Mr. Joel Milton reports

TILT HOLDINGS STRENGTHENS LEADERSHIP TEAM, APPOINTS LARS VAULE CHIEF OPERATING OFFICER

Tilt Holdings Inc. has appointed Lars Vaule to the role of chief operating officer, effective immediately. The position requires approval by the Canadian Securities Exchange.

Based at the company's headquarters in Cambridge, Mr. Vaule will oversee all Tilt's operational functions for technology and infrastructure as well as all the company's general supporting services.

"Lars brings over two decades of operational expertise with an accomplished career in leading national and multinational manufacturing and technology companies," said Alex Coleman, chief executive officer of Tilt Holdings. "His intellect, entrepreneurship and experience are a valuable addition to the Tilt executive team, and he will play a key role in driving our growth and success."

Prior to joining Tilt, Mr. Vaule served as interim chief executive officer for an angel-financed technology solution developing HIPAA-compliant (Health Insurance Portability and Accountability Act) payment processing for independent medical offices and surgical centres. Prior to this, Mr. Vaule was president and a board member of Jones & Vining, a manufacturer of tooling and plastic components for the footwear and sporting goods industries, where he led the company's revitalization, driving improvement in sales management and operations. He is also the founder of two technology companies -- Shortlist and Signeta.

"I am delighted to join Tilt as its new chief operating officer," said Mr. Vaule. "Tilt has built the leading technology and infrastructure platform to support the rapid growth of the cannabis industry. I look forward to leveraging my technology and manufacturing experience to contribute to the growth of this exciting company and the broader cannabis industry."

About Tilt Holdings Inc.

Tilt Holdings is a vertically integrated technology and infrastructure platform delivering the most comprehensive range of products and services across the cannabis industry. Tilt has a presence in more than 1,000 dispensaries across the United States, Canada, Puerto Rico and Jamaica.

We seek Safe Harbor.