TILT Holdings Announces the Departure of its Chief Revenue Officer
TILT Holdings (Cboe CA: TILT) (OTCQB: TLLTF), a global provider of cannabis business solutions, announced a significant leadership change on October 18, 2024. Chris Kelly, who had been serving as the company's Chief Revenue Officer (CRO) since December 2022, has departed from his position, effective immediately.
Tim Conder, CEO of TILT Holdings, stated that the company is continuing to transform and refocus, leading to this change in leadership. Conder expressed gratitude for Kelly's contributions to TILT, as well as his leadership and mentorship to his team, and wished him well in his future endeavors.
TILT Holdings (Cboe CA: TILT) (OTCQB: TLLTF), un fornitore globale di soluzioni per il business della cannabis, ha annunciato un significativo cambiamento nella leadership il 18 ottobre 2024. Chris Kelly, che aveva ricoperto il ruolo di Chief Revenue Officer (CRO) dall dicembre 2022, ha lasciato la sua posizione con effetto immediato.
Tim Conder, CEO di TILT Holdings, ha dichiarato che l'azienda sta continuando a trasformarsi e a rifocalizzarsi, il che ha portato a questo cambiamento nella leadership. Conder ha espresso gratitudine per il contributo di Kelly a TILT, così come per la sua leadership e mentorship nei confronti del suo team, augurandogli il meglio per le sue future imprese.
TILT Holdings (Cboe CA: TILT) (OTCQB: TLLTF), un proveedor global de soluciones para negocios de cannabis, anunció un cambio significativo en el liderazgo el 18 de octubre de 2024. Chris Kelly, quien había estado desempeñando el cargo de Chief Revenue Officer (CRO) desde diciembre de 2022, ha dejado su puesto, con efecto inmediato.
Tim Conder, CEO de TILT Holdings, declaró que la compañía sigue transformándose y reenfocándose, lo que ha llevado a este cambio en el liderazgo. Conder expresó su gratitud por las contribuciones de Kelly a TILT, así como por su liderazgo y mentoría a su equipo, y le deseó éxito en sus futuros esfuerzos.
TILT Holdings (Cboe CA: TILT) (OTCQB: TLLTF), 전 세계적으로 대마 비즈니스 솔루션을 제공하는 회사가 2024년 10월 18일에 중요한 리더십 변경을 발표했습니다. Chris Kelly는 2022년 12월부터 Chief Revenue Officer (CRO)로 재직해 왔으나 즉시 직위를 떠났습니다.
Tim Conder, TILT Holdings의 CEO는 회사가 계속해서 변화하고 재조정되고 있음을 밝히며, 이로 인해 리더십의 변화가 이루어졌다고 전했습니다. Conder는 Kelly가 TILT에 기여한 것과 그의 리더십 및 팀에 대한 멘토링에 감사하며, 그의 미래의 모든 일에 행운을 빌었습니다.
TILT Holdings (Cboe CA: TILT) (OTCQB: TLLTF), un fournisseur mondial de solutions commerciales pour le cannabis, a annoncé un changement significatif au niveau de la direction le 18 octobre 2024. Chris Kelly, qui occupait le poste de Chief Revenue Officer (CRO) depuis décembre 2022, a quitté son poste avec effet immédiat.
Tim Conder, PDG de TILT Holdings, a déclaré que l'entreprise continue de se transformer et de se recentrer, ce qui a entraîné ce changement de direction. Conder a exprimé sa gratitude pour les contributions de Kelly à TILT, ainsi que pour son leadership et son encadrement au sein de son équipe, et lui a souhaité bonne chance dans ses futures démarches.
TILT Holdings (Cboe CA: TILT) (OTCQB: TLLTF), ein globaler Anbieter von Cannabis-Geschäftslösungen, gab am 18. Oktober 2024 einen bedeutenden Führungswechsel bekannt. Chris Kelly, der seit Dezember 2022 als Chief Revenue Officer (CRO) tätig war, hat seine Position mit sofortiger Wirkung verlassen.
Tim Conder, CEO von TILT Holdings, erklärte, dass das Unternehmen sich weiterhin transformiert und neu fokussiert, was zu diesem Führungswechsel geführt hat. Conder dankte Kelly für seine Beiträge zu TILT sowie für seine Führung und Mentorenschaft gegenüber seinem Team und wünschte ihm alles Gute für seine zukünftigen Vorhaben.
- None.
- Departure of Chief Revenue Officer Chris Kelly
- Potential disruption in revenue strategy due to leadership change
PHOENIX, Oct. 18, 2024 (GLOBE NEWSWIRE) -- TILT Holdings Inc. (“TILT” or the “Company”) (Cboe CA: TILT) (OTCQB: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, today announced a leadership change. Chris Kelly, who has served as Chief Revenue Officer (“CRO”) since December 2022, has departed the Company, effective today.
“The Company continues to transform and refocus, and with these changes, comes the announcement today of Chris Kelly’s departure as chief revenue officer,” stated Tim Conder, chief executive officer of TILT Holdings. “We thank Chris for his contributions to TILT as well as his leadership and mentorship to his team, and wish him well in his future endeavors.”
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, Mexico, 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 Information
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, without limitation, expectations relating to the impact of the leadership change on TILT’s operations, TILT’s beliefs about working through the leadership transition, TILT’s expectations on reductions in corporate overhead and headcount and re-alignment of its business, 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, TILT’s ability to find a permanent successor executive, the impact of the announcement of the leadership change on TILT’s stock, performance, operations, results of operations, employees, suppliers and customers, TILT’s ability to successfully work through the leadership transition, TILT’s ability to execute on its business optimization strategy, capital preservation and cash generation, and reductions in corporate overhead and headcount and re-alignment of its business and 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, 2023 and “Item 1A Risk Factors” in the Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 and other subsequent reports filed by TILT with the United States Securities and Exchange Commission at www.sec.gov and on SEDAR+ at www.sedarplus.ca.
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
FAQ
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