Helix TCS has acquired Amercanex International Exchange, one of the first and most influential cannabis electronic trading platforms in the legal cannabis industry. The acquisition provides Helix with a sophisticated Electronic Communications Network that can integrate blockchain technology to facilitate real-time transactions of wholesale cannabis product between licensed operators in regulated markets. Helix TCS provides the legal cannabis industry with a powerful and effective operating services platform.
Amercanex say that their electronic trading platform, ACExchange, was launched in response to the need of a fair and open marketplace in the cannabis industry, allowing industry participants to buy and sell product at true market pricing. ACExchange operates at the wholesale level and is not designed for retail end users. All transacting members of the marketplace are licensed stakeholders, growers, manufacturers and retailers.
“Helix TCS now possesses the unique technology suite needed to scale the industry’s first compliant wholesale cannabis exchange worldwide,” said Zachary L. Venegas, Executive Chairman and CEO of Helix TCS. “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.”
Compliance With Complex Cannabis Regulations
Once a buyer purchases products through ACExchange, the seller is notified of the sale. From there, funds are deposited into a secure account, which will hold the money until delivery is completed, signed and accepted. After delivery has been finalized, the funds are transferred to the buyers account. Every step of the order is tracked and recorded on the exchange, making the process clear and precise.
Helix TCS’s technology and security solutions are designed to ensure business owners and operators remain compliant with complex cannabis regulations. These regulations are often in flux, can be difficult to manage and are essential for the safety of businesses and the security of their licenses and valuable assets.
“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,” says Steve Janjic, CEO of Amercanex. “This acquisition further strengthens Helix’s position at the forefront of the cannabis market.”
Amercanex’s blockchain-powered technology was built to be SEC/CFTC compliant and provides participants with real-time electronic transaction notifications and audit systems, Quality Assurance lab results, and dispensary loyalty programs for repeat buyers. Amercanex is currently available in a number of regulated cannabis markets, with more coming in 2019.