It’s time for your Daily Hit of cannabis financial news for February 17, 2022.
On The Site
TILT Holdings Inc. (OTCQX: TLLTF) has made a deal to manufacture and distribute the Colorado-based cannabis brand Toast. Toast is known for its USDA organic certified tinctures and its vegan, raw chocolate. The company has also made a name for its signature Slice pre-rolls.
Tilt said the initial product rollout would begin in Massachusetts through its subsidiary Commonwealth Alternative Care, Inc. If the company gets approval, Tilt said it will launch Toast in Pennsylvania and Ohio through its Standard Farms subsidiaries with new SKUs created for each market. Tilt also said it will provide full-service wholesale manufacturing, packaging and distribution for several existing Toast SKUs, as well as collaborative R&D services to create new products and increase the accessibility of high-end cannabis to medical patients and adult-use consumers. Read more here.
As various psychedelics become part of the discussion about wellness and mental health treatment, with psilocybin generally leading the way, researchers are beginning to work with different synthesized formulations to find a way to make psychedelics less, well, psychedelic. They want to block the hallucination experience but keep within the psychedelic the natural medicine that helps people with treatment-resistant depression, anxiety, or whatever condition they are seeking to manage. Read more here.
In Other News
Tilray Brands, Inc. (Nasdaq: TLRY) announced that its medical cannabis division, Tilray Medical, has completed its first sale of medical cannabis in Malta. Tilray’s EU-GMP medical cannabis products are now available in pharmacies across Malta, providing patients with safe and reliable access to high-quality medical cannabis. Read more here.
C3 Industries announced the appointment of John Moyers as Vice president of marketing. Moyers will be responsible for collaborating with stakeholders on brand strategy and executing comprehensive marketing campaigns for C3 Industries’ growing brand portfolio. Moyers joins C3 from Harvest Health & Recreation and brings a wealth of expertise in building mainstream and cannabis consumer brands and retail services. His key growth initiatives for the company include bringing digital solutions to the current marketing team, launching a new loyalty program for High Profile Cannabis Shop, creating a new brand for the Michigan greenhouse and spearheading activations for C3’s Cloud Cover brand. Read more here.