Company selects NEO as senior stock exchange of choice to access wider investor base and enhanced liquidity
TORONTO–(BUSINESS WIRE)–$TILT #NEOExchange—NEO is proud to welcome TILT Holdings Inc. (“TILT”) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, as they upgrade their public listing to the NEO Exchange. Following a voluntary delisting from the Canadian Securities Exchange, TILT is now available for trading on NEO under the symbol TILT.
TILT is a unique multi-state and international operator headquartered in Arizona, with an anticipated market capitalization of over $150 million CDN. Led by a team of visionaries, engineers, scientists and change agents, TILT is focused on B2B sales and delivering added value to MSOs, licensed producers, and cannabis brands around the world.
“We believe the time is right to transfer our Canadian public listing to the NEO Exchange – an innovative and senior exchange that requires a higher class of reporting standards and corporate governance from its issuers,” said Gary Santo, CEO of TILT Holdings. “As a result of these standards, we expect to attract a high-quality institutional shareholder base that will also benefit from less fragmentation of spreads and strong trading controls offered by the NEO Exchange. We are excited to embark on this new partnership as we continue to execute on our renewed B2B growth strategy.”
Today’s launch marks the 7th graduation this year of quality growth companies from junior exchanges to NEO’s main board stock exchange. Investors can trade shares of TILT (NEO:TILT) through their usual investment channels, including discount brokerage platforms and full-service dealers.
“TILT’s decision to graduate to the NEO Exchange was a strategic one, and a validation of NEO’s commitment to delivering tangible results, doing what is right for capital raisers and investors, and championing the continued success of our issuers,” remarked Jos Schmitt, President and CEO of NEO. “TILT is well-positioned for growth over the years ahead, both in terms of market share and revenue. We are honoured to be a part of the next step in their capital markets journey.”
The NEO Exchange is home to over 160 corporate and ETF listings, and consistently facilitates close to 15% of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.
About the NEO Exchange
The NEO Exchange is Canada’s Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
About TILT Holdings Inc.
TILT helps cannabis businesses build brands. Through a portfolio of companies providing technology, hardware, cultivation and production, TILT services brands and cannabis retailers across 36 states in the U.S., as well as Canada, Israel, Mexico, South America, and the European Union. TILT’s core businesses include Jupiter Research LLC, a wholly-owned subsidiary and leader in the vaporization segment focused on hardware design, research, development and manufacturing; and cannabis operations, Commonwealth Alternative Care, Inc. in Massachusetts, Standard Farms LLC in Pennsylvania and Standard Farms Ohio, LLC in Ohio. TILT is headquartered in Phoenix, Arizona.
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