M&A - TILT Holdings Inc.

Form Type: 8-K

Filing Date: 2025-02-03

Corporate Action: Acquisition

Type: New

Accession Number: 000155837025000584

Filing Summary: On January 28, 2025, TILT Holdings Inc.'s wholly owned subsidiary, Commonwealth Alternative Care Inc., entered into an Asset Purchase Agreement with In Good Health, Inc. for the acquisition of substantially all the assets of Commonwealth's adult-use and medical cannabis dispensaries in Taunton and Brockton, Massachusetts. The transaction involves a purchase price of $2,000,000, payable by wire transfer, plus the assumption of certain liabilities as specified in the Agreement. Included in the assets being acquired are inventory, contracts, tangible personal property, and goodwill associated with the business. The closing is subject to customary conditions and necessary regulatory approvals from the Massachusetts Cannabis Control Commission. The press release announcing this agreement was issued on February 3, 2025.

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