CAMBRIDGE, Mass., Nov. 21, 2019 (GLOBE NEWSWIRE) — TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQB: TLLTF), a foundational technologies cannabis platform comprised of assets to help brands worldwide, announced nowadays that it has closed an added private placement (the “Financing”) of US$10.two million of senior secured notes (the “Notes”) from a syndicate consisting of current shareholders and new investors, bringing to total quantity of the facility to US$35.8M, up from the previously announced maximum of US$35M.

“On the heels of the announcement of our outstanding Third Quarter economic benefits and earnings contact yesterday, the closing of this added financing only additional illustrates the constructive momentum TILT is experiencing as an organization and the increasing self-confidence the investment neighborhood has in our refocused organization strategy,” stated interim CEO Mark Scatterday. “We strategy to use this added funding to propel our development into the new year and continue to invest into the operations of our core assets. The truth that the financing was oversubscribed only additional speaks to the constructive sentiment key investors are feeling towards what we’re accomplishing at TILT.”

This is the final closing of the previously announced financing involving the issuance of Notes, and the terms stay the very same as previously announced. In connection with the issuance of the Notes for the new US$10.2M raised, the Organization will also situation 1,800 widespread share acquire warrants (the “Warrants”) to the subscribers for every single US$1,000 principal quantity of Notes subscribed, for a total aggregate of roughly 18,360,000 Warrants. Every single Warrant is exercisable for 1 widespread share of the Organization at a value of C$.39 per widespread share for a period of 36 months from the closing date. The terms of the Financing described in this press release are set out in the applicable definitive documents, which have be filed on SEDAR and offered at www.sedar.com. This press release shall not constitute an offer you to sell or the solicitation of an offer you to obtain nor shall there be any sale of the securities in any jurisdiction in which such offer you, solicitation or sale would be unlawful.

About TILT

TILT Holdings serves cannabis brands worldwide by way of a sturdy network of portfolio providers committed to technological innovations that help lengthy-term accomplishment. TILT solutions much more than two,000 brands and cannabis retailers across 33 states in the U.S., as effectively as in Canada, Israel, Mexico, South America and the European Union. As a market place leader in cannabis technologies and connected goods and solutions, the Company’s core assets consist of wholly-owned subsidiaries Jupiter, a enterprise that focuses on the vast possible of inhalation by way of revolutionary style, improvement and manufacturing Blackbird, a enterprise that offers operations and software program options for wholesale and retail distribution and Baker, a CRM platform assisting dispensaries develop their organization. The Organization also owns cannabis operations in states like Massachusetts, led by Commonwealth Option Care, Inc. and in Pennsylvania, led by Typical Farms, LLC. Headquartered in Cambridge, Massachusetts, with offices all through the U.S., and London, TILT has more than 400 workers and has sales in the U.S., Canada and Europe. For much more facts, stop by www.tiltholdings.com.

Speak to Details:

Joel Milton

SVP of Enterprise Improvement

Telephone: (303) 872-7255

Media Speak to:

Cassandra Dowell

CMW Media

Telephone: 858-264-6600

[email protected]

Forward-Searching Details

This news release consists of forward-seeking facts primarily based on existing expectations. Forward-seeking facts is supplied for the goal of presenting facts about management’s existing expectations and plans relating to the future and readers are cautioned that such statements may well not be proper for other purposes. Forward seeking facts may well consist of, without having limitation, the opinions or beliefs of management, prospects, possibilities, priorities, targets, targets, ongoing objectives, milestones, techniques and outlook of TILT, and consists of statements about, amongst other points, future developments, the future operations, strengths and tactic of TILT. Frequently, forward seeking facts can be identified by the use of forward seeking 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 particular actions, events or benefits “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. These statements must not be study as guarantees of future functionality or benefits. These statements are primarily based upon particular material variables, assumptions and analyses that have been applied in drawing a conclusion or generating a forecast or projection, like TILT’s expertise and perceptions of historical trends, the use of proceeds of the Financing, the capability of TILT to maximize shareholder worth, existing situations and anticipated future developments, as effectively as other variables that are believed to be affordable in the situations.

While such statements are primarily based on management’s affordable assumptions at the date such statements are produced, there can be no assurance that they it be completed on the terms described above and that such forward-seeking facts will prove to be correct, as actual benefits and future events could differ materially from these anticipated in such forward-seeking facts. Accordingly, readers must not location undue reliance on the forward-seeking facts. TILT assumes no duty to update or revise forward-seeking facts to reflect new events or situations unless essential by applicable law.

By its nature, forward-seeking facts is topic to dangers and uncertainties, and there are a selection of material variables, numerous of which are beyond the handle of TILT, and that may well lead to actual outcomes to differ materially from these discussed in the forward-seeking statements.

The CSE has neither authorized nor disapproved the contents of this news release.

This post was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s top agency and digital economic media network devoted to the burgeoning CBD and legal cannabis industries. Get in touch with +1 (833) 420-CNFN for much more facts.

About Ryan Allway

Mr. Allway has more than a decade of expertise in the economic markets as each a private investor and economic journalist. He has been actively involved in the cannabis market due to the fact its inception, covering public and private providers.