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.
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.
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.
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Disclosure: We have no position in HLIX and have not been compensated for this article.
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County Line Energy (OTC: CYLC): This Hidden Gem Grows More Than Just Weed
County Line Energy Corp. (OTC: CYLC) could be the next pot stock to hit the JACK POT as the company aggressively carves out a household name for itself in the legal marijuana arena!
Many slang words have evolved over the years for marijuana, but it doesn’t matter what you call it.
What matters is that cannabis, Mary Jane, ganja, etc., has evolved into a colossal sector that is worth billions upon billions of dollars.
This is an industry that has created massive business opportunities and has provided health benefits to a slew of people who suffer from a range of disorders including depression, insomnia, pain, PTSD, and even serious diseases like cancer.
There is no doubt that legal marijuana is a boom to the economy, bringing salvation to states that are now able to generate massive revenue from taxes.
Colorado, one of the first states to legalize the drug, has money pouring in from its legal recreational marijuana sales. The state surpassed a whopping $1 billion in tax revenue this year since recreational use was legalized in 2014!
Support for legalizing the plant has also reached an all-time high in America according to the latest Gallup poll and every Democrat running for president in 2020 is now in favor of marijuana legislation on a federal level. Prohibition in America could be on its very last legs!
It has been estimated that 1/3rd of America’s marijuana is now grown inside according to motherjones.com. and this…
CBD-infused Coffee is taking the World by Storm and GenTech Holdings (OTC: GTEH) is Set to Capitalize on this Emerging New Trend…
There’s a new player in the high-end CBD food and drinks marketplace that is going widely undetected on Wall Street…
Trading at just pennies, GenTech Holdings (OTC: GTEH) may quickly become a leading household name in the fast-growing CBD arena!
Coffee… It’s more than just a drink it’s a way of life for many people and the latest craze is adding Cannabidiol (CBD) to it. CBD-infused coffee is popping up on menus across the globe.
Some may be surprised that it took this long for CBD-infused coffee to become relevant in the market considering the long list of health benefits that the marijuana component promises to offer.
CBD has become incredibly in demand due to its lack of intoxicating effects (NO THC!) and a possible lower potential for side effects next to many medicines out there.
All kinds of consumers, from athletes to even baby boomers, are recognizing CBD as a wellness product for ailments which include anxiety and chronic pain. CBD has also been used as a treatment for serious conditions such as cancer and epilepsy.
For the marijuana enthusiast who loves coffee, CBD-infused coffee is a brilliant and delicious invention.
Two Hands Corporation (OTC: TWOH) Has Discovered the Road to Massive Profits in Both the Legal CBD Arena and the App Industry!
Two Hands Corporation (OTC: TWOH) may soon be helping investors get one up on on the market as the stock emerges onto Wall Street’s radar…
There is no denying that some of the most successful companies trading on Wall Street are those that are involved in more than one thing.
Take for instance, Facebook and Amazon — two giants on Wall Street.
Amazon has been known for threatening many industries through competitive acquisitions and by creating new products and services. Facebook has branched out from only social media and now has ventures in artificial intelligence and even announced its own cryptocurrency recently!
Two Hands Corporation (OTC: TWOH) is following the cue of these blue-chip dynamos by establishing a presence in TWO massive markets!
Trading at only pennies, here is a company that has a legal CBD venture and two apps that may soon be downloaded by millions…
There may NEVER be a more opportunistic time to see what this company is doing!
Two Hands Corporation (OTC: TWOH) is an organic hemp-based CBD cultivator that strives to offer the highest quality CBD extract derivatives to be exported under Two Hands CBD Lab brand.
As an application development company, Two Hands Corporation (OTC: TWOH) has an app called “Two Hands,” launched in July of 2018, that is an ideal solution that will reduce the stress and worries of co-parenting. “
The company’s “Two Hands Gone” app allows…