TILT Holdings Divests Massachusetts Dispensaries for $2 Million

LOS ANGELES- TILT Holdings Inc., a cannabis business solutions provider, has entered into an agreement to divest two of its Massachusetts dispensaries to In Good Health, a private single-state cannabis operator, for $2 million in cash. Under the terms of the agreement, TILT will transfer ownership of its Taunton dispensary to In Good Health and close its Brockton location. The transaction is expected to close in the first half of 2025, pending customary regulatory approvals.

This move aligns with TILT’s strategy to explore strategic alternatives for its plant-touching operations and focus on its vape hardware business, Jupiter Research. The company continues to review its remaining plant-touching assets, including cultivation and manufacturing operations in Massachusetts, Pennsylvania, and Ohio.

In Good Health, established in 2015, views the acquisition as an opportunity to expand its retail footprint in Massachusetts. The Taunton location will complement its existing dispensaries in Brockton and Sandwich, enhancing resource efficiency within the region.

This transaction reflects ongoing strategic adjustments within the cannabis industry as companies like TILT Holdings refine their operations to focus on core competencies and optimize financial performance.