TILT Holdings Announces Board Changes
TILT Holdings Inc. (NEO: TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions, has announced changes to its Board of Directors. Adam Draizin has stepped down from the Board effective October 1, while Marshall P. Horowitz has been appointed effective October 2. Horowitz, who previously served as TILT's first General Counsel, brings decades of global legal and transactional experience to the position, representing noteholders of TILT Holdings.
CEO Tim Conder expressed gratitude for Draizin's contributions and welcomed Horowitz's return, stating that his breadth of knowledge will complement the Board as they navigate the company's challenges. Horowitz has nearly 30 years of experience in corporate legal and transactional work at national and international law firms, having practiced in New York, Los Angeles, Hong Kong, and Singapore.
TILT Holdings Inc. (NEO: TILT) (OTCQX: TLLTF), fornitore globale di soluzioni per il business della cannabis, ha annunciato modifiche al suo Consiglio di Amministrazione. Adam Draizin si è dimesso dal Consiglio a partire dal 1 ottobre, mentre Marshall P. Horowitz è stato nominato a partire dal 2 ottobre. Horowitz, che in precedenza ha ricoperto il ruolo di primo Consigliere Legale di TILT, porta con sé decenni di esperienza legale e nelle transazioni a livello globale, rappresentando i possessori di note di TILT Holdings.
Il CEO Tim Conder ha espresso gratitudine per i contributi di Draizin e ha accolto con favore il ritorno di Horowitz, affermando che la sua ampiezza di conoscenze completerà il Consiglio mentre affrontano le sfide dell'azienda. Horowitz vanta quasi 30 anni di esperienza in ambito legale aziendale e nelle transazioni presso studi legali nazionali e internazionali, avendo esercitato a New York, Los Angeles, Hong Kong e Singapore.
TILT Holdings Inc. (NEO: TILT) (OTCQX: TLLTF), proveedor global de soluciones comerciales de cannabis, ha anunciado cambios en su Junta Directiva. Adam Draizin ha renunciado a la Junta con efecto a partir del 1 de octubre, mientras que Marshall P. Horowitz ha sido nombrado con efecto a partir del 2 de octubre. Horowitz, quien anteriormente sirvió como el primer Asesor Jurídico de TILT, aporta décadas de experiencia legal y transaccional global a la posición, representando a los tenedores de notas de TILT Holdings.
El CEO Tim Conder expresó su agradecimiento por las contribuciones de Draizin y dio la bienvenida al regreso de Horowitz, afirmando que su amplio conocimiento complementará a la Junta mientras navegan por los desafíos de la empresa. Horowitz tiene casi 30 años de experiencia en trabajo legal corporativo y transaccional en firmas legales nacionales e internacionales, habiendo ejercido en Nueva York, Los Ángeles, Hong Kong y Singapur.
TILT Holdings Inc. (NEO: TILT) (OTCQX: TLLTF)는 전 세계적인 대마초 비즈니스 솔루션 제공업체로서 이사회의 변화를 발표했습니다. 아담 드레이진이 사임했습니다, 10월 1일부터 효력이 발생하며 마샬 P. 호로위츠가 임명되었습니다, 10월 2일부터 효력이 발생합니다. 호로위츠는 TILT의 첫 번째 법률 고문으로 근무한 경험이 있으며, TILT Holdings의 채권자를 대표하는 글로벌 법률 및 거래 분야의 수십 년의 경험을 가지고 있습니다.
CEO 팀 콘더는 드레이진의 기여에 감사를 표하고 호로위츠의 복귀를 환영하며, 그의 폭넓은 지식이 회사의 도전을 극복하는 데 도움이 될 것이라고 언급했습니다. 호로위츠는 뉴욕, 로스앤젤레스, 홍콩, 싱가포르에서 활동한 경험을 포함하여 국내외 법률 회사에서 거의 30년의 기업 법률 및 거래 업무 경험을 보유하고 있습니다.
TILT Holdings Inc. (NEO: TILT) (OTCQX: TLLTF), un fournisseur mondial de solutions commerciales pour le cannabis, a annoncé des changements au sein de son Conseil d'Administration. Adam Draizin a démissionné de son poste au Conseil, effectif le 1er octobre, tandis que Marshall P. Horowitz a été nommé, avec effet au 2 octobre. Horowitz, qui a précédemment occupé le poste de premier Conseiller Juridique de TILT, apporte des décennies d'expérience légale et transactionnelle mondiale à ce poste, représentant les créanciers de TILT Holdings.
Le PDG Tim Conder a exprimé sa gratitude pour les contributions de Draizin et a souhaité la bienvenue au retour de Horowitz, en affirmant que son large savoir-faire complétera le Conseil alors qu'ils relèvent les défis de l'entreprise. Horowitz a près de 30 ans d'expérience en droit des affaires et en transactions dans des cabinets d'avocats nationaux et internationaux, ayant pratiqué à New York, Los Angeles, Hong Kong et Singapour.
