TILT Holdings Inc. announced that it will receive $10,500,000 on May 2, 2024.The transaction will include participation from new lender Standard Farms LLC. The Note will mature on December 31, 2027, and will initially bear interest at 20%. The interest rate will automatically increase to 30% upon standard farm?s opening a retail location and completing a first commercial sale in the commonwealth.

The interest rate will automatically increase to 40% six months after the location opening date. No principal or interest payments will be due under the note before the maturity date, and the note may not be prepaid in cash or kind without the lender?s prior written consent.