TILT Holdings Announces up to US $35M Shareholder Backed Financing
“TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQB: TLLTF), a foundational technology cannabis platform comprised of assets to support brands worldwide, today announced that it has closed a private placement (the “Financing”) of up to US$35 million of senior secured notes (the “Notes”) from a syndicate consisting of existing shareholders and new investors (the “Financing Syndicate”). The first close was $25.6M. Any further closing of up to $9.4M would take place within 45 days, subject to approvals from both the Company and the Financing Syndicate. Mark Scatterday, the Company’s Interim CEO, and other insiders participated in the Financing.”
Read full press release: https://investors.tiltholdings.com/press-releases/detail/70/tilt-holdings-announces-up-to-us-35m-shareholder-backed
Taunton Gazette: Mozzone Boulevard facility first in Taunton to get retail marijuana license
“The sale of recreational, retail marijuana in the city is one step closer to becoming something real.
“I think it was historic,” said Glenn McElfresh, referring to the 9-to-1 vote taken by the City Council on Tuesday night to approve a license to operate a retail-pot business on Mozzone Boulevard.
McElfresh, who describes himself as compliance officer for Commonwealth Alternative Care, was one of a handful of representatives of the company who sat down with the council’s police and license committee.
The full council later in the evening voted to approve the first-of-its-kind license request…
Business Wire: TILT Holdings Comments on Ongoing Vaping Issues and Temporary Vape Ban in Massachusetts
September 26, 2019
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQB: TLLTF), a foundational technology cannabis platform comprised of assets to support brands worldwide, released the following statement today from the Company’s interim CEO Mark Scatterday, regarding recent media coverage of vaping issues and a temporary vape ban in Massachusetts.
Pictured: Jupiter Research cartridges
Taunton Daily Gazette: Marijuana retail shops in Taunton would span the city
TAUNTON – When it comes to host community agreements for retail-marijuana shops, the current picture in Taunton is literally all over the map.
Nine entities so far have been granted the first-step agreements by the City Council to open retail pot shops — with locations ranging from East Taunton’s Liberty and Union Industrial Park to the westerly 400 block of Winthrop Street and points in between.
Only one of them, Commonwealth Alternative Care, has so far been granted a special permit to grow and sell recreational marijuana.
Commonwealth Alternative Care already has a foothold in the city.
That group for nearly a year has been growing and selling medical marijuana and cannabis products on industrial-zoned Mozzone Boulevard off of Route 140/County Street.
And since opening, Commonwealth Alternative Care has expanded its medical pot cultivation, or growing, capacity.
It also this year got City Council approval to grow recreational marijuana inside a separate, adjacent building….
The Enterprise: Brockton pot shop proposals up for board approval
BROCKTON — Marijuana is on the agenda at City Hall, with a series of pot shop proposals now working their way through the local permitting process, including a request for site plan approval at a proposed retail store on the west side.
Commonwealth Alternative Care, represented by attorney James Burke, is scheduled to appear before the Planning Board at 6 p.m. on Tuesday in the G.A.R. Room at City Hall. The company, which opened a medical marijuana dispensary and a grow operation in Taunton last year, with plans for another store in Cambridge, is seeking to open up its doors for retail pot sales at 1090 West Chestnut St., where it renovated a former one-floor warehouse building that was previously used as the home of the Living Word Church.
Burke said Commonwealth Alternative Care already has a provisional license from the state to operate as a recreational marijuana retail store, by virtue of already obtaining a provisional license for a medical marijuana dispensary two years ago. The City Council earlier this year approved ordinances governing the issuance of pot shop permits on the local level, but the city laws state that applicants with medical marijuana licenses located in a zoning overlay district on the city’s west side are grandfathered in at their present locations, in terms of zoning and licensing for adult use recreational marijuana.
“They were provided with provisional license before the ordinance went in,” Burke said. “They are one of two applicants that are exempt.”…
