TILT Holdings is a B2B solutions provider to the cannabis industry, with its core business being Jupiter Research, a distributor of cannabis vaporizer hardware and accessories. Jupiter sells and customizes vaporizer hardware primarily powered by CCELL technology — a ceramic heating element widely used in cannabis vapes — to cannabis brands, multi-state operators, and licensed producers across 40 U.S. states, Canada, South America, and the EU. Jupiter is one of only four licensed global distributors of CCELL technology, with its primary supplier being Smoore Technology, CCELL's parent. Jupiter's customers use the hardware to fill with their own cannabis extracts and sell to consumers. Jupiter adds value through product customization, packaging, proprietary industrial design, and supply chain expertise. Jupiter generates revenue by purchasing hardware from Smoore and reselling it at a markup, with profitability driven by unit volumes, product mix, shipping mode, and an increasingly commission-based model for large customers. TILT also operates a Cannabis division that cultivates and manufactures cannabis products in Massachusetts, Pennsylvania, and Ohio, but TILT is actively divesting all of these plant-touching assets to focus exclusively on Jupiter. The divestiture is intended to eliminate TILT's Section 280E federal tax burden, unlock mainstream financing options, and allow Jupiter to pursue growth in new markets, particularly the EU medical vaporizer market, where TILT is seeking medical device certification for two of its inhalation devices.