File: Attachment 06193902-00000001-00046470-2024-10-18_-_TILT_Press_Release-PDF.pdf

TILT Holdings Announces the Departure of its Chief Revenue Officer

PHOENIX--October 18, 2024 TILT Holdings Inc. ("TILT" or the "Company") (NEO: TILT) (OTCQB: TLLTF), a global provider of cannabis business solu ons that include inhala on technologies, cul va on, manufacturing, processing, brand development and retail, today announced a leadership change. Chris Kelly, who has served as Chief Revenue Officer ("CRO") since December 2022, has departed the Company, effec ve today.

"The Company con nues to transform and refocus, and with these changes, comes the announcement today of Chris Kelly's departure as chief revenue officer," stated Tim Conder, chief execu ve officer of TILT Holdings. "We thank Chris for his contribu ons to TILT as well as his leadership and mentorship to his team, and wish him well in his future endeavors."

About TILT

TILT helps cannabis businesses build brands. Through a por olio of companies providing technology, hardware, cul va on and produc on, TILT services brands and cannabis retailers across 40 states in the U.S., as well as Canada, Israel, Mexico, South America and the European Union. TILT's core businesses include Jupiter Research LLC, a wholly-owned subsidiary and leader in the vaporiza on segment focused on hardware design, research, development and manufacturing; and cannabis opera ons, Commonwealth Alterna ve Care, Inc. in Massachuse s, Standard Farms LLC in Pennsylvania, and Standard Farms Ohio, LLC in Ohio. TILT is headquartered in Phoenix, Arizona. For more informa on, visit www. ltholdings.com.

Forward-Looking Informa on

This news release contains forward-looking informa on and statements (together, "forward-looking informa on") under applicable Canadian and U.S. securi es laws which are based on current expecta ons. Forward-looking informa on is provided for the purpose of presen ng informa on about TILT management's current expecta ons and plans rela ng to the future and readers are cau oned that such statements may not be appropriate for other purposes. Forward-looking informa on may include, without limita on, expecta ons rela ng to the impact of the leadership change on TILT's opera ons, TILT's beliefs about working through the leadership transi on, TILT's expecta ons on reduc ons in corporate overhead and headcount and re-alignment of its business, TILT's business strategy and growth opportuni es, the opinions or beliefs of management, prospects, opportuni es, priori es, targets, goals, ongoing objec ves, milestones, strategies, and outlook of TILT, and includes statements about, among other things, future developments, the future opera ons, strengths and strategy of TILT. Generally, forward-looking informa on can be iden fied by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "will", "budget", "scheduled", "es mates", "forecasts", "intends", "an cipates" or "does not an cipate", or "believes", or varia ons of such words and phrases or state that certain ac ons, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These statements should not be read as guarantees of future performance or results. These statements are based upon certain material factors, assump ons and analyses that were applied in drawing a conclusion or making a forecast or projec on, including TILT's experience and percep ons of historical trends, the ability of TILT to maximize shareholder value, current condi ons and expected future developments, as well as other factors that are believed to be reasonable in the circumstances. Although such statements are based on management's reasonable assump ons at the date such statements are made, there can be no assurance that such forward-looking informa on will prove to be accurate, as actual results and future events could differ materially from those an cipated in such forward-looking informa on. Accordingly, readers should not place undue reliance on the forward-looking informa on. TILT assumes no responsibility to update or revise forward-looking informa on to reflect new events or circumstances unless required by applicable law.

By its nature, forward-looking informa on is subject to risks and uncertain es, and there are a variety of risk factors, many of which are beyond the control of TILT, and that may cause actual outcomes to differ materially from those discussed in the forward-looking informa on. Such risk factors include, but are not limited to, TILT's ability to find a permanent successor execu ve, the impact of the announcement of the leadership change on TILT's stock, performance, opera ons, results of opera ons, employees, suppliers and customers, TILT's ability to successfully work through the leadership transi on, TILT's ability to execute on its business op miza on strategy, capital preserva on and cash genera on, and reduc ons in corporate overhead and headcount and re-alignment of its business and those risks described under the heading "Item 1A Risk Factors" in the Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and "Item 1A Risk Factors" in the Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 and other subsequent reports filed by TILT with the United States Securi es and Exchange Commission at www.sec.gov and on SEDAR+ at www.sedarplus.ca.

Company Contact:

Lynn Ricci, VP of Investor Rela ons & Corporate Communica ons

TILT Holdings Inc.

lricci@ ltholdings.com

Investor Rela ons Contact:

Sean Mansouri, CFA

Elevate IR

TILT@elevate-ir.com

720.330.2829