A tincture and oil preparation apparatus that facilitates an automated method of manufacturing an herbal oil or tincture. The tincture and oil preparation apparatus includes a first container and a second container wherein the second container is suspendedly mounted within the first container. The first container includes a heating element, a control panel and a display screen. The control panel provides the ability to input cooking parameters for manufacturing of tinctures or oils. The cooking parameters include agitator speed, time and temperature. A lid having an electric motor and an agitator integrated therewith is operable to seal the first container and the agitator extends downward into the second container. The agitator is operable in a first speed category and a second speed category. The second container further includes mounting tabs operable to provide the suspended mounting of the second container within the first container.