TILT Holdings (OTCMKTS:TLLTF) Stock In Focus After Recent Development

Global provider of business solutions to the Cannabis industry including inhalation technologies, cultivation, processing, and retail, TILT Holdings (OTCMKTS:TLLTF), on August 12,2021announced that Massachusetts Cannabis Control Commission has given permission to its subsidiary, Commonwealth Alternative Care for four provisional licenses. This will enable the firm to cultivate, manufacture as well as sell adult-use cannabis at the Taunton location beside the sale of adult-use cannabis at the Brockton location.

A final license was also granted for medical cannabis sales in Brockton.

Gary Santo, CEO of TILT Holdings, said that it has been a long journey for the firm and its shareholders as its Taunton facility provides cannabis retailers and medical marijuana patients in Massachusetts with premium cannabis products.

Santo said that the company awaits approval on its submitted license applications and it has expanded its cultivation capacity besides partnering with reputed brands in the industry.

The CEO believes that approval of provisional licenses, as well as final approval of Brockton medical license, will help broaden presence and meet consumer demand. CAC expanded facility houses in Taunton with 100,000 square feet of cultivation, manufacturing, and retail space.

CAC also received both final Medical Dispensary as well as provisional Retail Establishment license for Brockton location, at 1090 W Chestnut Street.

TILT is present in retailers across 36 states in the U.S. as well as Canada, Israel, Mexico, South America, and the European Union.