TILT Holdings Inc. Announces Exclusive Contract to Manufacture and Distribute Airo Brands in Pennsylvania

TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, announced the expansion of its partnership with Airo Brands (“Airo”), a multi-state CPG company focused on proprietary inhalation products. Airo is one of Jupiter Research LLC’s (“Jupiter”) earliest customers, licensing exclusive Jupiter products since 2016 and collaborating on proprietary inhalation technologies. Through this broader partnership with TILT and its subsidiary Standard Farms PA, LLC (“Standard Farms”), Airo will look to enter the Pennsylvania market by early summer.

Airo is a leading cannabis inhalation brand, available in more than 1,250 dispensaries across the U.S. and Puerto Rico. According to Headset, Airo is the largest inhalation brand in Nevada and has been the monthly sales leader over the past year. Airo is also one of the top selling brands in several other markets, including Illinois, Colorado, Washington and Maryland. Jupiter will continue to provide its proprietary hardware for Airo’s AiroPro and AiroX devices, as well as AiroPod cartridges, while Standard Farms will produce and fill high-quality cannabis oil for Airo’s AiroPod cartridges to be sold at retailers across Pennsylvania, pending regulatory product approval.

“We are thrilled to bring a forward-thinking brand such as Airo to the Pennsylvania market,” said Gary Santo, president of TILT. “This partnership not only delivers on TILT’s brand strategy, but also demonstrates our ability to cross-sell existing customers of our plant touching and non-plant touching businesses by leveraging Jupiter’s long-term inhalation technology license agreement with Airo to bring differentiated cannabis products to retailers in the state. As we continue to transition from a holding company to an operating company, we plan to engage all aspects of our organization to provide a collaborative B2B experience for multi-state operators, licensed producers and cannabis retailers.”

“We are excited to announce our expanded partnership with TILT in Pennsylvania, which provides a great opportunity to broaden the synergies between Airo and TILT beyond our successful and ongoing relationship with the Jupiter team,” added Airo CEO, Richard Yost. “To ensure Airo’s high quality standards are met at scale, we select one exclusive partner in each market we enter. Standard Farms’ production capabilities and distribution reach, coupled with our close relationship with Jupiter, made the partnership an easy decision.”

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