A new kind of cannabis company

Four companies merged to form TILT Holdings, the first U.S.-based vertically integrated infrastructure and technology company for the marijuana market.

TILT Holdings Inc. is emerging as the vertical integrated infrastructure and technology company for the cannabis business market.
TILT Holdings Inc. is emerging as the vertical integrated infrastructure and technology company for the cannabis business market.

The cannabis industry has been referred to as the wild west due to the fact that there are so many unknowns as well as a lack of consistency around regulations, partnerships and consumer preferences. This untamed territory is in constant motion, which changes the business landscape on a monthly, weekly and sometimes daily basis. And the businesses in this space are forced to make decisions on the fly every time an obstacle or opportunity enters their path.

At the same time, there’s a gold rush going on—as cannabis represents a lucrative new industry for small startups and large conglomerates alike.

In an effort to create some order out of the chaos, a newly formed Boston-based company, TILT Holdings Inc., has emerged as a vertically integrated infrastructure and technology cannabis company. Its B2B platform is designed to help this nascent industry grow with capital and other resources.

TILT was formed in November of 2018 from a merger of four companies: Baker Technologies Inc., Briteside Holdings LLC, Sea Hunter Therapeutics LLC and Santé Veritas Holdings Inc. The businesses—each of which has roots in the marijuana market—bring their own unique expertise to the mix. Baker provides CRM and analytics software for dispensaries, Briteside provides prefabricated modular construction for cultivation and production facilities, Sea Hunter Therapeutics is a source of capital and management expertise, and Santé Veritas is a licensed producer in Canada that has developed wholesale contracts.

Last week, the company began trading on the Canadian Securities Exchange (under the ticker symbol “TILT”), and at the same time announced acquisitions of Blackbird Holdings Corp., a cannabis distribution company, and Standard Farms LLC, a multi-state medical cannabis operator focused on greenhouse cultivation and CO2-based extraction.

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