Tilt Hldgs Inc Stock Price, News & Analysis

TILT Holdings is advancing its cannabis initiatives with the construction of a new 5,000 square-foot dispensary, Little Beach Harvest, on Shinnecock Tribal Territory in Southampton, NY. Groundbreaking occurred on July 11, 2022, with anticipated completion by early 2023. The dispensary is part of a joint venture with the Shinnecock Nation, aimed at generating economic growth and providing access to cannabis products. The facility will also include a cultivation site and potentially a wellness lounge. The project reflects a commitment to social equity and environmental stewardship within the local community.

TILT Holdings has announced a partnership with the Last Prisoner Project, a non-profit focused on clemency and expungement for individuals with cannabis convictions. This collaboration aims to implement initiatives across TILT’s subsidiaries throughout the year. CEO Gary Santo emphasized the company's commitment to addressing injustices from past cannabis laws. The Last Prisoner Project advocates for restoring justice for those affected by cannabis prohibition, highlighting the ongoing issue of incarceration in the cannabis sector.

TILT Holdings has announced a second amendment to its agreement to sell the White Haven, Pennsylvania facility to Innovative Industrial Properties. The extension allows both parties to conclude the transaction by September 30, 2022, due to delays in receiving necessary third-party diligence items such as title and environmental reports. TILT has operated the 40,000 square-foot facility since January 2019 for cultivation and processing purposes. The firm emphasizes that this extension should provide adequate time to finalize the necessary documentation for the sale.

TILT (OTCQX: TLLTF) has launched its Timeless Vape brand in Ohio, available from select dispensaries since June 13, 2022. The partnership involves TILT's subsidiaries, Jupiter Research and Standard Farms, focusing on a range of vaporization products targeted at medical patients. The initial product offerings include three vape types: Energy, Chill, and Rest, designed for diverse consumer needs. TILT's CEO, Gary Santo, expressed pride in the rapid market activation, emphasizing the company's commitment to delivering premium cannabis products through established partnerships.

TILT Holdings Inc. has announced that its subsidiary, Commonwealth Alternative Care (CAC), has received approval for a Final License from the Massachusetts Cannabis Control Commission for its new Cambridge dispensary. This 5,100 square-foot facility will offer a variety of cannabis products and serve medical patients, enhancing access to high-quality brands. The dispensary is set to open this summer, with operational hours planned. TILT aims to expand its product portfolio across Massachusetts while contributing to medical cannabis patient needs.

TILT Holdings Inc. held its annual general and special meeting of shareholders on June 9, 2022, where all proposed resolutions were approved. The shareholders elected directors to serve until the next annual meeting, appointed Macias Gini & O’Connell LLP as auditors for the upcoming year, and authorized the Board to determine the auditors' remuneration. Additionally, amendments to the 2018 Equity Incentive Plan were approved, reflecting the Company’s commitment to corporate governance and stakeholder engagement.

TILT Holdings has announced a new partnership with Highsman, founded by former NFL star Ricky Williams, to introduce a line of cannabis products tailored for athletes. The launch will occur in Massachusetts and Pennsylvania in early September. Highsman aims to cater to sports enthusiasts with three product collections: Pregame (sativas), Halftime (hybrids), and Postgame (indicas). This collaboration marks TILT's strategic move into the sports cannabis market, enhancing its brand presence and expanding product offerings.

TILT Holdings has expanded its home delivery service for medical and adult-use cannabis in Massachusetts, effective June 1, 2022. This service now covers areas including South Boston, Cambridge, and Quincy, in addition to existing locations in south and southeast Massachusetts. Customers can place orders online with a minimum purchase of $125 for recreational users and $100 for medical patients, ensuring same-day delivery for orders placed by 2:00 p.m. The service is facilitated by Bracts & Pistils, a certified social equity cannabis delivery operator.

TILT Holdings Inc. (OTCQX: TLLTF), a global provider of cannabis business solutions, has announced its participation in several upcoming conferences. These include the Jefferies 2022 Cannabis Summit on June 2, where leadership will engage in one-on-one meetings, and the CannabisLab event on June 3, featuring CEO Gary Santo in a session titled, 'Meet the CEOS: What Does It Mean to be an MMTC CEO?'. Additionally, the company will hold virtual meetings at the Lytham Partners Summer 2022 Investor Conference on June 21-22. For more details, visit TILT's investor website.