CAMBRIDGE, Mass.–(BUSINESS WIRE)–TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQB: TILTF),
a leading provider of products and services to businesses operating in
the cannabis industry, announced today that TILT’s common shares have
been approved to begin trading on the OTCQB Venture Market, effective
immediately.
OTCQB is considered by the U.S. Securities and Exchange Commission
(“SEC”) as an “established public market” for the purpose of determining
the public market price when registering securities for resale with the
SEC. Ability to trade on OTCQB generally leads to improved market
liquidity and broader public awareness.
“We expect that trading on the OTCQB will increase TILT’s access for
U.S. institutional and retail investors, allowing them to participate in
the significant growth opportunity we are seeing across North America
and select international markets,” said Alex Coleman, Chief Executive
Officer of TILT. “We anticipate increased awareness and understanding of
our distinctive business model and growth strategy as a result of our
listing on this market.”
About TILT
TILT is a leading provider of products and services to businesses
operating in the cannabis industry. The Company offers the contract
manufacturing of marijuana in a variety of form factors, vaporizer and
inhalation devices, business and consumer delivery services and a broad
suite of software products for over 1,500 retailers and brands
throughout the US, Canada and Europe. The majority of TILT’s products
are customized to client specifications and branding, all enabling them
to operate their businesses more efficiently and connect with their
customers more effectively. The Company is organized in two main
business units, Software & Services and Consumer Devices & Packaged
Goods, designed to augment competencies across the organization in
research, manufacturing, packaging and technology to deliver end-to-end
services and customer solutions. All of TILT’s products are supported by
an extensive research process led by scientists and engineers, using
data analytics and discovery to produce new products helping shape the
industry. Headquartered in Cambridge, MA, with offices throughout the
US, Toronto and London, TILT has over 500 employees and has sales in 40
U.S. states and Canada and Europe. For more information, please visit www.tiltholdings.com.
Forward-Looking Information
This news release contains forward-looking information based on
current expectations. Forward-looking information is provided for the
purpose of presenting information about 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, statements
regarding improved liquidity and public awareness of TILT and common
shares in the capital of TILT, 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”,
“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, 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 they it be completed on the terms described above and
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 material 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
statements.
The CSE has neither approved nor disapproved the contents of this
news release.
