Company Overview Summary

Company Name

TILT Holdings Inc.

Industry & Business Focus

TILT Holdings Inc. is a business solutions provider serving the global cannabis industry. It offers a diverse range of products and services across various segments of the cannabis value chain.

Core Business Divisions

• Inhalation Technology (Jupiter)
• Cannabis Cultivation, Manufacturing, Distribution, and Retail

Inhalation Technology Division (Jupiter)

• Leading in the cannabis vape and accessory product market.
• Supplies vape products and accessories to:
  • Brand partners
  • Cannabis retailers
• Operates in regulated markets across 40 states in the U.S. and internationally in Canada, South America, and the European Union.
• Key partnerships:
  • Partners with Smoore Technology Limited (a Shenzhen-based technology company)
  • Licensed reseller of CCELL® technology

Products & Services

• Customized hardware, accessories, technology, packaging solutions.
• Focus on product differentiation for cannabis brands.
• Maintains an in-house R&D lab for new product development.

Cannabis Division

• Provides turn-key retail, distribution, cultivation, and manufacturing solutions.
• Operates in Massachusetts, Pennsylvania, Ohio.
• Supports third-party cannabis clients with infrastructure and distribution networks in these markets.

Massachusetts (MassGrow)

• Fully owned subsidiary: Commonwealth Alternative Care, Inc. (CAC)
• Operates a vertically integrated facility in Taunton, MA:
  • Licensed for medical and adult-use operations
  • Over 60,000 sq ft cultivation
  • 8,000 sq ft production
  • 2,400 sq ft onsite retail dispensary
• Produces cannabis flower, vape cartridges, concentrates, topicals.
• Distributes to wholesale and retail customers, including registered patients and adult consumers.

Pennsylvania

• Fully owned subsidiary: Standard Farms LLC (Standard Farms PA)
• Operates a greenhouse with 33,500 sq ft dedicated to cultivation.
• Holds a medical grower/processor permit.
• Distributes products to about 90% of state dispensaries.
• Also operates a dispensary in Wyomissing, PA.

Ohio

• Fully owned: Standard Farms Ohio, LLC
• Operates a 24,000 sq ft extraction facility.
• Produces tinctures, vape cartridges, syringes, topicals, concentrates, edibles.
• Distributes products throughout Ohio.
• Recent legislative change allowing recreational sales since August 2024 following Ohio Issue 2.

New York (Discontinued operations)

• Previously partnered with Shinnecock Indian Nation for cannabis operations.
• Ended partnership in September 2023; assets sold for $1,400.

Corporate and Financial Highlights

• Incorporated under Nevada law on June 22, 2018; continued under British Columbia law.
• Headquartered in Phoenix, Arizona.
• Registered in Canada (stock listing on Cboe Canada: symbol TILT).
• Quoted on OTCQB (symbol TLLTF).
• As of February 28, 2025, there are 347,410,117 common shares outstanding.
• Has a well-known customer base across 40 states in the U.S., Canada, South America, and the EU.
• No specific revenue, net income, or customer count figures are provided in the given document.
• Employees: 313 total (full-time employees: 292).

Business Strategy & Initiatives

• Focus on providing innovative solutions to build brands in the cannabis industry.
• Exploring strategic alternatives like divestitures, partnerships, or sales to focus on Jupiter.
• Investing in product development, supply chain, and compliance.
• Maintaining a strong intellectual property portfolio with patents and trademarks related to vaporizer technology.

Key Risks

• Legal and regulatory risks, particularly federal vs. state laws relating to cannabis.
• Dependence on licenses and regulatory approvals.
• Competitive pressures and industry immaturity.
• Dependence on third-party suppliers.
• Financial risks due to substantial indebtedness.

Note: The document does not specify recent revenue or income figures, nor precise customer numbers beyond the geographic market reach. The employment figure of 313 employees is the only explicit personnel count given.