TILT Holdings Completes Sale of Two Massachusetts Dispensaries to In Good Health

SCOTTSDALE, Ariz.- TILT Holdings Inc., a global provider of cannabis business solutions spanning inhalation technologies, cultivation, manufacturing, processing, brand development, and retail operations, has finalized the sale of two of its Massachusetts dispensaries to In Good Health.

The company confirmed the closing of the transaction, which was originally announced on February 3, 2025. As part of the deal, TILT and In Good Health entered into an amendment at closing that adjusted the purchase price to $1.75 million.

Details of the Transaction

The agreement includes the transfer of TILT’s Taunton dispensary to In Good Health, which will now operate the location going forward. The company’s Brockton dispensary, however, was shut down as part of the transaction.

Highgate Capital Partners acted as the broker for the deal, having been retained by TILT in connection with its ongoing strategic alternatives review.

Part of a Broader Strategic Alternatives Review

The divestiture of the two retail locations is consistent with TILT’s broader efforts to streamline operations and focus on core business verticals. The company has been exploring strategic alternatives in order to maximize shareholder value, improve operational efficiency, and adapt to evolving conditions within the U.S. cannabis industry.

TILT’s portfolio includes a range of business-to-business solutions, from proprietary inhalation technologies to product manufacturing and brand development. By reducing its retail footprint in Massachusetts, the company is signaling a shift in its long-term growth strategy.

In Good Health Expands Footprint

For In Good Health, the transaction represents an opportunity to expand retail operations in Massachusetts through the acquisition of the Taunton dispensary. The company already maintains a strong presence in the state’s cannabis market, and the addition of the new location further strengthens its reach in the region.

The closure of the Brockton dispensary streamlines the acquisition, allowing In Good Health to focus resources on a single, fully operating location.

Industry Context

The Massachusetts cannabis market has continued to mature since adult-use sales began in 2018. Despite steady consumer demand, operators face mounting financial pressures, including high tax rates, strict regulations, and increased competition.

In this environment, many companies are reassessing their retail strategies, with some consolidating operations or divesting non-core assets. TILT’s decision to sell two dispensaries is in line with broader trends across the cannabis industry, where companies are increasingly focused on profitability and sustainable growth rather than rapid expansion.

Looking Ahead

TILT Holdings has not yet disclosed additional details regarding its strategic alternatives review but indicated that the sale of its Massachusetts dispensaries is one step in a larger process. The company will continue to evaluate opportunities to strengthen its financial position and enhance long-term value for stakeholders.

Meanwhile, In Good Health’s acquisition of the Taunton store underscores the ongoing demand for prime retail locations in Massachusetts’ competitive cannabis market.