TILT Holdings Inc ( (TSE:TILT) ) has issued an announcement.
TILT Holdings Inc. has received default notices from Innovative Industrial Properties due to outstanding rental payments on properties in Pennsylvania and Massachusetts. The company is actively negotiating with the landlord to resolve these financial obligations and has already made payments to satisfy April rent obligations, securing a temporary forbearance from eviction. This situation highlights potential financial challenges for TILT, impacting its operations and possibly affecting stakeholder confidence.
More about TILT Holdings Inc
TILT Holdings Inc. is a global provider of cannabis business solutions, offering products and services such as inhalation technologies, cultivation, manufacturing, processing, brand development, and retail. The company manages a diverse portfolio in the cannabis industry, with its core business being Jupiter Research LLC, a leader in vaporization hardware design, research, development, and distribution. TILT operates cultivation and production facilities in multiple states under the Commonwealth Alternative Care and Standard Farms brands, serving markets in the United States, Canada, South America, and the European Union.
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$213.8M
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