trending Market Intelligence /marketintelligence/en/news-insights/trending/_br9jFP-udTTNPixQjkq2w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

TILT acquiring 2 cannabis companies to expand cultivation, logistics

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


TILT acquiring 2 cannabis companies to expand cultivation, logistics

TILT Holdings Inc. will acquire two cannabis companies, called Blackbird Holdings Corp. and Standard Farms, to expand its capabilities in cultivation and logistics.

The acquisition of distribution company Blackbird is being made for US$5 million in cash and US$45 million in securities. TILT will issue compressed shares in the transaction at C$525, where a compressed share is convertible into 100 common shares at C$5.25 apiece. The outside date for the completion of the acquisition is Jan. 31, 2019.

TILT CEO Alex Coleman said in the company's Dec. 6 press release that the acquisition offers capabilities of direct-to-consumer delivery as well as software for wholesale and retail inventory management.

West Palm Beach, Fla.-based TILT said the acquisition of Standard Farms is for US$12 million in cash and US$28 million in securities, subject to reallocation of up to US$5 million from cash to securities. Standard Farms is a multistate medical cannabis operator focused on greenhouse cultivation and CO2 extraction. The outside date for the completion of the acquisition is March 31, 2019.

Separately, shares of TILT began trading on the Canadian Securities Exchange under the ticker symbol TILT on Dec. 6.

TILT, formed in November, is an infrastructure and technology cannabis company. It was formed as a result of a merger between cannabis companies Sea Hunter Therapeutics LLC, Briteside Holdings LLC, Baker Technologies Inc. and Santé Veritas Holdings Inc.