TILT
TILT Holdings was a vertically integrated cannabis platform operating Jupiter Research, a B2B vaporization hardware manufacturer, alongside multi-state cannabis operations in Massachusetts, Ohio, and Pennsylvania. The company entered CCAA restructuring and was delisted in November 2025.
- Company typePublic
- Founded2012
- HeadquartersBoston, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What TILT does
TILT Holdings Inc. is a vertically integrated cannabis technology and infrastructure platform historically operating across two segments: ancillary vaporization hardware and plant-touching multi-state cannabis operations. The company was incorporated in British Columbia, Canada, headquartered in Scottsdale, Arizona, and publicly listed on Cboe Canada (TILT) and OTC Markets (TLLTF) until trading was suspended on November 7, 2025 and shares were delisted on November 18, 2025 following CCAA proceedings.
The company's core product business is Jupiter Research LLC, a wholly-owned subsidiary focused on vaporization hardware design, research, development, and manufacturing. Jupiter services cannabis brands and retailers across North America, South America, Israel, and the European Union under a B2B hardware sales model, and in October 2025 received EU medical device certification (EU MDR) for Europe's first handheld liquid inhalation device. TILT's plant-touching operations comprised Commonwealth Alternative Care in Massachusetts, Standard Farms Ohio, and Standard Farms LLC (Pennsylvania permit holder); the Massachusetts retail operations were divested in 2025 as part of a strategic review.
TILT's revenue model combines B2B hardware sales (Jupiter Research) with cannabis cultivation, manufacturing, processing, and retail. Following two years of negative EBITDA, declining revenue, and accumulated losses, the company entered CCAA restructuring in November 2025, secured a $2.0M Bridge Notes facility from existing senior secured noteholders, and is pursuing a plan to cancel existing equity and emerge as a privately held, debt-holder-owned company. PricewaterhouseCoopers serves as Monitor, and the founder of Jupiter Research has returned full-time to lead the core hardware business.
TILT firmographics
Firmographics- Name
- TILT
- Legal name
- TILT Holdings Inc.
- Website
- https://tiltholdings.com
- Company type
- Public
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- TILT Holdings was a vertically integrated cannabis platform operating Jupiter Research, a B2B vaporization hardware manufacturer, alongside multi-state cannabis operations in Massachusetts, Ohio, and Pennsylvania. The company entered CCAA restructuring and was delisted in November 2025.
- Ownership category
- akta.pro rank
TILT industry classification
Industry- Product category
- Cannabis Vaporization Hardware
- NAICS
- Management of Companies and Enterprises (5511), Management of Companies and Enterprises (55)
- SIC
- Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122), Retail-Drug Stores And Proprietary Stores (5912), Medicinal Chemicals & Botanical Products (2833)
- akta.pro primary industry
- Cannabis Accessories & Ancillary Products Wholesale (Vapes, Packaging, Hardware) (CRAOAIAH)
- akta.pro secondary industries
- Cannabis Accessories & Smoke Shops (Pipes, Papers, Grinders) (CRANAHAG), CBD/Hemp Specialty Stores (Tinctures, Oils, Edibles) (CRANAHAA)
Keywords
Where TILT is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
TILT business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales
Revenue model
- Vaporization Hardware (Jupiter Research): Jupiter Research generates revenue through the design, development, manufacturing, and sale of vaporization hardware to cannabis brands and retailers across North America, South America, Israel, and the EU. This is a B2B hardware sales model.
- Multi-State Cannabis Operations: Revenue from cannabis cultivation, manufacturing, processing, and retail operations across three states: Commonwealth Alternative Care in Massachusetts, Standard Farms Ohio in Ohio, and Standard Farms LLC permit holder in Pennsylvania.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
TILT product offering
Product offeringCore offering
TILT Holdings is a vertically-integrated cannabis platform operating through two main lines: (1) Jupiter Research, a wholly-owned subsidiary and market leader in vaporization hardware design, R&D, and manufacturing, which sells inhalation devices and hardware solutions to cannabis brands and retailers globally; and (2) multi-state plant-touching cannabis operations — Commonwealth Alternative Care (Massachusetts), Standard Farms Ohio, and Standard Farms LLC (Pennsylvania permit holder) — covering cultivation, manufacturing, processing, brand development, and retail.
Product overview
TILT Holdings is a combination of leading cannabis companies that delivers products and services to businesses operating in the cannabis industry. The company operates as a platform of distinct businesses: Jupiter Research serves as the core ancillary product business providing vaporization hardware design, development, and manufacturing; while Commonwealth Alternative Care (Massachusetts), Standard Farms Ohio (Ohio), and Standard Farms LLC (Pennsylvania) comprise the company's multi-state plant-touching cannabis operations covering cultivation, manufacturing, processing, and retail.
Differentiator
Problem solved
Functional benefit
Brands
- Jupiter Research: Market leader in the vaporization segment focused on hardware design, research, development, and manufacturing. Services brands and cannabis retailers across North America, South America, Israel, and the European Union.
- Standard Farms
- Commonwealth Alternative Care
Products and services
- Jupiter Research Vaporization Hardware Hardware design, research, development, and manufacturing of vaporization devices for cannabis brands and retailers. Jupiter Research services customers across North America, South America, Israel, and the European Union and holds EU MDR certification for a handheld liquid inhalation device.
- Standard Farms Medical Marijuana Cultivation & Production Medical marijuana cultivation and production operations combining cutting-edge science with cultivation practices. Operates in Ohio (Standard Farms Ohio, LLC) and Pennsylvania (Standard Farms LLC, permit holder of record), targeting natural-quality medical marijuana production.
