DENVER, Jan. 3, 2019 /PRNewswire/ -- Helix TCS (HLIX) has been highlighted by Cannabis Business Executive as a top revenue generating ancillary business for the licensed cannabis industry. Through its industry-leading point-of-sale system, BioTrackTHC, Helix TCS ranks as the #1 revenue-generating company within the highly competitive dispensary point of sale category and, via its comprehensive security and technology platform, ranks as #33 overall among ancillary cannabis businesses (based on total revenue generation). Placed at #75 in 2017, Helix TCS made a significant jump by more-than-doubling annual revenue from 2017 to 2018.
"Helix TCS has made significant progress, which is illustrated by the company jumping over 40 places on CBE's annual ancillary business ranking list," said Zachary L. Venegas, Chairman and CEO of Helix TCS, Inc. "We are highly confident that we are positioned for continued growth and success into 2019 and beyond, as demonstrated by our execution in 2018."
Published by the widely respected Cannabis Business Executive, the annual ancillary business ranking list relies on self-reported data for placement of privately-held companies, while pulling from public records to determine revenues for publicly-traded companies. The ranking focuses exclusively on ancillary businesses and does not include plant-touching businesses.
About Helix TCS, Inc.
Helix TCS, Inc. (OTCQB: HLIX) is a leading provider of ancillary services for the legal cannabis industry, helping owners and operators of licensed cannabis businesses stay competitive and compliant while mitigating risk. Through its proprietary technology suite and security services, Helix TCS provides comprehensive supply chain management, compliance tools, and asset protection for any license type in any regulated cannabis market. Helix TCS's products reach over 2,000 customer locations in 32 states and 5 countries and has processed over $18 billion in cannabis sales. For more information and to sign up for HLIX investor updates, visit us at www.helixtcs.com.
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.
Helix TCS, Inc.
Helix TCS, Inc.
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