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Helix TCS launches first US state hemp tracking system in Delaware

It allows cannabis operators to maintain auditable records of all hemp products in the supply chain, ensuring products sold in the state are tested and pure

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Helix TCS is a leading provider of critical infrastructure services, helping owners and operators of licensed cannabis businesses stay competitive and compliant while mitigating risk

Helix TCS Inc (OTCMKTS:HLIX), a technology group which provides the cannabis industry with a powerful operating services platform, said Wednesday that it has launched the first integrated hemp tracking module. 

Its software subsidiary, BioTrackTHC already provides government cannabis tracking technology to 10 US states and territories. 

The Denver-based company said that now the hemp module for the BioTrackTHC Government Traceability system will allow the US state of Delaware to track all hemp and CBD products imported into the system, ensuring transparency and consumer safety.

READ: Helix TCS touts revenue bump, high software margins in 3Q results

The system enforces a series of “mandated controls, requiring testing before the hemp can be unlocked within the system and proceed to manufacturing of CBD and mixed THC-CBD products,” said the company.

Helix TCS said the development was a result of concerted efforts by Helix and Delaware to remain on the forefront of technology and transparency in the emerging hemp sector.

Blazing a trail

“This is a significant breakthrough for the industry and is the gold standard for managing emerging hemp markets,” said Dr Moe Afaneh, chief cooperating officer for the BioTrackTHC business line.

“As regulatory frameworks around hemp evolve, we are blazing a trail and continue to deliver industry-leading solutions,” he added.

The system is live, allowing cannabis operators in Delaware to maintain auditable records of all hemp products in the supply chain, ensuring that all products sold in the state are tested for potency and purity.

“It is our job to solve the problems and provide solutions to the challenges that face the cannabis industry,” said Helix TCS CEO Zachary L Venegas.

“This new technology is a perfect example of how we continue to innovate and focus on the needs of this rapidly growing space,” he added.

The technology company’s security offerings provide comprehensive digital and physical protection for cannabis assets, employees, customers and business owners.

Helix TCS is a leading provider of critical infrastructure services, helping owners and operators of licensed cannabis businesses stay competitive and compliant while mitigating risk. The technology suite is a comprehensive seed-to-sale platform which includes a dynamic wholesale marketplace, compliance tools, and advanced product tracking capabilities.

Similarly, the technology company’s security offerings provide comprehensive digital and physical protection for cannabis assets, employees, customers and business owners. Its products reach over 2,000 customer locations in 38 states and seven countries and have processed over $18 billion in cannabis sales.

Contact Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive 

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Price: 0.565 USD

OTCQB:HLIX
Market: OTCQB
Market Cap: $52.7 m
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