TILT Enters into Multi-State Agreement to Manufacture and Distribute Cannabis Brand Toast™
TILT to launch premier Toast™ SKUs in Massachusetts, Ohio, Pennsylvania
PHOENIX, Feb. 17, 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 a multi-state licensing agreement with Toast™, an Aspen, Colorado born national cannabis brand.
Initial product rollout will begin in Massachusetts through TILT subsidiary Commonwealth Alternative Care, Inc. (“CAC”). Pending regulatory approval, TILT will launch Toast™ in Pennsylvania and Ohio through its Standard Farms subsidiaries with new SKUs created for each market. TILT will provide full-service wholesale manufacturing, packaging and distribution for several existing Toast™ SKUs, as well as collaborative R&D services to create new products and increase the accessibility of high-end cannabis to medical patients and adult-use consumers.
Since launching in 2017, Toast™ has set itself apart through high-quality, carefully crafted products formulated with cannabis sourced from the leading cultivators in the country. From its USDA Organic Certified Tinctures to its vegan, raw chocolates and signature Slice pre-rolls, Toast™ products offer patients and consumers quality experiences that span the full spectrum of the plant. In the coming months, Toast™ will debut a new set of SKUs with TILT that are currently under development specially curated for each market.
Toast is well-known for its impressive craftsmanship and will be a welcome addition in our markets.
Gary Santo, CEO of TILT Holdings
Toast is an innovative, high-touch brand, making it a natural fit for TILT’s brand growth strategy as we strive to provide medical patients and adult-use consumers with a wider range of quality options.
“We are committed to expanding access to our quality, life-enhancing products to medical patients and creating celebratory moments for adult-use consumers around the country,” said Punit Seth, CEO and Co-Founder of Toast™. “From the beginning, TILT and Toast have had a shared vision about the best model to scale brands in multiple states while staying true to our values and commitment to building a more equitable industry overall. TILT will be crucial in bringing Toast products to scale in these three growing markets, and we are excited to collaborate with their team as they explore additional markets such as New York through their ground-breaking partnership with the Shinnecock Indian Nation.”
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.
Founded by ex-Bridgewater Associates alumnus Punit Seth and Former Global CMO of Anheuser Busch InBev Chris Burggraeve, Toast was born in Aspen, Colorado and grew to become a national cannabis brand. To Toast is to celebrate life in full spectrum — from life’s special moments like birthdays and anniversaries to the quieter moments in between, there’s always a Toast for that. Toast is focused on creating an inclusive and equitable environment within the cannabis industry and selects business partners who share its ethos.
Forbes calls Toast the “Moët Hennessy of Cannabis.” Toast cannabis products range from uniquely formulated, micro-dosed products designed for the canna-curious to expertly crafted, small batch products for the discerning cannaseur. Toast flagship Slice pre-rolls are formulated to mirror the effect of your favorite drink. For example, Toast Original Slices are a 2:1 CBD:THC blended pre-roll that mirrors the effect of a cocktail, and Toast Reserve is a 1:1 CBD:THC blend akin to a scotch neat. All Toast products create a unique mind-body experience ideally tuned for celebrating life’s moments. Learn more at http://cannabis.wetoast.com. Toast Full Spectrum Hemp products deliver the full power of the plant cultivated with the highest quality standards and are available nationwide at http://www.wetoast.com. Follow us on Instagram @WeToast.