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Great things are only getting better in the world of legalized cannabis, and particularly for TILT Holdings Inc. (CSE:TILT, OTC:SVVTF), which we sent out an alert on when well-known analyst Cannacord Genuity set their price target for TILT to C$6.00 on December 18. That was a very bullish call considering TILT’s price of C$2.25 at the time.

We’d been watching TILT Holdings, a vertically integrated technology and infrastructure cannabis company, for a while and knew that this was the time to make a move on the stock. As it turns out, it was a perfectly timed call for Cannacord Genuity as well as for our loyal readers, who profited handsomely when TILT quickly shot up to C$3.75:

Courtesy: barchart.com

Of course, with a price target of C$6.00, there’s much more room to grow, and smart investors are still accumulating shares on the way up. But the good news doesn’t end there, as Cannacord Genuity just raised their price target for TILT shares from C$6.00 to C$7.00 – a 16% increase and a massive vote of confidence for TILT Holdings.

A professional analyst and researcher like Cannacord Genuity doesn’t revise a price target without a good reason, and there’s a very compelling reason for the TILT price target increase. You see, it was just announced that TILT Holdings has entered into a definitive agreement to acquire Jupiter Research, a leading vape hardware supplier.

The timing just couldn’t be any better, as the vape market is absolutely on a tear right now. It’s a global phenomenon, with the number of adult vapers growing exponentially year after year:

Courtesy: Euromonitor International, bbc.com

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… and the growth in the global vaping product market projected to continue on its steep trajectory:

Courtesy: Euromonitor International, bbc.com

With the Jupiter Research acquisition, TILT is gaining meaningful exposure to this expanding vape market: in fact, Jupiter is one of only four CCELL distributors in the U.S. and is likely the largest. A patented technology designed to replace conventional wick-based coil heating systems, CCELL promotes a more satisfying consumption experience and reduces the risk of product failure.

As a leader in its niche, Jupiter Research has been expanding right along with the vape industry, having generated approximately $77 million in revenues in 2018 (though Cannacord Genuity believes the run rate was actually closer to $200 million exiting the year). Furthermore, Cannacord has stated that they remain comfortable modeling Jupiter Research’s revenues at $200 million in 2019 and $300 million in 2020.

According to the proposed terms of the agreement, TILT Holdings will acquire Jupiter Research for $210 million in total consideration ($70 million in cash plus $140 million in stock). The deal is expected to close before January 31, though Cannacord believes that the closing may occur earlier than that.

We fully concur with Cannacord’s assessment of the Jupiter Research acquisition as a potent catalyst for TILT Holdings as well as for TILT stock shares. We believe that the acquisition represents a quantum leap forward for a cannabis company seeking to augment its already substantial assets in the areas of cultivation/production, brands, software, and distribution.

Future Money Trends is proud to bring you this exciting news for TILT Holdings Inc. – and we’re equally proud of the gains we’ve seen in shares of TILT/SVVTF, which we expect to continue throughout 2019.

Best Regards,

Daniel Ameduri
President, FutureMoneyTrends.com

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