M&A Deal Summary

TILT Holdings Acquires Baker Technologies

On May 15, 2018, TILT Holdings acquired information technology company Baker Technologies

Acquisition Highlights
  • This is TILT Holdings’ 1st transaction in the Information Technology sector.
  • This is TILT Holdings’ 1st transaction in the United States.
  • This is TILT Holdings’ 1st transaction in Nevada.

M&A Deal Summary
Date 2018-05-15
Target Baker Technologies
Sector Information Technology
Buyer(s) TILT Holdings
Deal Type Add-on Acquisition

Target

Baker Technologies

Reno, Nevada, United States
Baker Technologies, Inc. is a provider of CRM solutions for the cannabis industry, servicing more than 800 dispensaries across the US and Canada. Baker helps dispensaries generate more revenue and build relationships with their customers through a variety of products featuring online ordering, customer loyalty, messaging, and analytics. Baker Technologies was founded in 2014 and is based in Reno, Nevada.

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Buyer(S) 1

Buyer

TILT Holdings

Phoenix, Arizona, United States
Category Company
Founded 2018
Sector Consumer Products
Employees341
Revenue 166M USD (2023)
DESCRIPTION

TILT Holdings is a vertically integrated infrastructure and technology cannabis company. Through a portfolio of companies providing technology, hardware, cultivation and production, TILT services brands and cannabis retailers across 40 states in the U.S., as well as Canada, Israel, South America, and the European Union. TILT Holdings was founded in 2017 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 1 of 3
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Nevada) 1 of 2
Country (United States) 1 of 3
Year (2018) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 Blackbird Logistics

Reno, Nevada, United States

Blackbird Logistics Corp. is a software and operations company servicing the cannabis industry. The company offers inventory control/management, inventory transfers, and tracking, and licensed distribution throughout Nevada and California. For retailers, Blackbird provides a system to manage inventory, facilitate e-commerce transactions, and last mile fulfillment.

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