PHOENIX, April 19, 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, today announced that it has filed a Registration Statement on Form 10 with the United States Securities and Exchange Commission (“SEC”) to register its common shares under Section 12(g) of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).
In 2021, TILT uplisted to the NEO Exchange which requires a higher class of reporting standards and corporate governance from its issuers, launched its new strategy within its plant-touching business to deliver a differentiated B2B strategy to help cannabis companies build brands, as well as drove innovative work and strong partnerships in Jupiter, its inhalation business.
Gary Santo, Chief Executive Officer of TILT
With 4/20 this week and the awareness that brings, I am excited to get things going with the filing of a Form 10 Registration Statement as another important step forward for TILT as we continue to grow, align with U.S. reporting standards, provide greater transparency for our shareholders, and prepare TILT for when federal legalization happens in this country.
The Form 10, unless withdrawn, is anticipated to become effective in accordance with the SEC’s regulations. Once effective, TILT will be subject to the reporting requirements of the Exchange Act, which includes reporting its financial results in accordance with U.S. GAAP and filing annual, quarterly, and current reports, as well as proxy statements with the SEC. The Form 10 is available on the SEC’s website at www.sec.gov and has also been filed on Canada’s System for Electronic Document Analysis and Retrieval (“SEDAR”).
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, 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.