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Helix TCS Acquires Cannabis Electronic Trading Platform Amercanex International Exchange
Monday 11 February 2019

11 February 2019 - Colorado, US-based cannabis industry services provider Helix TCS, Inc. (OTCQB: HLIX) has acquired Colorado-based cannabis electronic trading platform Amercanex International Exchange, the company said.
The terms of the deal included equity remuneration at closing, with multiple performance-based milestones to be paid out in cash or equity over time. Additional terms of the transaction were not disclosed.
The acquisition provides Helix with a Electronic Communications Network that can integrate blockchain technology to facilitate real-time transactions of wholesale cannabis product between licensed operators in regulated markets.
The acquisition further expands Helix TCS' Critical Infrastructure Services Platform.
This platform enables new and already operating cannabis businesses, as well as ancillaries and governments, to manage mission critical infrastructure in their supply chain, inventory, and compliance functions.
Amercanex launched ACExchange, the cannabis industry's first fully electronic marketplace.
The comprehensive suite of tools for cultivators, dispensaries, manufacturers, vendors and regulators helps create a neutral, transparent and non-manipulated arena for cannabis market participants and government regulators.
Three powerful platforms ACExchange, ACEpay and ACEtrak are revolutionising the cannabis industry.
Helix TCS, Inc. (OTCQB: HLIX) is a provider of ancillary services for the legal cannabis industry, helping owners and operators of licensed cannabis businesses stay competitive and compliant while mitigating risk. Helix TCS's products reach over 2,000 customer locations in 33 states and five countries and has processed over USD 18bn in cannabis sales.
Date Published: 11/02/2019
Target: Amercanex International Exchange
Country: USA
Sector: Agriculture/Forestry
Type: Corporate acquisition
Status: Closed
Buyer: Helix TCS, Inc
Terms of the deal were not disclosed