TILT Holdings Inc. (OTCMKTS: TLLTF) has announced an exclusive deal for producing, packaging, and distributing various Old Pal products.
TILT expand relationship with Old Pal
According to the agreement, TILT’s subsidiary Standard Farms LLC will onboard Old Pal into TILT’s full-service wholesale production, packaging, and distribution platform in Pennsylvania, expanding its alliance with Old Pal.
TILT CEO Gary Santo said, “We are incredibly proud to build on our existing relationship with Old Pal, and have the opportunity to introduce them to the Pennsylvania market. Old Pal’s commitment to expanding our partnership to additional markets reaffirms that our dedication to delivering high quality products and sound cannabis supply chain logistics are making a real impact. We are confident that this addition to our growing portfolio of quality brand partners will support our long-term growth goals.”
Old Pal CEO and co-founder Rusty Wilenkin commented, “TILT’s dedication to delivering a high quality, consistent cannabis experience matches our own team’s; and for us, is a critical component to a successful partnership. In addition, TILT’s established manufacturing, packaging and distribution platforms will allow us to successfully and cost-effectively scale the Old Pal brand into Pennsylvania, spreading our message of cannabis for all.”
TILT receives approval to list on NEO Exchange
TILT has received approval from NEO Exchange to list its common shares. The shares commenced trading on the NEW in Canadian Dollars under ticker TILT on August 17, 2021. Accordingly, the common shares will be voluntarily delisted from the CSE.
Santo said, “TILT made its public trading debut with the CSE in December 2018, and we are grateful for their partnership and support as well as the access and visibility they provided to our investors. As we look ahead, we believe the time is right to transfer our Canadian listing to the more senior NEO Exchange given the work we have completed to improve our corporate governance and financial reporting standard.”
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