Helix TCS: Catalysts to Watch in 2019 & Beyond -- CFN Media

Seattle, WA, March 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing Helix TCS Inc. (HLIX), and how it provides the cannabis industry's most powerful and effective critical infrastructure services platform with market leading brands, like BioTrackTHC, Helix Security, Amercanex and Cannabase, to meet and exceed these requirements.   

The cannabis industry is one of the most complex frontier markets in the world. With a patchwork of regulations that’s constantly changing, operators rely on trusted technology solutions to navigate these complexities, allowing them to focus on their business.

CFN Media recently caught up with Helix TCS CFO, Scott Ogur, at the Boston NCIA conference where it won an award for Innovation In Technology for the category of Business Strategy and Innovation, to discuss these leading brands and where the company is headed over the coming year.

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Let’s take a look at some of the company’s core products and near-term catalysts that could drive the stock over the coming year.

BioTrackTHC Gets an Upgrade

BioTrackTHC is the 800-pound gorilla in the seed-to-sale tracking, dispensary point of sale, and government compliance software market that has tracked over $18 billion in legal cannabis sales. In addition to its industry leading cannabis point-of-sale solution for dispensaries, the company offers a fully-integrated solution for cannabis cultivators to track their crops and remain compliant with government regulations, as well as for manufacturers and processors to track extracts and infused products. The company also has nine government contracts where its software is used to track and trace product throughout the supply chain.

The company expects to roll out the widely-anticipated second generation BioTrackTHC point of sale software to select dispensaries in Spring 2019. The new version will contain improvements to the front-end user experience, as well as a world-class application programming interface (API) to make the solution more compatible with third-party software.

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Helix Security Expands Its Footprint

Helix Security was an early pioneer of cannabis security services in Colorado, where it provides a 360-degree business security framework with a focus on cannabis industry compliance. These solutions include video, alarm and access control systems, as well as remote surveillance — or virtual guard — programs that generate high margin recurring revenue and deliver exceptional value to licensed operators.

Over the past few months, Helix Security has expanded into California’s market, where there is a much more significant market opportunity. The company will leverage its existing expertise built up in Colorado’s market to capture market share in the Golden State, where there is soaring demand for cannabis business security services. The company could also expand into other states in the region where the cannabis industry is maturing.

Amercanex Modernizes Cannabis

Amercanex is the most recently announced acquisition by Helix TCS. The Electronic Communications Network (ECN) will enable the company to deploy the industry’s first compliant, real-time wholesale cannabis exchange to the global market. By incorporating BioTrackTHC into the mix, the product could revolutionize the way wholesale cannabis is traded and bring the industry closer to that of agricultural rivals.

The blockchain-based technology provides participants with real-time electronic notifications and audit systems, quality assurance lab results and dispensary loyalty programs for repeat buyers.

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Looking Ahead

Helix TCS Inc. (HLIX) has built a brand that is trusted, compliant, and secure. Leveraging its critical infrastructure services platform, dispensaries, cultivators, product manufacturers, and other companies in the space are free to build their business without worrying about compliance, security, or other concerns that are constantly evolving. Multistate and enterprise operators can also be sure that they’re compliant across all of their markets.

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