TILT Amends Purchase and Sale Agreement for its Taunton, Massachusetts Facility

PHOENIX, March 15, 2022 (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, has signed an amendment (the “Amendment”) to its previously announced definitive agreement to exercise its purchase option for ownership of its Taunton, Mass. facility (the “Purchase Agreement”). Pursuant to the terms of the Amendment, TILT paid to extend the closing of the transactions contemplated by the Purchase Agreement to a date that is on or before May 31, 2022. The mutually agreed-upon Amendment also extends the due diligence period and the deadline to determine whether TILT will acquire both Unit A and Unit B of the condominium comprising the Taunton facility until May 15, 2022. A copy of the Amendment will be available on the Company’s SEDAR profile at www.sedar.com.

More information is available in the Company’s original press release, issued February 9, 2022.

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 36 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, Standard Farms Ohio, LLC in Ohio, and its partnership with the Shinnecock Indian Nation in New York. TILT is headquartered in Phoenix, Arizona. For more information, visit www.tiltholdings.com.

Instagram: @tiltholdings
Twitter: @TILT_Holdings

Original press release

Published by NCV Newswire
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