TILT Enters into Multi-State Agreement to Manufacture and Distribute Cannabis Brand Toast™
February 17th, 2022
News, Top News
PHOENIX, February 17, 2022 (Globe Newswire) — Tilt Holdings Inc. (“Tilt” or “Company”) (NEO: dance) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technology, cultivation, manufacturing, processing, brand development and retail, today announced a multi-state licensing agreement. Toast™An Aspen, Colorado-born national cannabis brand.
The 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 Farm subsidiaries with new SKUs built for each market. TILT will provide full-service wholesale manufacturing, packaging and distribution for many existing Toast™ SKUs, as well as provide collaborative R&D services to create new products and increase access to high-end cannabis for medical patients and adult-use consumers. Will do
Since its launch in 2017, Toast™ has differentiated itself through high quality, meticulously crafted products sourced from hemp sourced from leading cultivators in the country. From its USDA Organic Certified tinctures to its vegan, raw chocolate and signature slice pre-rolls, Toast™ products provide patients and consumers with quality experiences that span the full spectrum of the plant. In the coming months, Toast™ will introduce a new set of SKUs with TILT that are currently being specially curated for each market.
“Toast is renowned for its impressive craftsmanship and will be a welcome addition to our markets,” said 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-consumers a broad range of quality options.”
Puneet Seth, CEO and Co-Founder, Toast™, said, “We are committed to increasing access to our quality, life-enhancing products for medical patients and creating moments of celebration for adult-use consumers across the country.” “From the beginning, TILT and Toast have had a shared vision about the best models for scaling brands across multiple states, while staying true to our values and commitment to creating a more equitable industry overall. These three growing markets TILT will be instrumental in bringing toast products to the U.S. at scale, and we are excited to collaborate with their team as they explore additional markets such as New York through their significant partnership with the Shinnecock Indian Nation.
TILT. About this
TILT helps cannabis businesses build brands. Through a portfolio of companies that provide technology, hardware, cultivation and production, TILT services brands and cannabis retailers in 36 states in the US 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 a leader in the vaporization segment focused on hardware design, research, development and manufacturing; and Cannabis Operations, Commonwealth Alternative Care, Inc. in Massachusetts. Its partnerships with Standard Farms LLC in Pennsylvania, Standard Farms Ohio, LLC in Ohio, and the Shinnecock Indian Nation in New York. TILT is headquartered in Phoenix, Arizona. For more information visit www.tiltholdings.com.
Founded by Bridgewater Associates alumnus Puneet Seth and former Global CMO of Anheuser Bush InBev Chris Berggrave, Toast was born in Aspen, Colorado and became a national cannabis brand. Toasts are meant to celebrate life in the full spectrum – from special moments in life like birthdays and anniversaries to quiet moments in between, there’s always a toast for that. Toast focuses on creating an inclusive and equitable environment within the cannabis industry and selects business partners who share its ethos.
Forbes calls Toast the “Moet Hennessy of Cannabis”. Toast Cannabis products range from specially formulated, micro-dose products designed for the canna-curious, to specially formulated, small-batch products for the discerning cannabis. Toast Flagship Slice Pre-Rolls are crafted to reflect the impact of your favorite beverage. For example, the Toast Original slice is a 2:1 CBD:THC blended pre-roll that reflects the cocktail’s influence, and the Toast Reserve 1:1 CBD:THC blend is similar to Scotch Nite. All Toast products create a unique mind-body experience ideally crafted to celebrate life’s moments. Leam more http://cannabis.wetoast.com, Toast Full Spectrum Hemp products deliver the full power of a cultivated plant with the highest quality standards and are available nationwide http://www.wetoast.com, Follow us on Instagram @WeToast.
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 for the future, and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information may include, without limitation, expected initial product rollout through CAC, anticipated receipt of regulatory approval for the launch of Toast in Pennsylvania and Ohio, anticipated scope of services, TILT will provide with respect to Toast products , expected time of launch of new toast SKU, management opinion or beliefs, prospects, opportunities, priorities, goals, targets, ongoing objectives, milestones, strategy and outlook of TILT, and, among other things, future growth Contains statements regarding the operations, expansion and strategy of TILT. In general, forward-looking information can be identified using forward-looking terminology such as “planned”, “expected” or “not expected”, “expected”, “budgeted”, “scheduled”, “estimate”, “forecast”. Is. “intends”, “presumes” or “does not assume”, or “believe”, or variations of such words and phrases or that indicate that certain actions, events or consequences “might”, “might” , “will be”, “may be” or “will be taken”, “will be” or “will be received”. These statements should not be read as a guarantee of future performance or results. These statements are based on certain material factors, assumptions and analyzes that were applied in drawing or forecasting or projection, including TILT’s experience and assumptions of historical trends, its ability to expand its operations, and its expectation of future growth. , as well as other factors that are considered appropriate in the circumstances.
While such statements are based on management’s reasonable assumptions at the date such statements are made, there can be no assurance that it will be fulfilled on the conditions described above and that such forward-looking information is the basis for actual results and Will prove to be accurate in future. Events may differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Unless required by applicable law, TILT undertakes no responsibility to update or revise forward-looking information to reflect new events or circumstances.
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 TILT’s control, and could cause actual results to differ materially from those discussed in forward-looking statements. are.
For additional information regarding forward-looking statements and their associated risks, please refer to the “Risk factors and uncertainties” section in the Company’s annual information form for the year ended December 31, 2020, available on the Company’s SEDAR profile. Feather www.sedar.com,
Investor Relations Contact:
Shawn Mansoori, CFA
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Alison Brod Marketing + Communications
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