TILT Holdings Inc. (: TLLTF)

TILT Holdings Inc. is a business solutions provider to the global cannabis industry offering value added products and services to industry participants. The company operates through two business divisions Inhalation Technology and Cannabis serving regulated markets across forty states in the United States as well as Canada South America and the European Union.

Revenue is generated primarily from the sale of vape and accessory products and services to brand partners and cannabis retailers through the Inhalation Technology division. The Cannabis division generates revenue by providing turn key retail distribution cultivation and manufacturing services to third party cannabis clients in Massachusetts Pennsylvania and Ohio.

The company operates through the following segments: Inhalation Technology and Cannabis.

• Inhalation Technology encompasses Jupiter Research LLC which sells vape and accessory products and services to brand partners and cannabis retailers in regulated markets across forty US states Canada South America and the European Union.

• The division leverages in house technical and product design expertise along with supply chain capabilities to deliver customized hardware accessories technology and packaging solutions and partners with Smoore Technology to integrate CCELL technology into its product offerings while maintaining an in house research and development lab for innovation.

• The Cannabis division supports third party cannabis clients through turn key retail distribution cultivation and manufacturing offerings in Massachusetts Pennsylvania and Ohio.

• Through its wholly owned subsidiaries Commonwealth Alternative Care Inc in Massachusetts Standard Farms LLC in Pennsylvania and Standard Farms Ohio LLC in Ohio the division operates vertically integrated facilities that produce flower vape cartridges concentrates and topicals and distributes these products to licensed operators via wholesale channels.

In the Inhalation Technology space the company competes with distributors of CCELL hardware and CCELL s direct sales team as well as manufacturers of proprietary cannabis vaporization technologies and believes its focus on innovation supply chain expertise dedicated sales force and customer service gives it a competitive edge. In the Cannabis markets of Massachusetts Pennsylvania and Ohio the company faces competition from numerous cultivators manufacturers distributors and retailers but benefits from limited license states that create barriers to entry and relies on its in house expertise to secure product approvals scale production and manage promotion packaging placement and inventory availability.

The company serves brand partners cannabis retailers licensed cannabis operators wholesalers patients and adult use consumers across its geographic footprint.