The New Year brought a shortened trading week. The deal flow didn’t stop, with recently-public TILT Holdings Inc
SVVTF 4.34% announcing the acquisition of vaporization company Jupiter Research for $210 million.
Joel Milton, SVP of software and services at TILT told Benzinga, “We are building a company that is at the center of the cannabis ecosystem, and Jupiter allows us to provide the best inhalation technology to the fastest growing segment of consumers. We were so impressed with Mark and the Jupiter team from day one and we’re excited about the synergies between their business and the TILT portfolio”
Debra Borchardt, CEO of Green Market Report said: “Bigger well-funded players will be competing with each other for the strong companies to acquire. The question is whether this race will cause some companies to overpay to acquire asset. I expect so and the companies they refuse to over pay could find themselves caught short. No doubt this will be an exciting year.”