The race for cannabis companies to expand operations in California continues this week, with TILT Holdings Inc. (CSE: TILT; OTCQB: SVVTF) looking to take the lead through an expansion of services via Blackbird Holdings Corp.
TILT focuses on business-to-business operations by providing software applications, product packaging, and branding for other cannabis entities such as Blackbird.
Through the partnership with TILT, Blackbird will now broaden operations from primarily offering wholesale delivery for dispensary customers to on-demand delivery available directly to end consumers in California.
The expansion is taking place through Blackbird’s web portal, which allows medical patients or adult recreational customers to pre-order upcoming products, or order existing products for pick up or same-day delivery.
As part of the expansion, vaporizers from Blackbird’s subsidiary Jupiter Research LLC will also be available on a 24- hour fulfillment basis for both dispensaries and end consumers.
TILT CEO Alex Coleman had this to say about Blackbird’s ongoing distribution and logistics development:
While legalization efforts are underway in a variety of states, California remains a major priority for U.S. cannabis companies at the moment due to a large built-in customer base where recreational sales have been legalized.
MedMen Enterprises Inc. (CSE: MMEN; OTCQX: MMNFF) just added an additional California presence by acquiring Sugarleaf Trading Co., while Cresco Labs Inc. (CSE: CL; OTCQX: CRLBF) is looking to corner a major portion of the market with a proposed $1.1 billion buyout of Origin House.
Other major names in Cannabis have made inroads with additional California acquisitions in recent weeks, with Acreage Holdings, Inc. (CSE: ACRG.U; OTC: ACRGF) acquiring Kanna Inc. For $11.5 million. Kanna was one of just a small handful of cannabis business granted a retail license via random lottery in Oakland.
In other recent company news, TILT officially began trading on the OTCQB Venture Market in mid-March, increasing access to new investors.
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