PHOENIX – TILT Holdings Inc. (“TILT or the” Company “) (NEO: TILT) (OTCQX: TLLTF), a global provider of commercial cannabis solutions that include inhalation technologies, cultivation, manufacturing, processing, drug development brand and retail, announced that the Massachusetts Cannabis Control Board (“CCC”) approved the subsidiary of TILT, Commonwealth Alternative Care, Inc. (“CAC”), to begin its retail activities at its next Brockton dispensary, efficient September 21, 2021, for the medical use of marijuana.
CAC Brockton dispensary is located 1090 West, Chestnut Street, and the opening hours will be 10 a.m. to 6 p.m., from Monday to Sunday. CAC Brockton has also been granted an Interim Retail Establishment License and anticipates that adult operations will be fully approved and officially begin following the final inspection by the CCC.
The CAC Brockton will open its doors to patients on October 1st as part of a “soft opening” to allow visits by local officials as well as hands-on budget training and operational readiness. At saturday 16 october, CAC Brockton will celebrate its grand opening with a weekend of festivities that includes a groundbreaking ceremony and experiential cannabis brand activations.
“We are delighted to finally open our second dispensary in the state,” said Gary Santo, CEO of TILT. “It has been a long journey for our Massachusetts team, and with final inspections for adult use underway at both of us Brockton and Taunton locations, we look forward to adding adult retail to both before the end of the year.
TILT helps cannabis companies build brands. Through a portfolio of companies providing technology, equipment, cultivation and production, TILT provides services to cannabis brands and retailers in 36 states of the we, as good as Canada, Israel, Mexico, South America and the European Union. The main activities of TILT include Jupiter Research LLC, a wholly owned subsidiary and leader in the vaporization segment focused on the design, research, development and manufacture of computer hardware; 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 at Phoenix, Arizona. For more information, visit www.tiltholdings.com.
This press 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 for the future, and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information may include, without limitation, the expected timing of the approval of adult use transactions at CAC Brockton and Taunton, the planned timeline for the smooth opening and official opening of CAC, direction, outlook, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook for TILT, and includes statements on, among other things, future developments, operations, expansions and strategy of TILT. In general, forward-looking information can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is planned”, “budget”, “planned”, ‘Estimates’,’ forecasts’, ‘considers’,’ anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of these words and expressions or state that certain actions, events or results’ might’, ‘ could ‘,’ would ‘,’ could ‘or’ will be taken ‘,’ occur ‘or’ be reached ‘. These statements should not be interpreted as guarantees of future performance or results. These statements are based on certain important factors, assumptions and analyzes that have been applied in drawing a conclusion or making a forecast or projection, including TILT’s experience and perceptions of historical trends, TILT’s ability to expand its operations and expected future developments, as well as other factors considered reasonable under the circumstances.
While these statements are based on management’s reasonable assumptions at the date such statements are made, there can be no assurance that they will be made under the conditions described above and that such forward-looking information will prove to be accurate, as the results actual and future events could differ materially from those anticipated in this forward-looking information. Therefore, readers should not place undue reliance on forward-looking information. TILT assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances, except as required by applicable law.
By their nature, forward-looking information is subject to risks and uncertainties, and there are a variety of important factors, many of which are beyond TILT’s control, and which may cause actual results to differ materially from those discussed in forward-looking information. staring statements.
For more information regarding forward-looking statements and their associated risks, please refer to the “Risk Factors and Uncertainties” section of the Company’s Annual Information Form for the year ended. December 31, 2020, which is available on the Company’s SEDAR profile at www.sedar.com.