M&A Deal Summary

TILT Holdings Acquires Jupiter Research

On January 3, 2019, TILT Holdings acquired manufacturer Jupiter Research for 210M USD

Acquisition Highlights
  • This is TILT Holdings’ 1st transaction in the Manufacturing sector.
  • This is TILT Holdings’ largest (disclosed) transaction.
  • This is TILT Holdings’ 3rd transaction in the United States.
  • This is TILT Holdings’ 1st transaction in Arizona.

M&A Deal Summary
Date 2019-01-03
Target Jupiter Research
Sector Manufacturing
Buyer(s) TILT Holdings
Deal Type Add-on Acquisition
Deal Value 210M USD

Target

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.

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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 3 of 3
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Arizona) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS 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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