TILT Holdings Inc. (“TILT or the “Company”) (CSE: TILT) (OTCQX: TLLTF), a provider of business solutions to the global cannabis industry that includes inhalation technologies, cultivation, manufacturing, processing, brand development and retail, issued the following statement from TILT’s President Gary Santo regarding the Company’s subsidiary, Commonwealth Alternative Care’s (“CAC”) recent approval by the City Council of Brockton, Massachusetts for adult-use cannabis sales in Brockton.
Statement by TILT’s President Gary Santo
We thank the Brockton City Council for being a fair partner throughout this application process. Local regulation of cannabis operations is still new and evolving for all participants, and we believe that the council has attempted to balance the concerns of all stakeholders in its deliberations.
The approval of adult-use sales by the Brockton City Council will enable our CAC location to create more livable wage jobs, a steady stream of tax revenue for the people of Brockton and Massachusetts and broaden access for patients and consumers, who embrace cannabis as a life-changing way to manage their health and wellness.
We remain fully committed to serving the people of Brockton and being a trusted partner, resource and advocate by providing access to our networks, tools and resources that help legitimize and scale social equity businesses for years to come.
While the approval by the Brockton City Council completes all of CAC’s required local licenses, our state-level approvals remain pending before the Cannabis Control Commission, and we will continue to work diligently and in good faith to meet all of the CCC’s state requirements. As we continue to scale our operations in the Bay State, we also look forward to bringing more differentiated products to our retail network and driving growth for our Company and shareholders.
