TILT Holdings Acquires Cannabis Distributor BlackBird for $50 Million – New Cannabis Ventures

TILT Acquires Cannabis Distribution Startup Blackbird and Medical Cannabis Operator Standard Farms

Latest acquisitions expand TILT’s cultivation, logistics and supply chain capabilities serving the cannabis industry

BOSTON, December 06, 2018–(BUSINESS WIRE)–TILT Holdings Inc. (“TILT” or the “Company”) (CSE:TILT), a vertically-integrated infrastructure and technology platform serving the cannabis industry, announced it has acquired two leading cannabis companies to expand its capabilities in the cultivation and logistics spaces. TILT has acquired Blackbird Holdings Corp. (“Blackbird”), a distribution company providing logistics operations and software solutions for each touchpoint in the cannabis supply chain. This announcement is the latest in a series of moves to expand TILT’s offerings for cannabis businesses and consumers. Today, TILT officially began trading on the Canadian Securities Exchange under the ticker symbol “TILT”.

The Blackbird acquisition represents a major expansion of our operations and delivery capabilities for cannabis businesses. Blackbird has built out an incredible offering of solutions focused on distribution and last-mile, direct-to-consumer delivery as well as software for wholesale and retail inventory management. That is an important element of our portfolio and we’re happy to welcome Blackbird to the TILT family.

Alex Coleman, CEO of TILT

Blackbird works with more than 250 wholesale and retail cannabis operators in Nevada and California to transport an average of $30 million in wholesale cannabis products every 30 days. With involvement in 95% of the cannabis sold in Nevada, Blackbird plans to expand its capabilities in Massachusetts, Arizona and California. In addition to back-end delivery and operations solutions for cannabis dispensaries, Blackbird also includes a consumer marketplace for cannabis delivery and pick-up called BlackbirdGo. The marketplace, which is currently operational in California, connects dispensaries and brands with access to more than 95,000 legal consumers.

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