DENVER--(BUSINESS WIRE)--Cannabase (a Division of Helix TCS — OTCMKTS:HLIX) the oldest and largest online wholesale cannabis exchange in the legal cannabis industry, announces its partnership with MJ Freeway, a market leading seed-to-sale software provider.
The partnership paves the way for a live cannabis exchange marketplace powered by MJ Freeway’s seed-to-sale – specifically price and inventory – data. Cannabis retailers and cultivators will find key challenges solved in the integration of MJ Freeway’s live data, including:
- Streamlined buying and selling transactions to deliver real-time instantaneous execution and real settlement
- Improved product and price transparency
- Increased opportunities and prospects for sourcing and selling
Today, user-generated listings limit the thoroughness, accuracy, and traceability of listings in wholesale cannabis markets. However, with this partnership, MJ Freeway will exclusively provide Cannabase real-time confirmation of live inventory data to support the execution of exchange transactions for their joint customers. Cannabase’s feature-rich, proprietary platform will utilize this data in a live exchange format that will continue leading the evolution of the cannabis wholesale market.
“This partnership will greatly enhance the capabilities of MJ Freeway and Cannabase users nationwide,” explains Jennifer Beck, Cannabase’s co-founder and Managing Director. “Our mission is to provide the most cutting edge, compliant technology solutions in the market, and look forward to partnering with MJ Freeway in this next iteration of the wholesale marketplace.”
With MJ Freeway’s market representation over 40% in 23 states nationwide, this partnership is poised to vastly accelerate the flow of wholesale product for cultivators, infused product manufacturers, and retailers nationwide.
Amy Poinsett, the Co-founder and CEO of MJ Freeway stated, “Our goal is to improve the performance and profitability of cannabis businesses. MJ Freeway’s integration with Cannabase will bring solutions that automate the cannabis wholesale exchange improving the speed and transparency of transactions today and creating a national network of buyers and sellers that can be quickly and compliantly united when the federal landscape changes.”
Zachary L. Venegas, CEO of Helix TCS, the parent company of Cannabase, echoed Poinsett’s comments, stating that “As we further unveil the technologies, partnerships, and business lines that we have built, we will continue to provide our clients, partners, and investors with the real benefits that accrue from our focus on strategic innovation realized by rapid, disciplined execution.”
About Helix TCS
Helix TCS is the premier provider of integrated Operating Environments for the Legal Cannabis Industry. Headquartered in Denver, Colorado, Helix TCS’s compliance & logistical services range from FINCEN and banking consultation to reporting and data reconciliation, armed and unarmed security, remote monitoring, transportation, and custom security and cash solutions. Helix TCS is trusted by top growers, dispensary owners, investors, and ancillary firms in the industry to protect and preserve their most valuable assets. For more information please visit www.helixtcs.com.
The Cannabase Platform was founded in 2013 with the goal of helping to connect the emerging cannabis industry (while collecting the data that drives it). With a suite of tools ranging from advertising services to an integrated dispensary finder and wholesale marketplace, Cannabase’s suite of seed-to-sale marketing tools are utilized by over 72% of the cultivators, infused product manufacturers, and retailers in Colorado’s licensed cannabis industry. Cannabase, a wholly owned subsidiary of Helix TCS (OTCMKTS:HLIX), will be expanding nationwide in 2016.
About MJ Freeway
MJ Freeway® is the industry-leading software solution for cannabis businesses, with clients in 23 states the District of Columbia, Canada, Europe, and Australia. Founded in 2010 by a team of career software and IT professionals, the product suite is designed and built from the ground-up specifically for cannabis businesses. MJ Freeway’s tracking software includes patent-pending inventory control and grow management applications to streamline workflow and increase efficiency. MJ Freeway’s Leaf Data systems software solution enables governments to track cannabis plants from seed-to-sale and ensure patient, public and product safety. MJ Freeway also offers SuccessMap®, a complete suite of professional services for cannabis businesses. For more information, call 888-932-6537 or visit mjfreeway.com.