TILT Holdings Inc.: debt financing — TILT Holdings receives default notices from IIP for $4.13M in unpaid rent; obtains forbearance

TILT Holdings Inc.

Received default notices from IIP subsidiaries for two properties; unpaid rent totals ~$4.13M.
Deadline to cure defaults was April 4, 2025; landlord threatened lease termination and legal proceedings.
Company made April rent payments and received forbearance from termination and eviction.
Negotiations ongoing to resolve outstanding amounts and secure favorable terms.

item 2.04 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TILT Holdings Inc. reported a default on lease obligation of $2,996,786.42 with IIP-MA 8 LLC.

Instrument: lease obligation
Principal: $2,996,786.42
Counterparty: IIP-MA 8 LLC
Event: default

Exact text from the filing

(the “Company”) received notices of default from IIP-PA 9 LLC and IIP-MA 8 LLC, the landlords for properties located at 411 Susquehanna Street, White Haven, PA, and 30 Mozzone Street, Taunton, MA, respectively, and each subsidiaries of Innovative Industrial Properties Inc (collectively, the “Landlord”).

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TILT Holdings Inc. reported a default on lease obligation of $1,130,592.57 with IIP-PA 9 LLC.

Instrument: lease obligation
Principal: $1,130,592.57
Counterparty: IIP-PA 9 LLC
Event: default

Exact text from the filing

(the “Company”) received notices of default from IIP-PA 9 LLC and IIP-MA 8 LLC, the landlords for properties located at 411 Susquehanna Street, White Haven, PA, and 30 Mozzone Street, Taunton, MA, respectively, and each subsidiaries of Innovative Industrial Properties Inc (collectively, the “Landlord”).

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Source: SEC EDGAR

accession 0001558370-25-004405

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