BioTrack THC Adds New Hampshire To Its Roster of States

BioTrackTHC has been awarded a contract by the New Hampshire Department of Health and Human Services  to provide its Therapeutic Cannabis Program Patient Registry System to electronically process and track patient and caregiver card applications. BioTrack is a subsidiary of Helix TCS, Inc. (OTCQB: HLIX)

According to the statement. BioTrack has a separate contract with all of the New Hampshire Alternative Treatment Centers, referred to as “dispensaries” in most states, for seed to sale inventory tracking. The contract’s life is through December 31, 2021 and is valued at $400,000. With the addition of this contract, BioTrackTHC provides government cannabis regulatory technology to 10 U.S. states and territories and was recently awarded seed to sale traceability contract extensions in IllinoisHawaii, and Delaware.

“Our platform of critical infrastructure services has a proven track record in creating streamlined, transparent, and secure cannabis programs as we have demonstrated by empowering some of the soundest programs in the country,” said Moe Afaneh, COO of BioTrackTHC. “We look forward to providing New Hampshire with the same level of industry-leading technology, service, and peace of mind that has made our other contract partners so successful.”

Maine

Last month, Maine’s Office of Marijuana Policy announced the conditional award of a contract for marijuana track and trace services to Bio-Tech Medical Software, Inc. Once a contract is successfully negotiated, OMP said it will deploy BioTrackTHC to track the growth and distribution of marijuana and marijuana products throughout Maine.

“The selection of BioTrackTHC as Maine’s seed-to-sale tracking software is another important milestone for the Office of Marijuana Policy,” said OMP Director Erik Gundersen. “BioTrackTHC will be used by individuals and businesses choosing to participate in both the medical and recreational programs. We look forward to utilizing their solution to effectivity regulate both industries.”

The State of Maine said it received proposals from six interested parties in response to a request for proposals (RFP) #201903049. Bidders for this procurement included BioMauris, BioTrackTHC, Dauntless, Visual Vault, Metrc, and MJ Freeway. Out of a possible 100 points, the RFP review team gave BioTrackTHC’s proposal a score of 90 points. Bidders were scored on organizational qualifications and experience, proposed services, and cost. The next closest bidder was Metrc, with 69.73 points.

According to the state’s announcement, OMP announced in March that it had withdrawn from a contract agreement with Metrc to provide track and trace services for Maine’s medical program. Original plans had called for expanding that agreement to adult use marijuana later; however, the Office of the Attorney General advised OMP staff that a competitive procurement for the services would be a more appropriate alternative.

“As the legal cannabis industry expands into new markets and the global industry matures, technology that facilitates transparency and product quality are essential to ensuring safety among the communities and longevity of the industry,” said Zachary L. Venegas, Executive Chairman and CEO of Helix TCS, Inc. “We have proven our ability to empower safe and accountable cannabis programs and look forward to seeing more states start down the path of legal cannabis.”

Debra Borchardt

Debra BorchardtDebra Borchardt

Debra Borchardt is the CEO, Co-Founder, and Editor-In-Chief of GMR. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Prior to becoming a financial journalist, Debra was a Vice President at Bear Stearns where she held a Series 7 and Registered Investment Advisor license. Debra has a Masters degree in Business Journalism from New York University.


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