Key Takeaways
- TILT Holdings Inc. transitions Interim CEO Tim Conder to permanent CEO as of September 26, 2023.
- Art Smuck is appointed as the new Chair of the Board, succeeding John Barravecchia.
- Tim Conder aims to continue executing the Company’s refined business strategy for profitable growth.
- TILT’s subsidiary, Standard Farms, launches a fundraiser in collaboration with the PA Breast Cancer Coalition for Breast Cancer Awareness Month.
Leadership Change
Phoenix, AZ--On September 26, TILT Holdings Inc., a global provider of cannabis business solutions, announced the appointment of Tim Conder as the permanent Chief Executive Officer (CEO), effective immediately.
Before this role, Conder served as the Interim CEO since April 2023 and has been a member of TILT's Board of Directors since October 2019.
He also held the positions of President and Chief Operating Officer within the company from July 2019 to November 2020.
His 15-year experience, which includes co-founding Blackbird Logistics and serving as Chief Technology Officer at HERBL Inc., is expected to steer TILT towards growth and profitability.
According to a Globe Newswire release, alongside Conder's appointment, Art Smuck has been named the Chair of the Board, taking over from John Barravecchia, who will remain a Board Member and Chair of the Audit Committee.
Smuck's rich experience with large cannabis brands and complex distribution operations is a valuable asset to TILT.
Philanthropic Endeavor
In a separate initiative, TILT's subsidiary, Standard Farms, partnered with the PA Breast Cancer Coalition (PBCC) for a Breast Cancer Awareness Month fundraiser.
Throughout October, Standard Farms will donate $5 to PBCC for every Jupiter Pink Ceramic Mouth Tip vape cartridge sold in medical dispensaries statewide in Pennsylvania.
This initiative aligns with Standard Farms’ patient-centered care ethos, extending support to the breast cancer community in Pennsylvania.
What Do We Think
The leadership transition seems to be a strategic move by TILT Holdings Inc., aiming to leverage Tim Conder's extensive experience in the tech and logistics sectors within the cannabis space.
His past contributions towards financial discipline and operational strengthening at TILT indicate a positive trajectory for the company.
Additionally, the initiative by Standard Farms exemplifies a corporate responsibility ethos, which augments TILT’s brand image and creates a meaningful impact in the community it operates within.
The collaborative endeavor with PBCC reflects a commendable step towards supporting a significant cause, showcasing a blend of business operations with social responsibility.