Helix TCS, Inc. (OTCQB: HLIX) has exploded more than 160% year to date. The company is a leading Track and Trace system provider with deals in 7 states. On March 11th, BioTrackTHC, HLIX’s wholly-owned subsidiary, received a two-year extension with the State of Delaware for its medical cannabis traceability program. “As legal cannabis programs take shape, implementing sound and proven cannabis tracking technology, on time and on budget, with the required functionality and security, is essential to ensuring patient safety and allowing the industry to operate effectively,” said Zachary L. Venegas, Executive Chairman and CEO of Helix TCS, Inc.
Then, on March 6th, BiotrackTHC announced a successful launch of the same Track and Trace system for the State of North Dakota. “We are very pleased with the BioTrackTHC solution and thank the team for their commitment in launching our state’s system in a timely fashion,” stated Jason Wahl, Director of the Division of Medical Marijuana. “We appreciated the BioTrackTHC team’s cooperation and assistance provided throughout the implementation of the system.”
Helix TCS, Inc. (OTCQB: HLIX) is a leading provider of ancillary services for the legal cannabis industry, helping owners and operators of licensed cannabis businesses stay competitive and compliant while mitigating risk. Through its proprietary technology suite and security services, Helix TCS provides comprehensive supply chain management, compliance tools, and asset protection for any license type in any regulated cannabis market. Helix TCS’s products reach over 2,000 customer locations in 33 states and 5 countries and has processed over $18 billion in cannabis sales.
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HLIX is also expanding into international markets with deals in the United Kingdom and the company has installed former President of Mexico Vincente Fox Quesada who is also a board member at another upstart CBD cosmeceuticals company, Khiron Life Sciences. Helix hopes Fox will strengthen their business ties in Central and South America.
“As international markets develop and more countries create a legal cannabis industry, our technology and service solutions will continue to reach new markets quickly to meet the needs of businesses and regulators in any regulatory environment,” said Venegas. “We are very excited to see the progress of legal cannabis on the global stage and we look forward to continuing to play a vital role in enabling a transparent and secure supply chain.”
Helix TCS, Inc. (OTCQB: HLIX) has 173.2M market cap and float of 26.22M. The company also saw quarterly revenue increase 175.60% and a gross profit of 1.14M. HLIX is a company to watch in the ancillary space. We will be updating readers as more news comes out.Sign-up for continuing coverage on shares of $HLIX stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $HLIX, either long or short, and we have not been compensated for this article.