PHOENIX, Feb. 1, 2023 (GLOBE NEWSWIRE) — Tilt Holdings Inc. (“TILT” or the “Company”) (NEO: TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions spanning inhalation technologies, cultivation, manufacturing, processing, branding and retail, today announced the launch of in Pennsylvania Black Buddha cannabis, a Black and women-owned, environmentally conscious, social impact-oriented cannabis wellness brand. Black Buddha Cannabis, previously launched in Massachusetts, is now available across Pennsylvania through TILT’s subsidiary, Standard Farms LLC.
“The launch in two key markets is exciting and only possible with a strong partnership. I appreciate the team effort and collaboration with TILT and our shared commitment to creating space in the cannabis market for quality products from diverse producers,” said Roz McCarthy, Founder and Chief Executive Officer (“CEO”) of Black Buddha Cannabis.
McCarthy’s vision for Black Buddha Cannabis is to promote optimal wellness in all aspects of life, supporting each patient to reach their potential and live with passion and purpose. In keeping with that purpose, the initial offering in Pennsylvania focuses on supporting euphoric and positive effects emanating from sativa-dominant hybrid flowering. The line is called Blyss and is available in an eighth or in a vape of expertly grown premium cannabis.
“The ability of the Standard Farms team to bring their diverse range of new brands and product offerings to market demonstrates the growth and maturity of our operations,” said Gary Santo, CEO of TILT. “We have over the past year overhauled and continuously refined our internal infrastructure to meet the needs of brand partners while bringing quality products to Pennsylvania. This is our first launch of the new year for Standard Farms and based on our established market base, we expect to successfully bring this exciting social impact wellness brand to the community as part of our growing line of brand partners.”
Dispensaries in Pennsylvania interested in Black Buddha Cannabis or any of our portfolio of branded partners 1906, Air, “H” by Ricky Williams or old buddyshould contact our wholesale team to order from [email protected].
To keep up to date with progress, follow TILT and Black Buddha Cannabis on social media:
Instagram: @tiltholdings and @BlackBuddhaCannabis
TILT helps cannabis companies build brands. Through a portfolio of companies providing technology, hardware, cultivation and production, TILT serves brands and cannabis retailers in regulated markets in 37 states of the United States, Canada, Israel, South America and the European Union. TILT’s core businesses include Jupiter Research LLC, a wholly owned subsidiary and a leader in the vaporization segment focused on hardware design, research, development and manufacturing; and cannabis operations, Commonwealth Alternative Care, Inc. in Massachusetts, Standard Farms LLC in Pennsylvania, Standard Farms Ohio, LLC in Ohio and its partnership with the Shinnecock Indian Nation in New York. TILT is headquartered in Phoenix, Arizona. For more information visit www.tiltholdings.com.
About Black Buddha Cannabis
Black Buddha Cannabis establishes a new paradigm for the industry as a Black-owned, environmentally conscious, wellness-focused and social justice-focused brand. Black Buddha Cannabis’ premium lifestyle and wellness products will be available in leading dispensaries across the country through state brand partnerships with peer producers, breeders and operators. Black Buddha Cannabis, which is currently available in Ohio, Massachusetts and now Pennsylvania, anticipates that the products will also initially be available in California, Michigan and Nevada. To learn more about Black Buddha Cannabis, please visit https://blackbuddhcannabis.co.
This press release contains forward-looking information and statements (collectively, “Forward-Looking Information”) under applicable Canadian and United States securities laws that are based on current expectations. Forward-looking information is provided to present information about TILT management’s current expectations and plans regarding the future and readers are cautioned that such statements may not be appropriate for any other purpose. Forward-looking information may include, without limitation, the anticipated performance and success of the collaboration between TILT and Black Buddha Cannabis, Black Buddha Cannabis’ proposed expansion and timeline in the Pennsylvania market, anticipated development, timing and release of future product offerings, opinions or TILT’s management beliefs, prospects, opportunities, priorities, objectives, goals, ongoing goals, milestones, strategies and prospects and includes, among other things, statements about TILT’s future developments, future operations, strengths and strategy. Generally, forward-looking information is identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “will”, “budget”, “planned”, “estimate”, “forecast”, “intend,” “anticipate,” or “do not anticipate,” or “believe,” or variations of such words and phrases, or state that certain actions, events, or results “may,” “could,” “would,” “could,” or “will.” taken”, “enter” or “be achieved”. These statements should not be read as guarantees of future performance or results. These statements are based on certain material factors, assumptions and analysis used in reaching a conclusion or making a forecast or projection, including TILT’s experience and perception of historical trends, TILT’s ability to maximize shareholder value , current conditions and anticipated future developments , as well as other factors that are considered appropriate under the given circumstances.
Although such statements are based on management’s reasonable assumptions at the time they are made, there can be no assurance that they will be completed on the terms described above and that such forward-looking information will prove to be accurate results and future events may differ materially from those set forth in such forward-looking information Information expected differ. Accordingly, readers should not place undue reliance on the forward-looking information. TILT assumes no responsibility to update or revise any forward-looking information to reflect new events or circumstances, except as required by applicable law.
By its very nature, forward-looking information involves risks and uncertainties and there are a variety of risk factors, many of which are beyond TILT’s control, that could cause actual results to differ materially from those discussed in the forward-looking statements. search information. Such risk factors include, but are not limited to, those described under the heading “Risk Factors” in Amendment No. 2 to the Form 10 Registration Statement filed by TILT with the United States Securities and Exchange Commission and on SEDAR at www.sedar. com.
Lynn Ricci, Vice President of Investor Relations and Corporate Communications
Tilt Holdings Inc.
Investor Relations contact:
Sean Mansouri, CFA