Denver marijuana tech firm Baker gets scooped up in four-way merger, with IPO planned

Baker Technologies Inc., a Denver-based developer of software for cannabis businesses, has drafted a seemingly simple recipe for success: strength in numbers.

The startup that started out with desires of being a consolidator — acquiring and integrating other cannabis-centric technology firms — will itself be folded into a larger firm.

Under a four-company merger announced Tuesday, Baker will serve as a key ingredient of Tilt Holdings Inc., a newly formed provider of an assortment of cannabis services, technologies and products to feed the mushrooming multibillion-dollar global cannabis industry. The four-way merger is another deal in a wave of cannabis industry consolidation and comes on the heels of Monday’s giant $ 2.2 billion merger of Canadian marijuana firms Aurora Cannabis Inc. and MedReleaf Corp.

Read the rest of this story on DenverPost.com.

The Cannabist



Denver marijuana tech firm Baker gets scooped up in four-way merger, with IPO planned
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