TILT Holdings Inc. (NEO: TILT) (OTCQX: TLLTF), ein globaler Anbieter von Cannabisgeschäftslösungen, hat Änderungen in seinem Board of Directors angekündigt. Adam Draizin ist zurückgetreten und wird ab dem 1. Oktober nicht mehr im Board sein, während Marshall P. Horowitz ernannt wurde und am 2. Oktober seine Position antritt. Horowitz, der zuvor als erster General Counsel von TILT tätig war, bringt Jahrzehnte an globaler rechtlicher und transaktionaler Erfahrung mit, da er die Gläubiger von TILT Holdings vertritt.
CEO Tim Conder drückte Dankbarkeit für die Beiträge von Draizin aus und begrüßte Horowitz' Rückkehr, wobei er erklärte, dass dessen umfassendes Wissen das Board unterstützen wird, während sie die Herausforderungen des Unternehmens meistern. Horowitz hat nahezu 30 Jahre Erfahrung in der Unternehmensrechtspraxis und bei Transaktionen in nationalen und internationalen Kanzleien, nachdem er in New York, Los Angeles, Hongkong und Singapur praktiziert hat.
- Appointment of Marshall P. Horowitz to the Board of Directors, bringing extensive legal and transactional experience
- Horowitz's previous experience as TILT's first General Counsel provides valuable company-specific knowledge
- Board member Adam Draizin stepping down, potentially indicating internal changes or challenges
Adam Draizin Steps Down;
TILT Veteran Marshall P. Horowitz Joins Board
PHOENIX, Oct. 03, 2024 (GLOBE NEWSWIRE) -- TILT Holdings Inc. (“TILT” or the “Company”) (NEO: TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, today announced that Adam Draizin has stepped down from the Company’s Board of Directors (the “Board”) effective October 1 and Marshall P. Horowitz was appointed to the Board effective October 2.
Mr. Horowitz previously served as the first General Counsel for TILT Holdings. Mr. Horowitz brings decades of global legal and transactional experience to this board position, representing noteholders of TILT Holdings.
“We’d like to thank Adam for his time and contributions while serving on the Board,” said Chief Executive Officer Tim Conder. “We are pleased that Marshall has agreed to return to TILT as a board member designated by the noteholders’ designee. We believe his breadth of knowledge will complement the Board as we continue to navigate the challenges facing the Company.”
For nearly 30 years, Mr. Horowitz has focused his practice on corporate legal and transactional work at national and international law firms and he has a depth of knowledge about TILT Holdings from his previous position as General Counsel. His practice has focused on serving as primary outside legal counsel to a broad array of companies and entrepreneurs across many industries. Over the years, Mr. Horowitz has practiced in New York, Los Angeles, Hong Kong, and Singapore.
About TILT
TILT helps cannabis businesses build brands. Through a portfolio of companies providing technology, hardware, cultivation and production, TILT services brands and cannabis retailers across 40 states in the U.S., as well as Canada, Israel, South America and the European Union. TILT’s core businesses include Jupiter Research LLC, a wholly-owned subsidiary and leader in the vaporization segment focused on hardware design, research, development and manufacturing; and cannabis operations, Commonwealth Alternative Care, Inc. in Massachusetts, Standard Farms LLC in Pennsylvania, and Standard Farms Ohio, LLC in Ohio. TILT is headquartered in Phoenix, Arizona. For more information, visit www.tiltholdings.com.
Forward Looking Statements
This news release contains forward-looking information and statements (together, “forward-looking information”) under applicable Canadian and U.S. securities laws which are based on current expectations. Forward-looking information is provided for the purpose of presenting information about TILT management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information may include TILT’s business strategy and growth opportunities, the opinions or beliefs of management, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies, and outlook of TILT, and includes statements about, among other things, future developments, the future operations, strengths and strategy of TILT. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “will”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. These statements should not be read as guarantees of future performance or results. These statements are based upon certain material factors, assumptions and analyses that were applied in drawing a conclusion or making a forecast or projection, including TILT’s experience and perceptions of historical trends, the ability of TILT to maximize shareholder value, current conditions and expected future developments, as well as other factors that are believed to be reasonable in the circumstances.
Although such statements are based on management’s reasonable assumptions at the date such statements are made, there can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on the forward-looking information. TILT assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.
By its nature, forward-looking information is subject to risks and uncertainties, and there are a variety of risk factors, many of which are beyond the control of TILT, and that may cause actual outcomes to differ materially from those discussed in the forward-looking information. Such risk factors include, but are not limited to, those risks described under the heading “Item 1A Risk Factors” in the Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and “Item 1A Risk Factors” in the Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 and other subsequent reports filed by TILT with the United States Securities and Exchange Commission at www.sec.gov and on SEDAR at www.sedar.com.
Company Contact:
Lynn Ricci, VP of Investor Relations & Corporate Communications
TILT Holdings Inc.
lricci@tiltholdings.com
Investor Relations Contact:
Sean Mansouri, CFA
Elevate IR
TILT@elevate-ir.com
720.330.2829
Media Contact:
Leland Radovanovic
Trailblaze
TILT@trailblaze.com
FAQ
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