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

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

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

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

Below a four-company merger announced Tuesday, Baker will serve as a key component 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..

Released at Tue, 15 May 2018 21:04:54 +0000

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