M&A Deal Summary

TILT Holdings Acquires Blackbird Logistics

On December 6, 2018, TILT Holdings acquired software company Blackbird Logistics

Acquisition Highlights
  • This is TILT Holdings’ 1st transaction in the Software sector.
  • This is TILT Holdings’ 2nd transaction in the United States.
  • This is TILT Holdings’ 2nd transaction in Nevada.

M&A Deal Summary
Date 2018-12-06
Target Blackbird Logistics
Sector Software
Buyer(s) TILT Holdings
Deal Type Add-on Acquisition

Target

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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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 2 of 3
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Nevada) 2 of 2
Country (United States) 2 of 3
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-15 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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-03 Jupiter Research

Phoenix, Arizona, United States

Jupiter Research LLC is a producer of power supplies and cartridges specifically designed for cannabis oil in the market today, featuring exclusively ceramic CCELL technology. Jupiter Research was founded in 2015 and is based in Phoenix, Arizona.

Buy $210M
Mergr

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