- Commonwealth Alternative Care (Massachusetts) Multi-state cannabis business operations in Massachusetts covering cultivation, manufacturing, and retail. Sold during TILT's 2025 strategic review process.
Companies that use TILT
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
TILT technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
TILT partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- PricewaterhouseCoopers (Monitor)corePricewaterhouseCoopers was appointed to serve as Monitor during the CCAA restructuring process, providing oversight under Court supervision.
Scale indicators6 records
Recent moves9 records
Expansion highlights5 records
TILT competitors and assessment
Company assessmentBroad incumbents
- Curaleaf Holdings: Curaleaf is one of the largest U.S. multi-state cannabis operators with cultivation, processing, and retail across dozens of states. It is comparable to TILT's plant-touching business in scale and vertical integration, though it does not have a vaporization hardware business.
- Green Thumb Industries: Green Thumb Industries (GTI) is a national cannabis consumer packaged goods company and multi-state operator. It is comparable to TILT's plant-touching operations in vertical integration and brand portfolio approach, but operates in substantially more states.
- Trulieve Cannabis: Trulieve is a major U.S. multi-state cannabis operator with strong cultivation, retail, and brand portfolio. It is comparable to TILT's multi-state operator business in operating model and customer base, though materially larger in scale and asset base.
- Cresco Labs: Cresco Labs is a vertically integrated multi-state cannabis operator with cultivation, manufacturing, and retail across multiple U.S. states. It is comparable to TILT's cannabis operations in vertical integration strategy and geographic footprint.
Direct peers
- iAnthus Capital Holdings: iAnthus is a multi-state cannabis operator that similarly underwent financial restructuring, providing a comparable case study in distressed cannabis platforms. It is relevant as a peer that has navigated the combination of multi-state operations, capital structure stress, and operational consolidation.
- CCELL (Smoore Technology): CCELL, a brand of Shenzhen Smoore Technology, is one of the world's largest vaporization hardware manufacturers serving the cannabis industry with cartridges, batteries, and disposable devices. It directly competes with Jupiter Research on hardware supply to cannabis brands at greater scale.
- Storz & Bickel: Storz & Bickel, acquired by Canopy Growth, manufactures premium medical-grade vaporizers (Volcano, Mighty) and holds medical device certifications in multiple jurisdictions. It is comparable to Jupiter Research in the EU medical vaporizer category, particularly relevant given Jupiter's recent MDR certification.
- Grenco Science: Grenco Science (G Pen) is a vaporization hardware brand serving cannabis consumers and brands with portable devices and accessories. It competes with Jupiter Research in the brand-side vape hardware category, particularly for value-tier and lifestyle-positioned products.
- PAX Labs: PAX Labs is a leading designer and manufacturer of premium cannabis vaporization hardware, selling directly to consumers and cannabis brands. It is the most direct competitor to Jupiter Research in the B2B vape hardware segment, with overlapping brand customers and similar technology focus.
Emerging players
- DaVinci Tech: DaVinci manufactures premium portable vaporizers for dry herb and concentrates, positioned in the higher-end cannabis hardware segment. It is comparable to Jupiter Research in vaporizer technology and target market, though smaller in scale and more consumer-direct.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
TILT social profiles
Digital presenceTILT compliance and trust
Trust signalCompliance1 record
TILT financial estimates
Financial estimateRevenue estimate
Valuation estimate
TILT leadership team
Management profileNumber of profiles
Profiles5 records
TILT subsidiaries and ownership
Company hierarchySubsidiaries4 records
TILT funding detail
Funding detailFunding overview
Funding rounds4 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TILT M&A and investment
M&A and investmentM&A5 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TILT
What does TILT do?
TILT Holdings is a vertically-integrated cannabis platform operating through two main lines: (1) Jupiter Research, a wholly-owned subsidiary and market leader in vaporization hardware design, R&D, and manufacturing, which sells inhalation devices and hardware solutions to cannabis brands and retailers globally; and (2) multi-state plant-touching cannabis operations — Commonwealth Alternative Care (Massachusetts), Standard Farms Ohio, and Standard Farms LLC (Pennsylvania permit holder) — covering cultivation, manufacturing, processing, brand development, and retail.
Is TILT a public or private company?
TILT is a public company. It is classified as public and is currently operating.
When was TILT founded?
TILT was founded in 2012. It employs 101 to 250 people.
Where is TILT based?
TILT is headquartered in Boston, United States, in the North America region.
How does TILT make money?
Two revenue lines are on record. Vaporization Hardware (Jupiter Research) is the primary driver. The others are multi-State Cannabis Operations.
Who are TILT's main competitors?
Broad incumbents on record are Curaleaf Holdings, Green Thumb Industries, Trulieve Cannabis and Cresco Labs. Direct peers are iAnthus Capital Holdings, CCELL (Smoore Technology), Storz & Bickel, Grenco Science and PAX Labs. DaVinci Tech is listed as an emerging player.
Does TILT have an API?
No public API is recorded for TILT.
What industry is TILT in?
TILT's product category is Cannabis Vaporization Hardware. Its primary akta.pro industry code is CRAOAIAH, Cannabis Accessories & Ancillary Products Wholesale (Vapes, Packaging, Hardware), with a secondary code of CRANAHAG, Cannabis Accessories & Smoke Shops (Pipes, Papers, Grinders). Its NAICS code is 5511 and its SIC code is 5122.