TILT Holdings Cannabis Co. Will Debut On NEO Exchange

TILT Holdings Inc. TILT TLLTF revealed Monday that it has received approval to list its common shares on the NEO Exchange.

The move follows the company's announcement that it had entered into a multi-state licensing agreement with cannabis product innovator brand 1906 and obtained four provisional licenses - issued by the Massachusetts Cannabis Control Commission - for the cultivation, manufacturing and sale of adult-use cannabis at its Taunton location and to sell adult-use cannabis at its Brockton location.

TILT's common shares will begin trading in Canadian dollars on the NEO on Tuesday, August 17 under the symbol TILT.

The company's common shares are expected to be delisted from the Canadian Securities Exchange at the close of trading on Monday, August 16. TILT has been trading on CSE since December 2018.

Based in Phoenix, the company announced that its common shares will also continue to trade in U.S. dollars on the OTCQX Best Market.

"As we look ahead, we believe the time is right to transfer our Canadian listing to the more senior NEO Exchange given the work we have completed to improve our corporate governance and financial reporting standards," Gary Santo, CEO of TILT Holdings said. "Up-listing to the NEO should improve our access to capital by attracting a stronger institutional shareholder base that will benefit from less fragmented spreads and more effective trading controls. TILT is entering its next phase of growth, and we are proud to partner with NEO."

Price Action: TILT's shares traded 0.91% higher at $0.50 per share at market close Friday.

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Photo: Courtesy of Roberto Valdivia on Unsplash

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