[PRESS RELEASE] – NORWOOD, Mass., July 31, 2025 – MariMed Inc., a leading cannabis consumer packaged goods company and retailer, announced a strategic agreement with TILT Holdings that will expand the distribution of the company’s award-winning portfolio of medical marijuana products to Pennsylvania.
On July 30, 2025, Standard Farms LLC, a wholly owned subsidiary of TILT, entered into a management services agreement (MSA) with MariMed Advisors Inc., a Delaware corporation and wholly owned subsidiary of MariMed (the “manager”). Under the terms of the MSA, effective Sept. 1, 2025, MariMed will assume the day-to-day management of TILT’s Standard Farms cultivation and processing facility in White Haven, Pa. Standard Farms will remain the sole permit holder.
As manager, MariMed will provide comprehensive management services to Standard Farms, including oversight of budgeting, financial planning and compliance with applicable laws, and will maintain quality management programs. The manager will also be responsible for advising on accounting, managing business bank accounts, and ensuring compliance with tax and licensing requirements. In addition, Standard Farms intends to produce and distribute MariMed’s award-winning brands in Pennsylvania, the fifth most populous state in the country, pursuant to a licensing arrangement with MariMed.
Pursuant to the MSA, which has an initial term of four years, MariMed will receive a management fee of 12.5% of Standard Farm’s gross revenue.
“We are thrilled to bring our brands to consumers in the great state of Pennsylvania, a strong medical marijuana market that is likely to become the next cannabis adult-use market,” MariMed CEO Jon Levine said. “These agreements align with our ‘Expand the Brand’ strategy, a top priority initiative that is driving us toward becoming the leading consumer packaged goods company in medical marijuana. We will continue to identify opportunities to expand the distribution of our brands into new, high-growth markets and deeper in our existing markets.”
“We are excited to partner with the MariMed team and to support their expansion," TILT CEO Tim Conder said. "We are eager to work closely with MariMed through this MSA agreement, providing their trusted and high-quality branded products to medical marijuana patients throughout Pennsylvania. These brands lead in other markets, and we expect similar success here. Our team has done a tremendous job building a foundation of quality and trust with patients under the Standard Farms banner, and we expect this foundation to be the right launching pad for MariMed. We view this partnership as another positive step forward in the strategic review process we have been conducting over the past few quarters."
