Having products customized to client specifications and branding is one of the many things that build a client’s interest in something. TILT Holdings Inc. (OTCMKTS: TLLTF) has since discovered this concept, and most of its products are branded. The move has enabled them to connect with their customers more effectively and operate their businesses more efficiently.
The company has three business units; Cultivation & Production, Consumer Devices & Packaged Goods and Retail. Recently, it rolled out a multi-state licensing agreement with Toast, an Aspen, Colorado-born national cannabis brand. Through its Standard Farms subsidiaries with new SKUs created for each market, the first launch of Toast by TILT will happen in Pennsylvania and Ohio.
A shared Vision of Scaling Brands in the Multiple States
Through a portfolio of companies, TILT helps cannabis businesses build their brands. Its technology, hardware, cultivation and production services are available across 36 states in the U.S, Israel, Canada, Mexico and the European Union. Its core businesses include a vaporization segment focused on hardware design and cannabis operations through Jupiter Research LLC’s wholly-owned subsidiary.
On the other hand, Toast has set itself apart through high-quality and carefully crafted products. Some include SDA Organic Certified Tinctures, signature Slice pre-rolls ad vegan, raw chocolates. All these and others are formulated with cannabis sourced from the leading cultivators in the country.
Today, Toast is well–known for its innovative and growth strategies, high-touch brand and impressive craftsmanship. Hence it is a natural fit for addition in the market, according to Gary Santo, CEO of TILT Holdings. Punit Seth, CEO and Co-Founder of Toast, affirms, “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.”
The Purchase Option of Tilt’s State-of-the-art Taunton Facility
For a purchase price of approximately $13 million and through a definitive agreement, TILT has exercised its purchase option for ownership of the Taunton facility in Massachusetts. Santo says the move will give them greater flexibility in expanding their cultivation operations and implementing leading processing techniques.
The facility comprises a 100,000 square-foot building and another 3,000 square-foot medical and adult-use dispensary. Nonetheless, the purchase transaction is expected to close end of March 2022.
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