Tilt Holdings said it has closed its sale of two cannabis dispensaries in Massachusetts more than six months after originally announcing the deal and at a slight discount.
In February, the company said it had reached an agreement with In Good Health, a private single-state cannabis operator, to transfer over its Taunton dispensary to the company and shut down its Brockton dispensary in a deal priced at $2 million. But upon closing, that price was amended to $1.75 million.
Tilt CEO Tim Conder said his company is continuing to look at strategic alternatives for its Ohio and Massachusetts assets
"The closing of any transaction will mark our full exit from plant-touching operations — an important inflection point that will simplify operations, improve capital efficiency, and unlock the full value of the Jupiter platform," he said in a statement.
“At Jupiter, our innovation pipeline remains strong. The recent EU MDR certification of our QMID handheld vaporizer — the first of its kind — positions us for expansion across global medical markets in collaboration with Curaleaf International as our distribution partner. In parallel, we are broadening our product portfolio with new SKUs from supplemental manufacturing partners to better meet customer needs.”
