Jupiter’s proprietary inhalation technology continues rapid growth
with the integration of Baker and Blackbird software and services
CAMBRIDGE, Mass.–(BUSINESS WIRE)–
TILT Holdings Inc. (“TILT” or the “Company”) (“TILT”) (CSE: TILT)
(OTCQB: SVVTF), a leading provider of products and services to
businesses operating in the cannabis industry, today announced that
Jupiter Research, LLC (“Jupiter”), a leader in inhalation and
vaporization technology and wholly owned subsidiary of TILT, has further
expanded distribution of its proprietary, high-performance technologies
in California through its integration with TILT’s software and supply
chain services. The expansion allows Jupiter to establish a physical
presence with increased geographic reach throughout California, enabling
TILT to develop stronger customer relationships and deliver Jupiter
products to B2B customers more quickly than ever before.
TILT acquired Jupiter in early 2019 to further expand its technology
ecosystem and B2B reach across the supply chain. Through this
acquisition, Jupiter has accelerated its growth with additional
distribution opportunities leveraging TILT’s software, logistics and
supply chain services provided by Blackbird Logistics (“Blackbird”) and
Baker Technologies, Inc. (“Baker”). The integration of TILT’s operations
and software solutions, combined with its robust distribution services
allows Jupiter to provide support to its more than 640 customers in
California with just-in-time inventory fulfillment and services.
“At TILT our vision is to help cannabis businesses better serve their
customers and patients by providing them the tools to communicate,
operate, and scale with a greater degree of efficiency,” said Alex
Coleman, Chief Executive Officer of TILT Holdings. “Through Jupiter’s
expansion with Blackbird and Baker, Jupiter customers benefit from
partnered solutions and shared expertise pivotal for success in the
global cannabis economy. The continued integration of our businesses is
driving cross-selling opportunities that deliver more value to our
customers and increased revenue opportunities for TILT.”
As more and more consumers prefer inhalation devices, Jupiter is an
industry leader in vaporization technologies. Jupiter produces power
supplies and cartridges specifically designed for cannabis oil in the
market today, featuring Jupiter’s proprietary ceramic CCELL technology.
Jupiter’s team has decades of combined experience in vaporization
partners with more than 800 brands and cannabis retailers across the
United States (“U.S.”), Canada, Israel and the E.U.
About TILT
TILT is a leading provider of products and services to businesses
operating in the cannabis industry. The Company offers the contract
manufacturing of marijuana in a variety of form factors, vaporizer and
inhalation devices, business and consumer delivery services and a broad
suite of software products for over 1,500 retailers and brands
throughout the U.S., Canada and Europe. The majority of TILT’s products
are customized to client specifications and branding, all enabling them
to operate their businesses more efficiently and connect with their
customers more effectively. The Company is organized in two main
business units, Software & Services and Consumer Devices & Packaged
Goods, designed to augment competencies across the organization in
research, manufacturing, packaging and technology to deliver end-to-end
services and customer solutions. All of TILT’s products are supported by
an extensive research process led by scientists and engineers, using
data analytics and discovery to produce new products helping shape the
industry. Headquartered in Cambridge, MA, with offices throughout the
U.S., Toronto and London, TILT has over 500 employees and has sales in
40 U.S. states, Canada and Europe. For more information, please visit www.tiltholdings.com.
Forward-Looking Information
This news release contains forward-looking information based on
current expectations. Forward-looking information is provided for the
purpose of presenting information about management’s current
expectations and plans relating to the future and readers are cautioned
that such statements may not be appropriate for other purposes. Forward
looking information may include, without limitation, statements relating
to the accelerated growth and expansion of Jupiter’s business, the
opinions or beliefs of management, prospects, opportunities, priorities,
targets, goals, ongoing objectives, milestones, strategies and outlook
of TILT, and includes statements about, among other things, future
developments, the future operations, strengths and strategy of TILT.
Generally, forward looking information can be identified by the use of
forward looking terminology such as “plans”, “expects” or “does not
expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”, or
variations of such words and phrases or state that certain actions,
events or results “may”, “could”, “would”, “might”, “will”, “will be
taken”, “occur” or “be achieved”. These statements should not be read as
guarantees of future performance or results. These statements are based
upon certain material factors, assumptions and analyses that were
applied in drawing a conclusion or making a forecast or projection,
including TILT’s experience and perceptions of historical trends,
current conditions and expected future developments, as well as other
factors that are believed to be reasonable in the circumstances.
Although such statements are based on management’s reasonable
assumptions at the date such statements are made, there can be no
assurance that they it be completed on the terms described above and
that such forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such forward-looking information. Accordingly, readers
should not place undue reliance on the forward-looking information. TILT
assumes no responsibility to update or revise forward-looking
information to reflect new events or circumstances unless required by
applicable law.
By its nature, forward-looking information is subject to risks and
uncertainties, and there are a variety of material factors, many of
which are beyond the control of TILT, and that may cause actual outcomes
to differ materially from those discussed in the forward-looking
statements.
The CSE has neither approved nor disapproved the contents of this
news release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190422005321/en/
Joel Milton
SVP of Business Development
Phone: (303) 872-7255
Investor Contact:
Scott Van Winkle
ICR
Phone:
617-956-6736
investors@tiltholdings.com
Media Contact:
Cory Ziskind
ICR
Phone: 646-277-1232
tiltholdings@icrinc.com
Source: TILT Holdings Inc.
Released April 22, 2019