When TILT Holdings and the Shinnecock Indian Nation finalized a partnership that would establish an adult-use cannabis enterprise on tribal territory on the eastern end of Long Island, New York, they were doing something truly unprecedented in the cannabis world.
Unlike many social equity partnerships where a multi-state operator provides funding and other considerations in exchanged for a percentage of the business – or, in some cases, an option to acquire the brand at a later date – TILT has no such assurances.
The partnership will launch Little Beach Harvest, a wholly owned subsidiary of Shinnecock Nation, while TILT will only collect fees for services rendered per their management services agreement.
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