TILT Holdings Acquires Jupiter Research

January 3, 2019

TILT Holdings Inc. agreed to acquire Jupiter Research, a vaporization and inhalation hardware company, in a US$210 million transaction (US$70M cash and shares) under a definitive agreement signed January 2, 2019. The deal is intended to expand TILT’s hardware offerings and technology ecosystem for the cannabis supply chain; Jupiter is a 2015-founded vaporizer hardware maker serving 700+ brands with reported ~US$77M 2018 revenue and US$28M in booked orders going into Q1.

Buyers
TILT Holdings Inc.
Targets
Jupiter Research
Industry
Manufacturing
Location
Arizona, United States
Transaction Type
Buyout

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