SCOTTSDALE, AZ, November 14, 2025 (GLOBE NEWSWIRE) — TILT Holdings Inc. (“TILT” or the “Company”) (Cboe CA: INCLINE) (OTCID: TLLTF), a global provider of cannabis business solutions including inhalation technology, cultivation, production, processing, brand development and retail, announced that following its announcement on November 7, 2025, the Supreme Court of British Columbia issued an initial order granting the company protection under the Companies' Creditors Arrangement Act, RSC 1985, c. S-36, as amended, trading in TILT securities has been suspended.
On November 7, 2025, the Company received a letter (the “Notification Letter”) from Cboe Canada Inc. (“Cboe”) notifying the Company that, pursuant to Section 11.03 of Cboe's Listing Guidelines (the “Listing Guidelines”), trading in the Company's common shares is suspended effective November 7, 2025. Cboe has also issued a bulletin to this effect. In addition, on November 7, 2025, the Company's securities ceased to be listed on the OTCID trading platform operated by OTC Markets Group, Inc.
The notice also stated that the Company's ordinary shares would be formally delisted on November 18, 2025. There is no guarantee that the suspension will be lifted prior to delisting.
ABOUT TILT
INCLINE is committed to helping cannabis businesses build their brands. With a diverse portfolio of companies providing technology, equipment, cultivation and production, TILT serves cannabis brands and retailers in North America, South America, Israel and the European Union. TILT's main activity is Jupiter Resource LLCa wholly owned subsidiary and leader in the evaporation segment, specializing in equipment design, research, development and manufacturing. Jupiter recently received EU medical device certification for Europe's first portable liquid inhalation device. Also, TILT works Alternative Commonwealth Assistance, Inc.Inc. in Massachusetts and Ohio Standard Farms, LLC in Ohio and is a permit holder for Standard Farms LLC in Pennsylvania. TILT is headquartered in Scottsdale, Arizona. For more information, visit www.tiltholdings.com.
Forward-Looking Information
This press release contains forward-looking information and statements (collectively, “forward-looking information”) within the meaning of applicable Canadian and U.S. securities laws that are based on current expectations. Forward-looking information is provided for the purpose of providing information about TILT management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information may include, but is not limited to, our future financial condition and results of operations; our access to capital and expectations regarding liquidity, capital resources and our ability to continue as a going concern; estimates of future capital costs; our future revenues, cash flows and expenses; our plans to sell non-core assets relating to the plant; our monitor purpose; our ability to complete the restructuring process, including implementation of the plan; our plans to restructure and refinance the senior notes and outstanding indebtedness under our credit agreement; our plans to restore Jupiter Research and otherwise complete a comprehensive restructuring; our plans to establish a new debtor-in-possession credit facility and a new replacement senior secured credit facility; our plans and expectations regarding the operation of our business and ability to satisfy our obligations and accounts payable during the restructuring; the future delisting of our common shares on Cboe Canada and OTCID in the United States; our future business strategy and other plans and objectives for future operations; the success of our new innovations and newly certified medical devices, our future development capabilities and manufacturing structure; strengthening TILT's balance sheet, TILT's expectations to reduce corporate overhead and headcount and refocus its business, TILT's business strategy and growth opportunities, prospects, opportunities, priorities, goals, objectives, current objectives, milestones, strategies and prospects of TILT, and includes statements about, among other things, the future development, future activities, strengths and strategy of TILT. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “expects”, “will”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not expect” or “believes”, or variations of such words and phrases, or states that certain actions, events or results “may”, “may”, “will”, “may” or “will be undertaken”, “will occur” or “will be achieved”. These statements should not be relied upon as guarantees of future performance or results. These statements are based on certain material factors, assumptions and analyzes that were used in drawing the conclusions or making projections or forecasts, including TILT's experience and perception of historical trends, TILT's ability to maximize shareholder value, current conditions and expected future developments, as well as other factors believed to be reasonable in the circumstances.
Although such statements are based on management's reasonable beliefs as of the date such statements are made, there can be no assurance that such forward-looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. TILT assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.
By their nature, forward-looking information is subject to risks and uncertainties and there are numerous risk factors, many of which are beyond TILT's control, that could cause actual results to differ materially from those discussed in the forward-looking information. Such risk factors include, but are not limited to, TILT's ability to find a permanent executive successor, the impact of the announcement of a leadership change on TILT's stock, performance, operations, results of operations, employees, suppliers and customers, TILT's ability to successfully navigate through a leadership transition, TILT's ability to implement its business optimization strategy, capital preservation and cash generation, and reductions in corporate overhead and headcount and reorganization of its business, and those risks described under the heading. “Item 1A Risk Factors” in its annual report on Form 10-K for the fiscal year ended December 31, 2024 and other subsequent reports filed by TILT with the U.S. Securities and Exchange Commission at www.sec.gov and on SEDAR+ at www.sedarplus.ca.
Company contact information:
Lynn Ricci, Vice President of Investor Relations and Corporate Communications
TILT Holdings Inc.
[email protected]
Investor Relations Contact:
Sean Mansouri, CFA
Raise IR
[email protected]
720.330.2829
