Helix TCS Acquires Cannabase
Colorado online wholesale-market platform now part of integrated cannabis-industry company.
DENVER — Helix TCS acquired Cannabase, a cannabis industry wholesale platform last week.
The amount of the deal was not disclosed. Cannabase will now operate as a wholly owned division of Helix TCS, a Greenwood Village, Colo.-based integrated provider of compliance and security services for the legal cannabis industry.
The purchase will allow Helix TCS to expand its technology operations in the emerging cannabis market. Cannabase, a platform designed in 2013 to provide seed-to-sale marketing and sales tools to the emerging cannabis industry, today represents over 72% of all cannabis licenses in Colorado
Led by Jennifer Beck, co-founder and managing director, Cannabase provides seed-to-sale marketing and sales tools to the cannabis industry.
“The partnership with Helix TCS will help Cannabase offer fully integrated sales and delivery options to Cannabase’s client base, while Helix TCS’ strategic partnerships act as force multipliers for Cannabase’s existing and soon to be announced technology solutions,” Beck said. “We’re incredibly excited to partner with Zachary Venegas and the Helix TCS team, whose deep experience in frontier markets, venture capital and competitive intelligence will accelerate our shared goals of creating powerful integrated solutions for the emerging cannabis market.
“Cannabase’s recent strong financial performance mirrors Helix TCS’ financial performance, driving value for investors,” Ms. Beck explains, “and we’re looking forward to continued growth and success as we continue to improve the availability of actionable data, interactive advertising tools, and robust inventory control solutions for the legal cannabis industry.”
“Cannabase’s critical mass in the marketplace, coupled with the deep pipeline of market-ready technology solutions, made its acquisition a strategic imperative,” said Venegas, CEO of Helix TCS. “As the largest cannabis security and transport firm in the nation, Helix TCS’ clients will benefit from Cannabase’s wholesale marketplace, data services and archives, as well as its unique suite of interactive features.
“This supports our mission to provide a compliant, integrated operating solution to clients.”