---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-059019"
form_type: "8-K"
ticker: null
cik: "0001761510"
company_name: "TILT Holdings Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:37:23.788731+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# TILT subsidiary Standard Farms secures up to $10.5M loan to build three PA dispensaries

## Summary
- Secured Promissory Note allows borrowings up to $10.5M from an experienced retailer and operator.
- Proceeds will construct and operate up to three medical marijuana dispensaries in Pennsylvania.
- Note matures Dec 31, 2027; interest escalates from 20% to 30% on first sale, then to 40% after six months.
- No principal or interest payments due before maturity; prepayment requires lender consent.
- Loan is secured by first-priority retail assets and second-priority equity interest in Standard Farms; parent guarantee provided.

## SEC filing metadata
- accession: 0001104659-24-059019
- form_type: 8-K
- cik: 0001761510
- company_name: TILT Holdings Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1761510/000110465924059019/0001104659-24-059019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1761510/000110465924059019/tm2413960d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-059019
- JSON: https://secwatch.observer/filing/0001104659-24-059019.json
- Plain text: https://secwatch.observer/filing/0001104659-24-059019.txt

## Key facts
- Material Agreements
  TILT Holdings Inc. entered into Secured Promissory Note with a third party experienced retailer and operator (the "Lender") valued at up to $10,500,000 (effective 2024-05-02).
  - Action: entry
  - Counterparty: a third party experienced retailer and operator (the "Lender")
  - Value: up to $10,500,000
  - Effective: 2024-05-02
  source text: On May 2, 2024, Standard Farms LLC, a Pennsylvania limited liability corporation (“Standard Farms”) and a subsidiary of TILT Holdings Inc., entered into a Secured Promissory Note (the “Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1761510/000110465924059019/0001104659-24-059019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.