![]() ![]() Santo continued, “Operationally, last year we signed six new brand partnerships, launched over 100 new brand partner SKUs, and won multiple awards for outstanding products, including our recent edibles wins at NECANN last week for a newly launched chocolate we produce for our partner CODA and for our own house brand millionaire shortbread. We did maintain positive adjusted EBITDA and produced positive cash flow from operations for the year, and we are committed to upholding both these trends in 2023.” Our financial results were not immune to these patterns. “Our sector faced headwinds from the overall economic environment and, to a greater extent, the sector itself adapting to cannabis as a commodity more rapidly than expected. “2022 was a pivotal year for TILT and the cannabis industry at large,” said Chief Executive Officer Gary Santo. generally accepted accounting principles (“U.S. dollars and prepared in accordance with U.S. All financial information is reported in U.S. (“TILT" or the “Company”) (NEO:TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, is reporting its financial and operating results for the three and twelve months ended December 31, 2022. PHOENIX, Ma(GLOBE NEWSWIRE) - TILT Holdings Inc. Recently completed refinancing of legacy debt, reducing principal debt outstanding by nearly half. FY 2022 cash from operations up significantly to $8.6 million, compared to cash used of $8.6 million in FY 2021. Hipparchus made his discovery around 130 BCE, based on comparisons of astronomical observations more than a century apart.- Q4 revenue up 9% quarter over quarter to $44.3 million. Greek astronomer Hipparchus of Nicea is historically credited as the man who first proposed that Earths axis gradually shifts, though very slowly. It outlines the shape of a pair of cones or two spinning tops connected at the tips, which would be at the center of Earth. A complete wobble of Earth's axis takes around 26,000 years. Acts Like Two Spinning TopsĪxial precession can be described as a slow gyration of Earth's axis about another line intersecting it. It is caused by the gravitational force from the Sun, the Moon, and other planets. This wobble motion is called axial precession, also known as precession of the equinoxes. The reason for this changing obliquity angle is that Earth's axis also wobbles around itself. The Arctic and Antarctic circles today are 1,2 m (4 ft) closer to the poles, and the Tropic of Cancer and Tropic of Capricorn are equally closer to the equator than 30 days ago.Įarth: The living planet The Tilt ChangesĮarth's axial tilt actually oscillates between 22.1 and 24.5 degrees. at noon, Earth's axial tilt, or mean obliquity was 23,43626° or 23☂6'10.5".Įarth's mean obliquity today is about 0,00001°, or 0.04", less than 30 days ago. ![]() We say 'at the moment' because the obliquity changes over time, although very, very slowly. This slant is the axial tilt, also called obliquity.Įarth's obliquity angle is measured from the imaginary line that runs perpendicular to another imaginary line Earth's ecliptic plane or orbital plane (see illustration).Īt the moment, Earth's obliquity is about 23.4 degrees and decreasing. ![]() The impact around 4.5 billion years ago is described in the Giant Impact Hypothesis, which is the current prevailing theory on how the Moon was formed and how Earth got its tilt.Įver since this impact, Earth has been orbiting the Sun at a slant. In our illustrations, Earth's axis is drawn as a straight red line. In astronomy, an axis refers to the imaginary line that an object, usually a planet, rotates around.Įarth's rotational axis is an imaginary straight line that runs through the North and South Pole. Business Date to Date (exclude holidays).
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