Recommended content

Cannabis MSO Tilt Holdings sells Massachusetts store, closing another

Multistate operator Tilt Holdings is divesting itself of two cannabis stores in Massachusetts.

Under terms of a transaction valued at $2 million, single-state operator In Good Health is acquiring Tilt’s Commonwealth Alternative Care in Taunton and the MSO is shutting down its Brockton store, according to a Monday news release.

ADVERTISEMENT

The deal is expected to close in the first half of 2025.

In Good Health is based in Brockton and already has a store there.

Arizona-headquartered Tilt still owns one retail location in Massachusetts, in Cambridge, but the company’s website says that store is “Closed for Renovations Until Further Notice.”

“This divestiture marks an important first step in Tilt’s execution of strategic transactions aimed at optimizing our balance sheet and operating expenses,”

Read full article on Marijuana Business Daily

Follow us on Instagram or join us on facebook page

Be first to rate

Marijuana Business Daily
Source

More news