQ4 2024
TILT
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Frequently asked questions
TILT Holdings Inc provides business solutions for cannabis companies, including inhalation technologies, cultivation, manufacturing, and distribution services. It operates through subsidiaries across the United States and Canada. The company is headquartered in Phoenix, Arizona, and its shares are listed on the NEO Exchange.