Tilt Holdings, a Massachusetts company specializing in cannabis technology, cultivation and support solutions, agreed to acquire Jupiter Research, a Phoenix-based vaporization technology business, for $210 million.
Founded in 2015, Jupiter produces power supplies and cartridges specifically for cannabis oil. The company partners with more than 700 brands in the United States, Canada, the European Union and Israel.
Jupiter generated about $77 million in revenue in 2018.
Tilt’s portfolio of companies already includes two medical cannabis cultivation businesses – Standard Farms, a multistate U.S. operator, and Sante Veritas Holdings, a licensed producer in Canada.
Tilt’s other holdings include:
- Baker Technologies, a customer analytics software company targeting retail stores.
- Blackbird, a distribution services and software firm.
- Briteside, a company that provides prefabricated modular construction services for grow facilities.
- Sea Hunter Therapeutics, a capital and consulting company.
What's next for infused products? Manufacturers must cater to demand for CBD, rapid onset and microdosing to stay ahead.
This is an ever growing industry that will continue its expansion even further in nyc.