World News: 12:30 GMT Friday 15th March 2019. [CFN Media via Globe Newswire via SPi World News]
Seattle, WA, March 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing (OTCQB: HLIX), the company’s international expansion efforts, and why investors may want to take note.
Many cannabis investors have focused their attention on North American markets, but emerging international markets could be the next frontier. Canadian licensed producers have started expanding into new export markets, consulting companies are offering their expertise, and ancillary service providers are expanding their products and services. Investors may want to take a closer look at companies that have embraced these kinds of expansion.
Europe has about 750 million citizens spread across 50 different countries, making it one of the largest potential cannabis markets in the world. By comparison, North America has roughly 580 million citizens spread across just 20 countries. Europe’s cannabis industry may not be as permissive as North America, but the European Parliament on a resolution that incentivizes European countries to increase access to medical cannabis.
Helix TCS an expansion into Europe via new agreements with licensed cultivators and manufacturers in the United Kingdom. These companies have started using the company’s flagship seed-to-sale tracking solution,, to track cannabis plants throughout the supply chain. The presence in the United Kingdom could be a springboard to the rest of Europe, including Germany’s rapidly growing market.
“As international markets develop and more countries create a legal cannabis industry, our technology and services solution will continue to reach new markets quickly to meet the needs of businesses and regulators in any regulatory environment,” says Helix TCS CEO Zachary L. Venegas. “We are very excited to see the progress of legal cannabis on the global stage and look forward to continuing to play a vital role.”
Australia’s cannabis industry could be worth upwards of $5.5 billion by 2023, according to, when factoring in both medical and recreational markets. In addition to already being a leading exporter of agricultural products, the country is well positioned to serve the lucrative Oceania region, which includes some of the most populous countries in the world—China, Japan, Singapore and Indonesia.
Helix TCS has already established a leadership position in the cannabis markets. Demand for medical cannabis in both of these countries continues to rise as they lay the groundwork for safe and transparent patient access, which makes reliable and secure seed-to-sale tracking software essential to the industry’s success. BioTrackTHC’s proven track record makes it a natural choice for these seed-to-sale tracking capabilities.
“BioTrackTHC can service businesses in countries halfway around the world because of our geographically distributed team,” says BioTrackTHC Chief Operating Officer Dr. Moe Afaneh. “With support spanning more than four time zones, we are confident in our ability to support the medical cannabis operators in Australia and New Zealand as they prepare to launch and scale their businesses.”
For more information, visit the company’s website at .
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CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed.
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Globe Newswire: 12:30 GMT Friday 15th March 2019
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