Helix Technologies Inc (OTCMKTS:HLIX) continues to expand the business as the tech group announced that it has extended two Government contracts in New York and North Dakota and will deploy two new services in Arkansas and New Mexico, sending shares higher.
Helix's technology provides critical infrastructure services, helping owners and operators of licensed cannabis businesses stay competitive and compliant while mitigating risk.
The states of New York and North Dakota have chosen to extend the contract for the firm's traceability software, the company said in a statement.
READ: Helix Technologies adds clients in The Netherlands and South Africa as international footprint expands
In addition, Arkansas and New Mexico have now also upgraded to Helix's Biotrack advanced patient registry solution, including online application and approval, and mobile patient ID cards.
"These innovative solutions have reduced costs, approval time, and hassle for patients," said Helix.
It is deploying upgrades to the New Mexico system that allows for on-site consumption, and reciprocity between states with medical cannabis programs, improving patient access.
"Delivering cutting edge systems requires fully-secure development capabilities and functionality coupled with the deployment expertise to meet the demands of the industry," said Helix Technologies CEO and Executive Chairman Zachary L. Venegas.
Access to medication
"In the end, this is about patient access to medication. We consider it a tremendous responsibility to ensure patients have access to medication that is safe and tested, while also protecting the integrity of patient data privacy."
Helix provides services to the Cannabis and Hemp Industries but does not deal directly with the plant or any derivative products.
It says its tech products reach over 2,000 customer locations in 38 states and eight countries and it has processed over US$20 billion in cannabis sales.
Shares added nearly 40% in New York to US$0.28 each.
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