Tilt Holdings Inc. (OTC:TLLTF) Stock In Focus After Recent News
If you are currently looking into companies involved in the cannabis industry, then there are a number of entities to look into, and one of those is Tilt Holdings Inc. (OTC:TLLTF). The company is a worldwide cannabis business solutions provider, and some of the solutions it offers are related to cultivation, manufacturing, technologies, retail, brand management, and processing.
On Wednesday, Tilt Management was in the news cycle after it emerged that the company, along with all its subsidiaries, had entered into a debt and security agreement with Smoore Technology Limited. The agreement in question went into effect on January 28, 2024. It was further noted that the agreement helped with the expansion of the existing trade-payable credit line with Smoore Technology from Tilt and Jupiter Research LLC. As per the terms of the agreement, Smoore would carry on the sales of the CCELL-branded vape hardware products and ship them to Tilt’s fully owned subsidiary Jupiter on credit.
In exchange for the agreement, the company agreed to guarantee the payment of any amount that would be owed by Jupiter LLC to Smoore that would be in excess of the insurance that Smoore received from the Chinese credit insurance firm Sinosure. The condition would be applicable for the non-payment of any invoice by Jupiter that was more than 120 days old. The guarantee was an important one for Tilt since it would allow the company to secure the credit line that would be crucial for meeting customer demand.
Tim Conder, the Chief Executive Officer of Tilt, spoke about the development as well. He noted that the agreement with Smoore was a necessary and important step for the company in its quest to expand its business and also to meet the demands of the growing cohort of customers. It may be a good time to add the stock to your watch lists.
