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TILT Holdings appoints Tim Conder as permanent CEO, announces change of board chairperson

(Globe Newswire) Phoenix — TILT Holdings Inc., a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, today announced that Interim chief executive officer Tim Conder will transition to permanent CEO, effective as of today.

Mr. Conder has been a member of TILT’s board of directors since October 2019, served as the company’s president and chief operating officer from July 2019 until November 2020, and has served as Interim CEO since April 2023.

The company also announced Art Smuck has been appointed chair of the board, succeeding John Barravecchia, who will continue to serve as board member and chair of the audit committee. Mr. Smuck brings extensive experience with large cannabis brands and complex distribution operations to his new role.

“Tim has been instrumental in bringing financial discipline to TILT, and since being appointed Interim CEO, we believe he has already made significant headway in strengthening the company’s operations and financial position,” said TILT board chair, Art Smuck. “This includes implementing cost-cutting measures across the organization and making strategic shifts to the company’s business model and approach to brand partnerships. The board has every confidence in Tim’s leadership and ability to continue executing the Company’s refined business strategy and build a foundation for profitable growth in 2024 and beyond.”

Mr. Conder brings 15 years of experience operating innovative, high-performing teams in the technology, logistics and supply-chain sectors. Prior to TILT, Mr. Conder co-founded Blackbird Logistics, a technology and logistics provider in the cannabis space, in 2015, and most recently served as the president of the Blackbird business unit and chief technology officer at HERBL, Inc., a distributor and supply chain provider for cannabis.

“I am excited to continue leading TILT on a permanent basis and have been impressed with the team’s commitment to our strategic goals and refined plan,” said Tim Conder, CEO of TILT. “I look forward to working more closely with the board and leveraging my experience both within and outside of the cannabis sector to return TILT to growth and profitability as we seek to drive value creation for all of our stakeholders.”