BioTrackTHC Deploys Puerto Rico Traceability System, Expands Presence
April 26 2018 - 9:00AM
InvestorsHub NewsWire
Fort
Lauderdale, FL -- April 26, 2018 -- InvestorsHub NewsWire
-- The Commonwealth of Puerto Rico in coordination with the
Department of Health’s seed-to-sale traceability provider,
BioTrackTHC, has officially deployed its government seed-to-sale
Traceability System to oversee the island’s medical cannabis
industry. The system will enable the government to track and
regulate the medical cannabis supply chain, product safety, and
sales.
Puerto Rico
originally announced BioTrackTHC as the winner apparent of the
contract in late 2016. However, there was a series of
protests from competing vendors that were ultimately
dismissed. The contract was then officially executed by the
Puerto Rico Department of Health and BioTrackTHC in February of
2018. The Traceability System is being deployed in phases,
with the first phase going live Tuesday, April 24, 2018.
“Our goal is to provide safe access to
medical cannabis for all of our patients in Puerto Rico. The
Traceability System empowers us to provide them with access in a
way that is both transparent and responsible,” said Antonio
Quilichini, Executive Director of the Regulatory Board for Medical
Cannabis. “Additionally, it will enable the medical cannabis board
to properly track the island’s supply chain in real time, with
complete visibility and accountability.”
Because of the unique nature of Puerto
Rico’s medical cannabis program, as well as the fact that a large
number of licensees and their employees are Spanish-speaking,
BioTrackTHC recently opened an office on the island and currently
employs two staff members locally who are exclusively focused on
supporting the Department of Health, the Puerto Rico licensees, the
company’s Spanish-speaking customers, and the Puerto Rico
Traceability program at-large.
"It is an honor to be in a position to
help launch the island's medical cannabis program and assist the
licensees in getting up and running on the Traceability System,”
said James Tolentino, Director of Puerto Rico Operations for
BioTrackTHC.
There are currently over 60 licensed
cannabis businesses who are approved by the State to distribute
medical cannabis to approved patients in Puerto Rico. The
launch of the Traceability System provides these patients with an
accessible program as well as safe, lab-tested medical
cannabis.
As previously announced in March of this
year, BioTrackTHC and Helix TCS Inc. (OTCQB: HLIX) have signed a
definitive merger agreement. The signing of this contract
helps to further establish BioTrackTHC as a leader in government
traceability as they now hold nine (9) executed seed-to-sale
contracts.
About BioTrackTHC
Bio-Tech Medical Software, Inc., through its BioTrackTHC division,
develops and provides effective, cutting-edge technology solutions
for the emerging medical and recreational cannabis industry.
Visit www.biotrack.com for more
information, email sales@biotrackthc.com or call
1-800-797-4711 to order software. Follow us on Facebook, Twitter and LinkedIn for important updates
and relevant industry news. BioTrackTHC currently holds 9
government contracts and operates in over 2000 locations across 28
states, D.C., and 4 countries. Bio-Tech Medical Software,
Inc. is a privately-held company based in Fort Lauderdale,
Florida.
About Helix TCS
Helix TCS, Inc. (OTCQB:
HLIX) is a premier provider of integrated operating environment
solutions for the legal cannabis industry. Helix provides a
proprietary software suite and partnership platform to the legal
cannabis industry, helping clients manage inventory and supply
costs and bespoke monitoring and transport solutions. Helix
provides clients in the legal cannabis industry high standard
security operations, including transportation, armed and
unarmed guarding, training, investigation, and special
services.
Forward-Looking
Statements
Except for historical information, all of the statements,
expectations, and assumptions contained in this press release are
forward-looking statements. Actual results might differ
materially from those explicit or implicit in the forward-looking
statements. Important factors that could cause actual results
to differ materially include: our ability to fund our operations
and pay any outstanding debt; fluctuations in our financial
results; general economic risks; the volatile nature of the market
for our products and services and other factors that could impact
our anticipated growth; our ability to manage our growth; changes
in laws and regulations regarding the cannabis industry and service
providers in the cannabis industry; reliance on key personnel; our
ability to compete effectively; security and other risks associated
with our business; intellectual property risks; and other risk
factors set forth from time to time in our SEC filings. Helix
TCS assumes no obligation and does not intend to update these
forward-looking statements, except as required by
law.
Contact
Information:
720-328-5372