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TILT Holdings Inc. reports developments tied to its cannabis business-solutions portfolio, including inhalation technologies, cultivation, manufacturing, processing, brand development and retail. Its core business, Jupiter Research LLC, designs, develops and distributes vaporization hardware for cannabis brands and retailers across the United States, Canada, South America and the European Union.
Recurring updates include financial results, shareholder meeting outcomes, Jupiter product and regulatory developments, asset sales involving retail operations, and corporate-status matters. Recent company news also covers CCAA proceedings, noteholder voting materials, trading suspensions and delisting-related notices affecting TILT's common shares.
TILT Holdings announced that its Commonwealth Alternative Care (CAC) won prestigious awards at the NECANN Canna Competition in Boston. CAC's Jilly Bean Live Resin secured first place for solvent concentrates, while its Vegan Peanut Butter Cups earned second place in the edibles category. This recognition highlights CAC's commitment to quality product creation. Notably, the Jilly Bean strain is known for its uplifting effects and unique flavor profile. This marks CAC's third win at NECANN since its inception in 2018.
TILT Holdings Inc. has appointed Lynn Ricci as the new VP of Investor Relations and Corporate Communications. With over 20 years of experience, Ricci aims to enhance TILT's leadership team as the company implements its strategy launched in 2021. Prior to TILT, she led investor relations at Trulieve Cannabis Corp. and has a strong background in the cannabis sector. CEO Gary Santo highlighted Ricci's expertise as a significant asset for TILT's vision of supporting cannabis brands across various markets.
TILT Holdings has signed an amendment to extend the closing date for its purchase option of the Taunton, Massachusetts facility. The new deadline is on or before May 31, 2022. The amendment also extends the due diligence period and the decision deadline regarding the acquisition of both Unit A and Unit B until May 15, 2022. TILT provides various cannabis business solutions, including cultivation and manufacturing, and operates across 36 states, Canada, and parts of Europe and South America.
TILT Holdings Inc. will host a conference call on March 30, 2022, at 4:30 p.m. ET to discuss its Q4 and full-year financial results for 2021. The results will be released ahead of the call. Interested participants can join by dialing the toll-free number or through a live webcast. TILT operates in cannabis solutions, including manufacturing and retail, servicing clients across 36 states and several countries. More details can be found in the investor relations section of their website.
TILT Holdings has announced a partnership with Timeless Refinery to bring the latter’s products to Ohio in Q2 2022. Timeless, a top-selling cannabis brand, specializes in high-quality vaporization products and has a strong market presence across multiple states. The partnership aims to leverage TILT's end-to-end cannabis services and enhance market expansion for Timeless. The Ohio cannabis market is forecasted to grow significantly, with projected sales reaching $1.6 billion by 2025, indicating a lucrative opportunity for both companies.
TILT Holdings (OTCQX: TLLTF) announces the launch of adult-use cannabis delivery from its Commonwealth Alternative Care dispensary in Taunton, starting March 2, 2022. This service, in partnership with local delivery operator Bracts & Pistils, will cover a 25-mile radius, including New Bedford and Plymouth. Customers can place orders online with a minimum of $125. The delivery operates Wednesday through Sunday, enhancing TILT's outreach in Massachusetts and supporting local social equity operators.
TILT Holdings has announced a multi-state licensing agreement with Toast™, a national cannabis brand, to launch premier SKUs in Massachusetts, Ohio, and Pennsylvania. Initial rollout will occur in Massachusetts through Commonwealth Alternative Care, with launches in Ohio and Pennsylvania pending regulatory approval. TILT will provide wholesale manufacturing, packaging, and distribution for existing Toast™ products and collaborate on new product development tailored for each market. This partnership aims to enhance access to high-quality cannabis for medical patients and adult consumers.
TILT Holdings has signed a Purchase Agreement to acquire its Taunton, Massachusetts facility for approximately $13 million. The facility, operational since August 2018, spans 100,000 square feet, including cultivation and retail spaces. The transaction is poised to close on March 31, 2022, enhancing TILT's operational capabilities in a flagship market. Should TILT opt to purchase only one unit, the price would drop to around $4.6 million. The move underscores the company’s strategic focus on expanding its CPG model in the evolving cannabis industry.
TILT Holdings announced that its subsidiary, Standard Farms PA LLC, is not involved in the recent mandatory recall by the Pennsylvania Department of Health (DOH) regarding vaporization products. The recall, issued on February 4, 2022, pertains to products containing specific added ingredients, none of which are associated with TILT’s offerings. CEO Gary Santo emphasized the company's commitment to product safety and compliance. TILT operates across multiple states and countries, providing various cannabis business solutions.
TILT Holdings has received approval from the Massachusetts Cannabis Control Commission to begin adult-use cannabis operations at its Taunton facility starting December 20, 2021. This marks Commonwealth Alternative Care, TILT's subsidiary, as the first dispensary to serve recreational cannabis customers in Taunton. The facility includes a 100,000 square-foot cultivation and processing area and offers a variety of products from their own brands and partners. TILT aims to enhance market visibility and penetration in Massachusetts with this significant milestone.