BlackbirdGo.com launches on-demand direct-to-consumer cannabis
delivery in the greater Los Angeles area, addressing a market of more
than 18 million people
CAMBRIDGE, Mass.–(BUSINESS WIRE)–
TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQB: SVVTF),
a leading provider of products and services to other businesses
operating in the cannabis industry, today announced the expansion of
Blackbird Holdings Corp.’s (“Blackbird”) delivery and supply chain
services in the greater Los Angeles area covering an addressable
population of more than 18 million people and thousands of businesses.
Blackbird’s expansion will include on-demand cannabis delivery,
positioning Blackbird to become one of the largest direct-to-consumer
distributors in the cannabis industry, which complements its significant
wholesale presence. Today, Blackbird distributes wholesale product to
80% of the licensed retailers in California and more than 95% of
licensed retailers in Nevada.
Blackbird is already in the process of expanding its direct-to-consumer
cannabis delivery service, BlackbirdGo.com,
in the greater Los Angeles area following the successful implementation
of this same last-mile service in Northern California. BlackbirdGo.com
provides patients and adult-use customers the ability to order cannabis
products for delivery in two hours or less from retailers and brands, as
well as a pick-up option for pre-orders. BlackbirdGo.com
is a valuable cannabis education resource and consumer marketplace.
A key initiative for Blackbird has been to provide 24-hour fulfillment
services for TILT’s category leading vaporizer devices, provided by its
wholly owned subsidiary Jupiter Research, LLC (“Jupiter”), to Southern
California cannabis brands and retail customers from its L.A. county
facility. The integration of distribution fulfillment services will
allow Jupiter to further support its more than 760 customers in one of
the largest markets in the United States with just-in-time inventory and
services. Blackbird is offering these same services to independent
manufacturers and brands.
Through its comprehensive technology platform, TILT provides
best-in-class distribution services, logistics operations and software
solutions for each touchpoint in the cannabis supply chain.
“TILT’s integrated business model is designed to empower the industry
and help cannabis entrepreneurs establish, build and grow their
businesses profitably,” said Alex Coleman, Chief Executive Officer of
TILT. “With the expansion of Blackbird services in California, as well
as the integration of Baker and Blackbird’s suite of software offerings,
we are pleased to further support cannabis business owners by providing
operations and software solutions that facilitate the movement of
cannabis products at each touch point within the supply chain.”
About TILT
TILT is a leading provider of products and services to businesses
operating in the cannabis industry. The Company offers the contract
manufacturing of marijuana in a variety of form factors, vaporizer and
inhalation devices, business and consumer delivery services and a broad
suite of software products for over 1,500 retailers and brands
throughout the U.S., Canada and Europe. The majority of TILT’s products
are customized to client specifications and branding, all enabling them
to operate their businesses more efficiently and connect with their
customers more effectively. The Company is organized in two main
business units, Software & Services and Consumer Devices & Packaged
Goods, designed to augment competencies across the organization in
research, manufacturing, packaging and technology to deliver end-to-end
services and customer solutions. All of TILT’s products are supported by
an extensive research process led by scientists and engineers, using
data analytics and discovery to produce new products helping shape the
industry. Headquartered in Cambridge, MA, with offices throughout the
U.S., Toronto and London, TILT has over 500 employees and has sales in
40 U.S. states, Canada and Europe. For more information, please visit www.tiltholdings.com.
Forward-Looking Information
This news release contains forward-looking information based on
current expectations. Forward-looking information is provided for the
purpose of presenting information about management’s current
expectations and plans relating to the future and readers are cautioned
that such statements may not be appropriate for other purposes. Forward
looking information may include, without limitation, statements relating
to the expansion of Blackbird’s business including its delivery and
supply chain, the continued integration of Blackbird’s distribution
fulfillment services with Jupiter’s devices, the opinions or beliefs of
management, prospects, opportunities, priorities, targets, goals,
ongoing objectives, milestones, strategies and outlook of TILT, and
includes statements about, among other things, future developments, the
future operations, strengths and strategy of TILT. Generally, forward
looking information can be identified by the use of forward looking
terminology such as “plans”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates” or “does not anticipate”, or “believes”, or variations of
such words and phrases or state that certain actions, events or results
“may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or
“be achieved”. These statements should not be read as guarantees of
future performance or results. These statements are based upon certain
material factors, assumptions and analyses that were applied in drawing
a conclusion or making a forecast or projection, including TILT’s
experience and perceptions of historical trends, current conditions and
expected future developments, as well as other factors that are believed
to be reasonable in the circumstances.
Although such statements are based on management’s reasonable
assumptions at the date such statements are made, there can be no
assurance that they it be completed on the terms described above and
that such forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such forward-looking information. Accordingly, readers
should not place undue reliance on the forward-looking information. TILT
assumes no responsibility to update or revise forward-looking
information to reflect new events or circumstances unless required by
applicable law.
By its nature, forward-looking information is subject to risks and
uncertainties, and there are a variety of material factors, many of
which are beyond the control of TILT, and that may cause actual outcomes
to differ materially from those discussed in the forward-looking
statements.
The CSE has neither approved nor disapproved the contents of this
news release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190402005620/en/
Contact Information:
Joel Milton
SVP of Business
Development
Phone: (303) 872-7255
Investor Contact:
Scott
Van Winkle
ICR
Phone: 617-956-6736
investors@tiltholdings.com
Media
Contact:
Cory Ziskind
ICR
Phone: 646-277-1232
tiltholdings@icrinc.com
Source: TILT Holdings Inc.
Released April 2, 2019