On the heels of a US$119M capital raise, four top cannabis companies
in the U.S. and Canada — Baker, Briteside, Sea Hunter and Santé Veritas
– combined into one company TILT.
TORONTO–(BUSINESS WIRE)–
Today, TILT Holdings Inc. (“TILT” or the “Company”),
announced it expects to begin trading on the Canadian Securities
Exchange (the “CSE”) under the ticker symbol “TILT,” at the
opening of the market this Tuesday, December 4, 2018.
TILT will provide technology-driven products and services across every
stage of the cannabis supply chain. In recent news, on November 21,
2018, the Company announced the official close
of the merger involving Baker Technologies, Inc. (“Baker”), Briteside
Holdings, LLC (“Briteside”), Sea Hunter Therapeutics, LLC (“Sea Hunter”)
and Santé Veritas Holdings Inc. (“Santé Veritas”) and the close
of its latest capital raise (together with the merger involving Baker,
Briteside, Sea Hunter and Santé Veritas, the “Transaction”). TILT
expects the Transaction to receive all final approvals, including that
of the CSE by Tuesday, December 4, 2018.
About TILT
TILT Holdings Inc. is a vertically-integrated technology and
infrastructure platform delivering the most comprehensive range of
products and services across the cannabis industry. TILT strives to
deliver the highest quality products and services through
knowledge-based technology systems for both businesses and consumers.
TILT technologies have a presence in more than 1,000 dispensaries across
the U.S., Canada, Puerto Rico and Jamaica. For more information, please
visit www.tiltholdings.com
The CSE has not in any way passed upon the merits of the anticipated
listing of the common shares of TILT (the “TILT Common Shares”) on
Tuesday, December 4, 2018, and has neither approved nor disapproved the
contents of this news release and does not accept responsibility for the
adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of the securities in the United
States. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the “U.S.
Securities Act”) or any state securities laws and may not be offered or
sold within the United States or to U.S. Persons unless registered under
the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
Forward-Looking Information
This news release contains forward-looking information within the
meaning of applicable securities laws, based on current expectations.
Generally, any statements that are not historical facts may contain
forward-looking information, and 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
indicates that certain actions, events or results “may,” “could,”
“would,” “might” or “will be” taken, “occur” or “be achieved.” Forward
looking information may include, without limitation, statements and
expectations regarding whether the conditions to the consummation of the
Transaction will be satisfied, or the expected timing for the listing of
the TILT Common Shares on the CSE, statements regarding the operations,
business, financial condition, expected financial results, performance,
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 the Company. 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. 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.
Examples of the assumptions underlying the forward-looking statements
contained herein include, but are not limited to those related to: the
listing of the TILT Common Shares on the CSE on Tuesday, December 4,
2018, the achievement of goals, the obtaining of all necessary permits
and governmental approvals, as well as expectations regarding
availability of equipment, skilled labour and services needed for
cannabis operations, intellectual property rights, development,
operating or regulatory risks, trends and developments in the cannabis
industry, business strategy and outlook, expansion and growth of
business and operations, the timing and amount of capital expenditures;
future exchange rates; the impact of increasing competition; conditions
in general economic and financial markets; access to capital; future
operating costs; government regulations, including future legislative
and regulatory developments involving medical and recreational marijuana
and the timing thereto; receipt of appropriate and necessary licenses in
a timely manner; the effects of regulation by governmental agencies; the
anticipated changes to laws regarding the recreational use of cannabis;
the demand for cannabis products and corresponding forecasted increase
in revenues; and the size of the medical marijuana market and the
recreational marijuana market.
Although such statements are based on management’s reasonable
assumptions at the date such statements are made, there can be no
assurance that it will 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 the Company and that may cause actual
outcomes to differ materially from those discussed in the
forward-looking statements. These factors include, but are not limited
to: denial or delayed receipt of all necessary consents and approvals;
need for additional capital expenditures; increased costs and timing of
operations; unexpected costs associated with environmental liabilities;
requirements for additional capital; reduced future prices of cannabis;
failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes and other risks of the cannabis industry;
delays in obtaining governmental approvals, permits or financing or in
the completion of development or construction activities; title
disputes; claims limitations on insurance coverage; risks related to the
integration of acquisitions; fluctuations in the spot and forward price
of certain commodities (such as diesel fuel and electricity); changes in
national and local government legislation, taxation, controls,
regulations and political or economic developments in the countries
where the Company may carry on business in the future; liabilities
inherent in cannabis operations; risks relating to medical and
recreational cannabis; cultivation, extraction and distribution
problems; competition for, among other things, capital, licences and
skilled personnel; risks relating to the timing of legalization
of recreational cannabis; changes in laws relating to the cannabis
industry; and management’s success in anticipating and managing
the foregoing factors.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181128005785/en/
Media:
Anne Baker
InkHouse
Phone: 415-299-6371
TILT@inkhouse.com
Investors:
Scott Van Winkle
ICR
Phone: 617-956-6736
scott.vanwinkle@icrinc.com
Source: TILT Holdings Inc.
Released November 28, 2018