TILT HLDGS INC - TLLTF STOCK NEWS

TILT Holdings has announced the approval of its common shares for listing on the NEO Exchange, starting August 17, 2021, under the symbol TILT. This decision transitions from the Canadian Securities Exchange (CSE) to NEO, which is expected to enhance corporate governance and access to capital. CEO Gary Santo highlighted the benefits of a more robust institutional shareholder base and improved trading conditions. The company continues to trade on the OTCQX under TLLTF. TILT operates in the cannabis industry, offering a wide range of services across multiple regions.

TILT Holdings announced the approval of four provisional licenses by the Massachusetts Cannabis Control Commission for its subsidiary, Commonwealth Alternative Care (CAC). These licenses enable CAC to cultivate and manufacture adult-use cannabis in Taunton and sell adult-use cannabis in Brockton, alongside a final medical cannabis sales license. The Taunton facility, with over 100,000 square feet dedicated to cultivation and retail, has been operational for nearly three years. TILT aims to expand its market presence and meet growing consumer demands in Massachusetts.

TILT Holdings has announced a multi-state licensing agreement with cannabis product innovator 1906, enhancing its portfolio of cannabis offerings. The company plans to launch 1906 Drops in Pennsylvania and Ohio, alongside its gourmet chocolates in Massachusetts. These products are designed to provide various effects, including energy, relaxation, and cognitive focus. The agreement is positioned to leverage TILT's manufacturing capabilities and expand 1906’s market presence. This strategic partnership marks a significant step in TILT's growth trajectory and its commitment to creating shareholder value.

On August 2, 2021, Alternative Finance Network announced a $10 million revolving credit facility for Jupiter Research, a subsidiary of TILT Holdings (OTCQX: TLLTF). This facility offers low rates at prime plus 3.5%, secured by Jupiter's accounts receivable and inventory. The funds will be utilized for capital projects and corporate purposes. This agreement highlights TILT's role in improving financing rates for the cannabis sector, aligning them more closely with traditional industries. The credit line has a two-year term with potential extensions.

TILT Holdings, a global cannabis solutions provider, will report its second-quarter financial results for the period ending June 30, 2021, after market close on August 24, 2021. The management team will host a webcast at 5:00 p.m. ET to discuss key operational and financial highlights, followed by a Q&A session. Interested individuals can register for the webcast on TILT's Investor Relations website, and a replay will be available for 30 days post-event. TILT operates across 36 states and several countries, supporting brands and retailers in the cannabis sector.

TILT Holdings Inc. has announced that its subsidiary, Jupiter Research, has secured a new two-year, $10 million asset-based revolving credit facility with Entrepreneur Growth Capital. The loan, secured by Jupiter's inventory and accounts receivable, will bear interest at Prime plus 3.5%. CEO Gary Santo highlighted that this credit facility is a significant step towards a more normalized capital structure and reflects the company’s improved profitability. The funding will support growth initiatives as the new cultivation capacity is operational and brand partnerships expand across Massachusetts, Pennsylvania, and Ohio.

TILT Holdings has appointed Dana Arvidson as Chief Operating Officer effective July 22, 2021. Mr. Arvidson, with over 20 years of experience, will collaborate with the senior management team to enhance operational and financial growth. His responsibilities include providing leadership on strategic objectives and establishing KPIs for operational efficiency. Previously, Arvidson held key positions at PhyNet Dermatology and The First Marblehead Corporation. CEO Gary Santo expressed confidence in Arvidson's ability to drive shareholder value through effective execution of long-term strategies.

TILT Holdings has reached an agreement with the Massachusetts Cannabis Control Commission (CCC) to resolve longstanding concerns, facilitating the provisional licensure for retail cannabis sales in Massachusetts. Following a thorough investigation that delayed its licenses, TILT agreed to pay $275,000 to the CCC Marijuana Regulation Fund. The agreement enables TILT to open two new dispensaries in Cambridge and Brockton. CEO Gary Santo emphasized the company's commitment to compliance and improving operational integrity.

TILT Holdings has entered an exclusive agreement to manufacture, package, and distribute products for Old Pal, a leading cannabis lifestyle brand, in Massachusetts. This partnership will leverage TILT’s subsidiaries, Commonwealth Alternative Care and Jupiter Research, to launch Old Pal’s Ready to Roll pouches and 510 Oil Cartridges, along with a new THC-infused brownie. TILT aims to enhance its portfolio with well-known brands, supporting long-term profitability in growing markets.