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TILT Holdings Signs Definitive Agreement to Divest Retail Locations in Massachusetts to In Good Health for $2 Million

Feb 03, 2025•over 1 year ago

Contract Type

agreement

PhoenixInformation Technologyinformation technology & services

Description

TILT Holdings Inc. has signed an Asset Purchase Agreement to divest two dispensaries in Massachusetts to In Good Health for $2 million. The transaction aligns with TILT’s strategy to explore strategic alternatives for its plant-touching business, streamline operations, and unlock value in its vape hardware business, Jupiter Research.

Company Information

Company

TILT

Location

2801 E Camelback Rd

Phoenix, Arizona, United States

About

TILT is dedicated to helping cannabis businesses build their brands. Through a diverse portfolio of companies providing technology, hardware, cultivation and production, TILT services brands and cannabis retailers across North America, South America, Israel and the European Union. TILT’s core business is Jupiter Research LLC, a wholly-owned subsidiary and leader in the vaporization segment focused on hardware design, research, development and manufacturing. Jupiter recently received EU medical device certification for Europe's first handheld liquid inhalation device. Additionally, TILT operates Commonwealth Alternative Care, Inc., Inc. in Massachusetts, and Standard Farms Ohio, LLC in Ohio and is the permit holder of record for Standard Farms LLC in Pennsylvania.

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