Company Receives Approval to Commence Adult-Use Cannabis Operations and Retail Sales Beginning December 20, 2021

PHOENIX, Dec. 17, 2021 (GLOBE NEWSWIRE) — TILT Holdings Inc. (“TILT or the “Company”) (NEO: TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, today announced that the Massachusetts Cannabis Control Commission (“CCC”) has approved TILT’s subsidiary, Commonwealth Alternative Care, Inc. (“CAC”), to commence adult-use cannabis operations including cultivation, manufacturing, distribution and retails sales at its Taunton facility, effective December 20, 2021.

With this approval to commence adult-use operations, CAC will be the first dispensary to open its doors to recreational cannabis customers in Taunton, Mass.

“CAC has been proudly serving medical patients in the Taunton community since 2018,” said Gary Santo, CEO of TILT. “As the first adult-use dispensary in Taunton, we can now serve the entire community with our best-in-class products and services. This milestone solidifies our position as a market leader and allows us to provide our growing portfolio of cannabis brand partners even greater customer visibility and market penetration in Massachusetts.”

Located at 30 Mozzone Boulevard, CAC’s Taunton dispensary is located adjacent to its 100,000 square-foot cultivation and processing facility. Featuring 3,000 square-feet

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