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TILT Holdings closes $210M acquisition of vaporization technologies manufacturer

TILT Holdings Inc. has closed an acquisition of Jupiter Research LLC, a manufacturer of vaporization technologies, for $210 million in cash plus shares.

Cambridge, Mass.-based TILT Holdings paid $70 million in cash and issued 56,116,723 of its shares to acquire Jupiter Research, which is a wholly owned subsidiary of JUPR Holdings Inc. Jupiter produces power supplies and cartridges specifically designed for cannabis oil and booked orders worth $105 million in 2018.

TILT Holdings provides software, infrastructure and capital support to cannabis retailers.