TILT Holdings Commences Trading on Canadian Securities Exchange Under Ticker Symbol “TILT”
TORONTO--(BUSINESS WIRE)--Today, TILT Holdings Inc. ("TILT" or the “Company”) (CSE:TILT), a vertically-integrated infrastructure and technology cannabis company, officially began trading on the Canadian Securities Exchange. TILT is one of the cannabis industry's most comprehensive platforms and is organized around its two primary business lines; technology and infrastructure. In recent news, the Company announced major updates to increase capabilities and offerings through new acquisitions and expansions. These included the acquisitions of a leading cannabis distribution company Blackbird Holdings Corp. (“Blackbird”) and Pennsylvania cannabis grower Standard Farms LLC (“Standard Farms”); and a major facility expansion in Massachusetts.
“Our value proposition in the cannabis market is completely unique and that has led to a lot of enthusiasm in the broader market”
While domestic and international cannabis laws are expanding at a dramatic rate, there are numerous challenges facing the industry, ranging from optimal product functionality to compliance with complicated state-centric regulatory frameworks and basic operations. TILT delivers a broad range of value-added products, including market enabling software and services, consumer packaged goods and capital and operating knowledge, all designed to facilitate the connection of over 1,000 dispensary customers with more than 2 million unique consumers. The Company helps dispensary owners better serve their patients and customers by providing them the tools to communicate, operate, and scale with a greater degree of efficiency. TILT also provides comprehensive operations and software solutions at each touchpoint in the supply chain, from vertically-integrated operations to cutting-edge genetics and business technology solutions.
“Our value proposition in the cannabis market is completely unique and that has led to a lot of enthusiasm in the broader market,” said Alexander Coleman, co-Chairman and CEO of TILT. “Many industry participants right now are singularly focused on acquiring, opening and operating retail stores. This has an inherent limitation as it can only reach a finite number of consumers. The cannabis market is already evolving to reflect other, more traditional industries, so it is really about reaching the consumer based on their purchasing preferences, whether at a store, at home or on-premise. With our technology foundation and B2B focus, providing software, services and a broad range of highly engineered consumer products, we enable store operators to meet consumer preferences regardless of how they evolve.”
The listing follows a successful business combination of four top cannabis companies in the U.S. and Canada: Baker Technologies, Inc., Briteside Holdings, LLC, Sea Hunter Therapeutics, LLC and Santé Veritas Holdings Inc. With the completion of the business combination announcement and the recent capital raise closing of $119M USD, TILT represents the formation of one of the cannabis industry's most comprehensive platforms providing technology-driven solutions throughout the entire cannabis ecosystem.
“Our listing on the CSE will give TILT greater access to capital so we can continue to accelerate our growth and deliver the highest quality products and services to cannabis businesses where laws permit,“ said Coleman. “It will also provide the opportunity for global investors to invest in a different cannabis business model that looks at the cannabis industry more holistically and is not exclusively about retail or infrastructure.”
TILT Holdings Inc. is a vertically-integrated technology and infrastructure platform delivering one of the most comprehensive range of products and services across the cannabis industry. TILT strives to deliver the highest quality products and services through knowledge-based technology systems for both businesses and consumers. TILT technologies has a presence in more than 1,000 dispensaries across the U.S., Canada, Puerto Rico and Jamaica. For more information, please visit www.tiltholdings.com
Concurrent with the public listing, the Company will launch its new investor relations website at investors.tiltholdings.com.
A listing statement describing TILT Holdings Inc. and prepared in accordance with the policies of the CSE available on SEDAR at www.sedar.com.
The CSE has neither approved nor disapproved the contents of this news release.