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TILT Holdings Inc (TLLTF) is a leader in the cannabis industry, providing a range of services to brands and retailers across multiple states and countries. With a focus on technology, hardware, cultivation, and production, TILT helps businesses build their brands and expand their reach. The company's core businesses include Jupiter Research LLC, Commonwealth Alternative Care, Inc., Standard Farms LLC, and Standard Farms Ohio, LLC. TILT is committed to innovation, growth, and creating value for its partners and customers.
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.
TILT Holdings announces participation in two investor conferences in December 2021. The Cowen’s 4th Annual Cannabis Conference will take place virtually from November 29 to December 1, with TILT's management available for one-on-one meetings on December 1. The Benzinga’s Global Small Cap Conference is scheduled for December 8-9, where CEO Gary Santo will present on December 9 at 10:50 AM ET and join a panel at 12:35 PM ET. TILT provides cannabis business solutions across multiple regions, aiming to enhance brand presence in the cannabis market.
TILT Holdings has received final adult-use licenses for its Taunton facility from the Massachusetts Cannabis Control Commission. This approval allows retail and wholesale sales of adult-use cannabis to begin upon final inspection. The Taunton location features a 100,000 sq. ft. cultivation and processing facility and a dispensary that serves over 8,000 patients in the Boston area. CEO Gary Santo emphasized that this marks a pivotal moment for TILT, promising growth and enhanced market visibility.
TILT Holdings announces approval from the Massachusetts Cannabis Control Commission for its subsidiary, Commonwealth Alternative Care, to begin adult-use retail operations at the Brockton dispensary starting November 22, 2021. The Brockton location, which previously serviced medical patients, will celebrate its grand opening on December 4, 2021. This event will feature vendor pop-ups and local food trucks. TILT aims to expand cannabis access in Massachusetts, highlighting the growing demand in the greater Boston area.
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