Helix TCS Buys Cannabis Trading Platform Amercanex International Exchange to Use ECN for Blockchain Integration
Helix TCS, a company providing ancillary services for the legal cannabis industry, revealed on Wednesday that it had acquired Amercanex International Exchange, a cannabis electronic trading platform.
Speaking about the new acquisition, the CEO and executive chairman of Helix TCS, Sachary L. Vengas, commented:
“Helix TCS now possesses the unique technology suite needed to scale the industry's first compliant wholesale cannabis exchange worldwide….Clients of BioTrackTHC, Amercanex, and Cannabase, which is likely the largest network of licensed cannabis operators in the industry, will be the first to enjoy the competitive advantages and benefits of our industry-leading Critical Infrastructure Services Platform.”
The acquisition offers Helix a refined Electronic Communications Network (ECN) that’s able to integrate blockchain technology in order to enable real-time transactions for cannabis products between licensed parties.
In 2016 and 2018 Helix merged with Cannabase and BiotrackTHC respectively, allowing it to expand its operations in enabling existing and new cannabis businesses to manage critical infrastructure in their compliance, inventory and compliance functions.
Amercanex is powered by the blockchain technology and is fully compliant with SEC and CFTC. It offers participants real-time electronic transactions and audit systems, a loyalty program for repeat customers, and QA lab results.
The CEO of Amercanex also had kind words to say about their acquisition by Helix, saying that:
“We are extremely excited to become a part of Helix TCS, which is known throughout the industry as a leading innovator in technology and security offerings….This acquisition further strengthens Helix's position at the forefront of the cannabis market.”