TILT Holdings Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Subsequent Events

Subsequent Events	3 Months Ended
Mar. 31, 2025
Subsequent Events
Subsequent Events	19. Subsequent Events During April 2025, the Company received an additional $2,219 in refund checks from the IRS related to its Employee Retention Credit note. Of this amount, $285 represented accumulated interest and was passed through to 1861 Acquisition. The remaining $1,934 settled a portion of the ERC note and was recorded as other income. On April 10, 2025, Redbud Roots Inc. (the “Named Plaintiff”) filed a complaint in the United States District Court for the Northern District of California against Shenzhen Smoore Technology Co. Ltd, Jupiter Research, LLC (“Jupiter”), 3Win Corporation, CB Solutions Inc. and Greenlane Holdings, Inc. (collectively, the “Defendants”). Jupiter is a wholly owned subsidiary of the Company. In the complaint, the Named Plaintiff alleges, on behalf of a class of similarly-situated plaintiffs, that the Defendants violated federal antitrust statutes through the sale and distribution of closed cannabis oil vaporizing systems.

Subsequent Events

3 Months Ended

Mar. 31, 2025

19. Subsequent Events

During April 2025, the Company received an additional $2,219 in refund checks from the IRS related to its Employee Retention Credit note. Of this amount, $285 represented accumulated interest and was passed through to 1861 Acquisition. The remaining $1,934 settled a portion of the ERC note and was recorded as other income.

On April 10, 2025, Redbud Roots Inc. (the “Named Plaintiff”) filed a complaint in the United States District Court for the Northern District of California against Shenzhen Smoore Technology Co. Ltd, Jupiter Research, LLC (“Jupiter”), 3Win Corporation, CB Solutions Inc. and Greenlane Holdings, Inc. (collectively, the “Defendants”). Jupiter is a wholly owned subsidiary of the Company. In the complaint, the Named Plaintiff alleges, on behalf of a class of similarly-situated plaintiffs, that the Defendants violated federal antitrust statutes through the sale and distribution of closed cannabis oil vaporizing systems.