TILT's New Partnership: This Time With the Shinnecock Indian NaTILT Holdings Inc. (NEO: TILT) (OTCQX:TLLTF), a global provider of cannabis business solutions including inhalation technologies, cultivation, manufacturing, processing, brand development and retail, has formed a new partnership with Little Beach Harvest, a brand-new cannabis business entirely owned by the Shinnecock Nation, a federally recognized Native American tribe living on their traditional lands on Long Island, N.Y.
The agreement aims to establish vertical cannabis operations on their aboriginal tribal territory in the Hamptons, informed Green Market Report.
The operations will take place on Shinnecock sovereign land and will include cannabis cultivation, processing, dispensary, and consumption lounge facilities. The dispensary and consumption lounge are set to open in early 2022.
“This is an exciting and momentous opportunity for our Nation,” said Chenae Bullock, member of the Shinnecock Nation and managing director of Little Beach Harvest.
“We are proud to help create an entry into the cannabis industry that will be impactful for the Shinnecock Nation,” added Gary Santo, CEO of TILT Holdings.
TLLTF trade ideas
Trade $TLLTF like an option, but it's a stockTilt Holdings ( TLLTF : www.tradingview.com ) is a marijuana stock that currently trades at a price similar to an option. I like to trade TD D-Waves 3 and 5 and it appears to me this stock is just now entering Wave 3 and with a bang. Retracement levels from the Wave 0 to the peak of Wave 1 suggested Wave 2 would end at about $.40 and sure it, the low was $.37 and the close was $.43. Current projection for Wave 3 is $.88 each at around mid-July if it's on time. The earnings report just released had some nice forward looking statements. It'll be interesting to see if this stock can exceed my projection.