Helix TCS Moves to the OTCQB Marketplace


Ryan Allway

January 4th, 2018

Exclusive, News, Top News


The cannabis industry is rapidly growing in the United States, Canada, and around the world. While there are many different opportunities for investors, there are only a handful of companies that are generating meaningful revenue with strong governance in place. Many companies are in the development stage with projects that are either in the licensing stage or products that have yet to be launched into commercial end markets.

Helix TCS Inc. (OTCQB: HLIX) has continued to position itself as a key link in the Cannabis ecosystem, as it grows existing business lines and rolls out new ones. Its existing revenue from security and transportation services continues to grow  and its long-term assets in wholesale, cash transport, and data are set to deploy. After reporting strong quarterly growth, the company recently uplisted to the OTCQB from the OTC Pink marketplace in a sign that it’s focused on growing shareholder value in a way that’s both transparent and long-term focused.

Moving to the OTCQB

Helix TCS moved from the OTC Pink to the OTCQB marketplace last month after completing its OTCQB certification. With stricter listing standards, many investors prefer to invest in over-the-counter companies only if they are listed on the OTCQB or higher levels. These standards help ensure greater transparency when it comes to financial reporting and improved governance when it comes to reporting and other corporate matters.

The OTCQB has much stricter requirements, including:

  • Audited financial statements by a PCAOB auditor;
  • Minimum bid price of $0.01;
  • Minimum reporting standards; and
  • Verified company profile.

In the future, the company may choose to further uplist. Many cannabis companies are limited in terms of the ability to uplist to the NASDAQ given the federal regulations surrounding the cannabis plant, but the OTCQB and OTCQX have become attractive designations for investors looking for transparency and high standards when it comes to governance.

Strong Financial Results

Helix TCS differs from many over-the-counter companies with its strong financial performance. During the third quarter of 2017, the company reported revenue that grew 85% to $1,129,746 and gross margins that improved 92% to $315,715. The majority of the company’s revenue growth came from an increase in the number of clients that it serves, and additional revenue from its Security Grade acquisition.

“With existing product lines that are well aligned with this ongoing strategy, the purchase of Security Grade will boost our capacity to scale our offerings as we continue to expand into new markets, and benefit our existing client base by increasing the breadth of the integrated capabilities we’re able to offer,” said Helix TCS CEO Zachary L. Venegas in a press release announcing the acquisition in June of 2017.

The company has maintained a dual focus on building near-term revenue through security services and long-term value through competitive intelligence and data solutions. With an expanding customer base, the company is building valuable relationships across the value chain before expanding into a variety of targeted segments. Its competitive intelligence business has also been silently growing with CannaBase and various partnerships.

Looking Ahead

Helix TCS Inc. (OTCQB: HLIX) has reached a key milestone with its uplisting to the OTCQB from the OTC Pink marketplace. With a strong foundation for growth in the security and transportation business, the company continues to build up its presence in the data and competitive intelligence side of the business over time.

For more information, visit the company’s website at www.helixtcs.com.

Safe Harbor

This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are made based on our expectations and beliefs concerning future events impacting Helix TCS. You can identify these statements by the fact that they use words such as “will,” “anticipate,” “estimate,” “expect,” “should,” and “may” and other words and terms of similar meaning or use of future dates. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price.

Factors that could cause actual results to differ materially from those currently anticipated are: fluctuations in our financial results; risks associated with changing drug enforcement policies by the United States federal government; the estimated markets for our products and services and the acceptance thereof by any market; risks related to our growth strategy; the early stage of products under development; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; our ability to identify, acquire, close and integrate product candidates and companies successfully and on a timely basis; our dependence on third-party suppliers; our ability to attract, integrate, and retain key personnel; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.

Ryan Allway

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.


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