DENVER, March 25, 2019 /PRNewswire/ -- Helix TCS, Inc. (OTCQB: HLIX) (the "Company"), through its leading seed to sale software and cannabis
point of sale subsidiary, BioTrackTHC, has been awarded a one-year contract extension with the State of
Hawaii to continue providing the state's medical cannabis traceability system through June 30,
2020. BioTrackTHC was awarded the Hawaii traceability contract in November of 2016 and
launched Hawaii's cannabis traceability system 72 days later, the first known government
cannabis tracking system to be deployed in a FedRAMP authorized cloud-hosting environment. BioTrackTHC currently operates 9
government cannabis tracking systems across 7 states, Puerto Rico, and the city of Arcata, California. Last week, the company announced a 2-year extension for the state of Delaware's government tracking
contract.
"The BioTrackTHC system and team have been outstanding partners and we are pleased to continue working with them to ensure the
success of our state's growing cannabis program," said Michele Nakata, Supervisor of the Hawaii
Department of Health Medical Cannabis Dispensary Licensing Program.
"This is our second government contract extension within the last month and third in total. We are pleased that our clients
remain confident in our team, our product, and our service," said Zachary L. Venegas, Executive
Chairman and CEO of Helix TCS, Inc. "Our goal is to ensure that our government clients' cannabis programs operate efficiently,
compliantly, and without interruption, and these extensions are a testament to our ability to achieve that goal. We are proud to
be a part of the Hawaii cannabis industry and thank the Department for their continued
support."
About Helix TCS, Inc.
BioTrackTHC is a wholly-owned subsidiary of Helix TCS, Inc. Helix TCS, Inc. (OTCQB: HLIX) is a leading provider of critical infrastructure services, 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' products reach over 2,000 customer
locations in 34 states and 6 countries and has processed over $18 billion in cannabis sales. For
more information on BioTrackTHC, visit www.biotrack.com. For more information on Helix TCS and to sign up for investor updates, visit us
at www.helixtcs.com.
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.
Media Contact:
Jeff Gonring
Helix TCS, Inc.
303-324-1022
press@helixtcs.com
IR Contact:
Scott Ogur
Helix TCS, Inc.
ir@helixtcs.com
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SOURCE Helix TCS, Inc.