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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. secures funding for its Pennsylvania subsidiary, Standard Farms, to develop and operate three medical marijuana dispensaries in the Commonwealth of Pennsylvania under a new permit. The funding, up to $10.5 million, is provided by an experienced retailer and operator. The Note will bear interest at 20% initially, increasing to 30% and then 40% as milestones are achieved. The loan is secured by Standard Farms' retail assets and equity interests held by Baker Technologies, Inc.
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