CAMBRIDGE, Mass.–(BUSINESS WIRE)–Apr 16, 2019–TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQB: SVVTF), a leading provider of products and services to businesses operating in the cannabis industry, announced today that the Company’s wholly-owned subsidiary, Baker Technologies, Inc. (“Baker Technologies”), has closed a loan (the “Loan”) to Standard Farms Ohio LLC (“Standard Farms”) for up to US$3,000,000, which will allow the companies to work together in the rapidly growing Ohio medical marijuana market.
Standard Farms is constructing a state-of-the-art 10,000 sq. ft. processing facility (the “Facility”) in Garfield Heights that will utilize technologies and Standard Operating Procedures based on current Good Manufacturing Practices. Currently, Standard Farms holds a provisional processor permit for the Facility, which it expects to be operational in late 2019, subject to, among other things, the receipt of a certificate of operation (the “Certificate of Operation”) from the State of Ohio Department of Commerce. Utilizing expertise honed