Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: Interview with Tim Conder, COO of Tilt Holdings Inc. (CSE: $TILT.C)
Delta, Kelowna, BC –October 28, 2019 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
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Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts
In today’s podcast I interview Tim Conder, the COO of Tilt Holdings Inc. (CSE: TILT) (OTCQB: TLLTF), where we discussed some of the company’s more recent news developments as well as the cannabis industry as a whole.
The company just recently announced the appointment of Tim Conder, the Company’s Chief Operating Officer and co-founder of supply-chain technology and operations asset Blackbird Logistics Corporation, to the Company’s Board of Directors.
While serving as COO of the Company, Mr. Conder has been instrumental in implementing foundational changes to the Company that have led to increased revenue, specifically in the Company’s plant-touching assets, as well as guiding the integration of technology asset Baker Technologies Inc. into Blackbird.
TILT Holdings serves cannabis brands worldwide through a strong network of portfolio companies committed to technological innovations that support long-term success. TILT services more than 2,000 brands and cannabis retailers across 33 states in the U.S., as well as in Canada, Israel, Mexico, South America and the European Union. As a market leader in cannabis technology and related products and services, the Company’s core assets include wholly-owned subsidiaries Jupiter, a company that focuses on the vast potential of inhalation through innovative design, development and manufacturing; Blackbird, a company that provides operations and software solutions for wholesale and retail distribution; and Baker, a CRM platform helping dispensaries grow their business. The Company also owns cannabis operations in states including Massachusetts, led by Commonwealth Alternative Care, Inc.; and in Pennsylvania, led by Standard Farms, LLC. Headquartered in Cambridge, Massachusetts, with offices throughout the U.S., and London, TILT has over 400 employees and has sales in the U.S., Canada and Europe.
The company also recently announced that its plant-touching operating asset Commonwealth Alternative Care received local approval(i) for adult-use cannabis sales at its retail store in Taunton, Massachusetts.
CAC began selling cannabis to patients through the Massachusetts Medical Use of Marijuana program in August of 2018. Legislation in Massachusetts was passed in late 2016 legalizing adult-use cannabis although the program faced delays and sales only began in November of 2018. CAC has been working closely with local regulatory bodies and the state’s Cannabis Control Commission (“CCC”) in order to process an application to allow Massachusetts residents above the age of 21 to purchase cannabis products at its retail outlet in Taunton. The approval is conditional pending completion of a few milestones for CAC as well as final approval from the CCC, which the Company hopes to receive in the coming months.
With almost 7 million residents, the Massachusetts cannabis market is expected to exceed $1 billion by next year. The Company has a noteworthy early-mover advantage in this “limited-license” market as one of the first to have vertically integrated operations from its production facility in the same city.
When asked about what investors can look for in the coming months in the cannabis sector and from Tilt Holdings specifically, Tim commented, “I think from the cannabis sector in general, investors can look for long term/ rapid growth. I think cannabis is still the fastest growing industry in the world and I don’t see that slowing down anytime soon. For Tilt Holdings specifically, we’re looking to hitch our wagon to that growth through our software services and hardware offerings. I think investors can expect to see from Tilt, a refined focus around technology and innovation and our continued scaling to support brands worldwide.”
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