- TILT Holdings (TILT) subsidiary, Commonwealth Alternative Care (CAC) has been granted four provisional adult-use licenses and a final medical dispensary license
- The provisional licenses are for the cultivation, manufacturing and sale of cannabis at CAC’s Taunton location and the sale of adult-use cannabis at its Brockton location
- The medical dispensary license is for the sale of medical cannabis at CAC’s Brockton location
- CAC’s recently expanded facility houses over 100,000 square feet of cultivation, manufacturing, and retail space
- The company anticipates opening the doors to its Brockton location in the weeks to come following a final inspection by the Massachusetts Cannabis Control Commission
- TILT services brands and cannabis retailers across 35 states in the U.S., as well as Canada, Israel, Mexico, South America and the European Union
TILT Holdings (TILT) subsidiary, Commonwealth Alternative Care (CAC) has received four adult-use licenses and one medical dispensary license.
The licenses are for the cultivation, manufacturing and sale of adult-use cannabis at its Taunton location and the sale of adult-use cannabis at CAC’s Brockton location.
The medical dispensary license is for the sale of medical cannabis at its Brockton location.
“This has been a long journey for TILT and its shareholders,” said Gary Santo, CEO of TILT Holdings.
“Our Taunton facility has been supplying cannabis retailers and medical marijuana patients in Massachusetts with premium cannabis products for nearly three years while we awaited approval of our remaining submitted license applications.
Along the way, we expanded our cultivation capacity, partnered with some of the most recognizable brands in the industry and continued to expand our wholesale reach to be ready for this moment. The approval of these provisional licenses, along with the final approval of our Brockton medical license, will further expand CAC’s presence in the state and, together with our brand partners, will help TILT meet both patient and consumer demand in the Commonwealth.”
CAC’s recently expanded facility houses over 100,000 square feet of cultivation, manufacturing, and retail space with more than 50 per cent of that space dedicated to cultivation.
In addition to the medical licenses it currently operates under, earlier today CAC’s Taunton facility received three provisional adult-use licenses; Cultivation, Product Manufacturer and Retail Establishment.
CAC also received both a final Medical Dispensary and a provisional Retail Establishment license for its completely built-out Brockton location. The company will be hosting a job fair on-site and expects its newest location to open its doors for business in the weeks to come following final inspection by the CCC.
Through a portfolio of companies providing technology, hardware, cultivation and production, TILT services brands and cannabis retailers across 35 states in the U.S., as well as Canada, Israel, Mexico, South America and the European Union.
TILT’s core businesses include Jupiter Research, Commonwealth Alternative Care and Standard Farms.
TILT Holdings Inc. (TILT) opened trading at C$0.62 per share.
