Baker Technologies Inc. is a developer of software for marijuana businesses and is located in Denver, Colorado.
It was announced on Tuesday that the start up company has been scooped up into a four-way merger.
Baker will now be a key ingredient of Tilt Holdings Inc., a provider of an assortment of cannabis services, technologies and products.
Tilt’s founding companies also include: Briteside Holdings LLC, an Oregon-based marijuana delivery company; Sea Hunter, a Boston-based marijuana facilities operator and finance provider; and Sante Veritas Holdings Inc., a newly formed Toronto-based company that has submitted applications to be a licensed marijuana producer in Canada.
“Right now, there’s a massive opportunity — where the Canadian public markets have really high multiples of revenue (for cannabis firms),” stated co-founder and CEO of Baker, Joel Milton.
“We’re providing the technology and infrastructure that this industry needs,” he added.