TILT HLDGS INC - TLLTF STOCK NEWS

TILT Holdings has expanded its partnership with Airo Brands to include production and distribution in Massachusetts, in addition to Pennsylvania. This follows a successful collaboration since 2016, enhancing TILT's portfolio in the cannabis inhalation market. Airo, a leading brand with products in over 1,250 dispensaries across the U.S. and Puerto Rico, will have its popular products distributed by TILT's Commonwealth Alternative Care. Executives from both companies expressed optimism about this partnership's impact on market share and brand visibility.

TILT Holdings, a cannabis solutions provider, will host a conference call on November 15, 2021, at 5:00 p.m. ET to discuss its Q3 financial results for the period ending September 30, 2021. The results will be released in a press release prior to the call. Interested parties can join by dialing in or through a webcast available on the company's investor relations website. TILT operates across multiple states and internationally, providing a range of services, including technology and brand development for cannabis businesses.

TILT Holdings Inc. has completed the sale of its wholly-owned subsidiary, Sante Veritas Therapeutics, to Meridian 125W Cultivation Ltd. for approximately C$900,000, with part of the proceeds aimed at settling outstanding liabilities. This divestment aligns with TILT's strategy to focus on core operations and high-growth markets in the U.S. CEO Gary Santo emphasized that the sale marks the conclusion of non-core asset sales, allowing the company to concentrate on future growth.

TILT Holdings (OTCQX: TLLTF) and Greenlane Holdings (NASDAQ: GNLN) are supporting Smoore Technology in its complaint against patent infringements by various vape products. The complaint, filed with the U.S. International Trade Commission, aims to block the import of these infringing products. Smoore Technology, a leader in vaporization technology, emphasizes the importance of protecting its CCELL brand's quality and integrity. This action reflects a commitment to consumer safety and aims to eliminate lower-quality and potentially harmful products from the market.

TILT Holdings Inc. has announced the opening of its Commonwealth Alternative Care dispensary in Brockton, Massachusetts, with doors opening on October 1, 2021. The Massachusetts Cannabis Control Commission has approved the dispensary for medical marijuana sales, and it is slated for a grand opening celebration on October 16, 2021. Operating hours will be from 10 a.m. to 6 p.m., seven days a week. TILT anticipates the approval for adult-use sales will follow shortly after final inspections.

On September 7, 2021, TILT Holdings, a leader in cannabis business solutions, announced its participation in three significant conferences in September 2021. These include the Beacon Cannabis Conference on September 9, where institutional investors can engage in meetings; the Echelon Cannabis Conference on September 22, featuring a presentation by CEO Gary Santo; and the Business of Cannabis Conference on September 29 in New York, where Santo will speak alongside over 300 industry leaders. For further details on scheduling meetings, attendees are encouraged to contact their conference representatives.

TILT Holdings reported a record Q2 revenue of $48.5 million, a 33% year-over-year increase, alongside an adjusted EBITDA of $6.5 million, up 2.7x from Q2 2020. The growth was driven by both cannabis and inhalation accessory sales, with cannabis revenue rising 31% to $10 million and accessory revenue increasing 34% to $38.5 million. TILT reiterated its 2021 guidance of revenue between $205-$210 million and adjusted EBITDA between $30-$32 million. The company also announced a partnership with the Shinnecock Indian Nation to enter New York's cannabis market, enhancing growth opportunities.

TILT Holdings has partnered with the Shinnecock Nation to develop vertical cannabis operations on Long Island, New York. This joint venture aims to create a fully vertical cannabis business, including cultivation and dispensary facilities under Little Beach Harvest. TILT will provide up to $18 million for capital expenditures and will receive a portion of the gross revenue. This partnership is seen as a significant move towards promoting social equity for Indigenous communities while generating economic opportunities.