World News: 13:00 GMT Tuesday 3rd December 2019. [TILT Holdings Inc. via Globe Newswire via SPi World News]
CAMBRIDGE, Mass., Dec. 03, 2019 (GLOBE NEWSWIRE) -- (“TILT” or the “Company”) (CSE: TILT) (OTCQB: TLLTF), a foundational technology cannabis platform comprised of assets to support brands worldwide, announced today that its subsidiary Jupiter Research, LLC (“Jupiter”) and Convectium Jacksam Corporation (OTCQB: JKSM) (“Convectium”), an automation solutions company providing machines and equipment to legalized and licensed CBD and THC companies, have signed a memorandum of understanding to create an exclusive proprietary cartridge and POD pre-racking solution, allowing producers and extractors to scale to meet rapidly increasing demand.
Jupiter is a leading inhalation technology company, now exclusively providing CCELL pre-rack cartridges, disposables and PODS for use with Convectium filling and capping equipment. Automation allows concentrate producers to scale quickly and profitably while reducing costs, risk and waste. Jupiter and Convectium’s pre-rack solution helps businesses compete effectively in cannabis and CBD extracts, a crucial segment of the rapidly growing industry in the United States.
“Existing competitors don’t offer pre-racked inhalation devices or the breadth, speed and cost advantages of Convectium’s fully automated solution. We are excited to be at the forefront of innovation with them to bring newer and more efficient tools to the cannabis industry through this relationship,” said Mark Scatterday, interim CEO of TILT. “CCELL and Jupiter continue to be the leading technology in the cannabis and CBD space, now with a scalable pre-rack solution to meet our customers' rapidly increasing demand.”
The Ultimate Automation Solution includes pre-racked Jupiter CCell cartridge trays and Convectium’s filling and capping machines, allowing cannabis and CBD producers and extractors to save time and money through automatic filling and capping.
“Automation is the rocket fuel to propel next-gen cannabis and CBD brands to stratospheric levels,” said Convectium CEO Mark Adams. “The legal cannabis industry is wide open for disruption and the future will be built on ground-breaking opportunities like this that deliver new solutions for scale, reliability, speed, and profitability.”
Cannabis and CBD oil producers and extractors can pre-order the pre-rack solution by contacting either Jupiter or Convectium.
Globe Newswire: 13:00 GMT Tuesday 3rd December 2019
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