Farella Braun + Martel Advises Cannabis Distributor Blackbird Holdings Corp. in Sale to TILT Holdings Inc. for $50 Million
SAN FRANCISCO (January 29, 2019): Farella Braun + Martel represented Blackbird Holdings Corp., a distribution company providing operations and software solutions that facilitate the movement of cannabis products at each touchpoint within the supply chain, in its sale to TILT Holdings Inc. (CSE:TILT), a vertically-integrated technology and infrastructure cannabis company serving more than a third of dispensaries across the US and Canada.
The closing of the approximately US$50 million deal was announced by TILT on Jan. 16. TILT’s announcement can be found here.
Blackbird supports 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. Blackbird’s consumer marketplace for cannabis delivery and pick-up called BlackbirdGo, currently operational in Nevada and California, connects dispensaries with access to more than 95,000 legal consumers.
Farella Braun + Martel LLP is a leading Northern California law firm representing corporate and private clients in sophisticated business transactions and complex commercial, civil and criminal litigation. Clients like our imaginative legal solutions and the dynamism and intellectual creativity of our lawyers. The attorneys in each practice group work cohesively in interdisciplinary teams to advance the clients’ objectives in the most effective, coordinated and efficient manner. Founded in 1962, we are headquartered in San Francisco and maintain an office in the Napa Valley that is focused on the wine industry.