What is going on with TLLTF?
Tilt Holdings Inc. (TLLTF) stock is higher today after the company announced that the Massachusetts Cannabis Control Commission has granted TILT’s subsidiary, Commonwealth Alternative Care, Inc., a total of four provisional licenses for the cultivation, manufacturing and sale of adult-use cannabis at its Taunton location and the sale of adult-use cannabis at its Brockton location. The Commission also granted Commonwealth a final license for the sale of medical cannabis in Brockton.
Tilt Holdings is a global provider of business solutions to the cannabis industry that includes inhalation technologies, cultivation, manufacturing, processing, brand development and retail. Shares of TLLTF increased 1.97% to $0.505 as of Friday at 11:21am.
What does this mean for Tilt Holdings Inc?
Tilt’s reception of its adult-use and medical dispensary licenses ends a long, three year wait for the company. While waiting for approval, Tilt’s Taunton facility had been supplying cannabis retailers and medical marijuana patients in Massachusetts with premium cannabis. The company also expanded its cultivation capacity, all the while waiting for the necessary licenses.
“This has been a long journey for TILT and its shareholders.” said Gary Santo, CEO of TILT Holdings. “The approval of