Helix TCS Inc (OTCMKTS: HLIX) Becoming a Cannabis Powerhouse Slowly But Steadily - MJ Global Report
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Helix TCS Inc (OTCMKTS: HLIX) Becoming a Cannabis Powerhouse Slowly But Steadily

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Helix TCS

The marijuana industry is, without a doubt, a rapidly growing market. However, several regulations keep on changing, and operators highly rely on the most trusted technology solutions to focus their business as well as navigate complexities.

Therefore, only the best stock is what they look after. Likely enough, Helix TCS Inc (OTCMKTS: HLIX) provides the marijuana industry’s most powerful as well as effective critical infrastructure services. Notably, the firm has the market’s leading brands such as BioTrackTHC, Amercanex, Helix Security, and CannaBase with it, which help the company to meet and exceed their requirements.

HLIX 101

Helix TCS Inc. is the leading provider of ancillary services for the marijuana industry in the US. The stock helps owners as well as operators of the licensed marijuana business to stay competitive and compliant as they mitigate risks.

The stock’s products are available to over 2,000 customer locations in almost 33 states and 5 countries. Besides, they have (thus far) processed more than $18 billion in marijuana sales. The numbers may seem impressive, but what lies ahead is somewhat more promising.

HLIX Price Analysis

One area that HLIX stock has not impressed lately is its price, which has been on the downtrend over the past year now. However, it has to be believed that similar market segments have not been very popular in that period, and hence, the declining price tendency may be having last breaths.

Currently, the price of Helix stock stands at $1.68, and it may not be long before we start seeing another upward trajectory. Nevertheless, the stock is off its 52-week high of about $4.01 that it experienced a year ago.

The latest developments, as well as acquisitions the stock has made, may soon prove to be the catalysts for Helix to hit new highs.

HLIX price today.

Helix TCS, Inc. Doing Everything Right for a Breakthrough

In ensuring that the stock remains on track for a breakout, it has thus far made several acquisitions as well as developments. The results of the events may have been highlighted from the report on Helix’s Q1 of 2019.

Preparations for Cannabis as a Commodity

The company has already prepared for cannabis as a commodity by acquiring Amercanex International Exchange. The acquisition is a step further for the stock positioning itself as the leader in the development of modern marijuana market.

Acquired merely two months ago, Amercanex International Exchange is the most influential marijuana electronic trading platforms. Its acquisition provides Helix TCS with a Sophisticated Electronic Communications Network (ECN) which can integrate blockchain technology in facilitating real-time transactions in the market.

It also enables transaction capabilities in several cannabis markets in the US and internationally.

The Contract Extension with Hawaii

Not too long ago, the stock extended its cannabis tracking contract with Hawaii. In the one-year contract, its subsidiary Bio Track THC will be providing the state with medical cannabis traceability system.

Further international Footprint for Helix TCS into Europe: The stock also expanded its reach with licensed cannabis cultivators as well as manufactures in the UK using BioTrackTHC. By doing so they’ll be able to meet the ever-expanding demand in the industry.

The Leading Point of Sale

The company was ranked top revenue-generating ancillary business two months ago by the Cannabis Business Executive. It’s a significant achievement which not only shows that the stock is doing great but also indicates that Helix is on the right track now.

Subsequently, all the developments had shown positive results in the recent Q1 2019 report. If we talk about the numbers, the revenues increased 199% to $3.37 million with a gross profit of $1.45 million, a gross margin of 43%.

What Now for Helix TCS?

As cannabis moves closer to federal legalization in the United States, Helix TCS is one of the best stocks well positioned to proliferate in line with the entire market. With a steady and smart leadership, Helix is poised for way more growth than many think it can.

For the latest updates on HLIX and the hottest MJ stocks, sign up below!

Disclosure: We have no position in HLIX and have not been compensated for this article.

Image courtesy of Pexels

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