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INTERNATIONAL CANNABIS TO INTEGRATE GLOBAL DISTRIBUTION MANAGEMENT SYSTEM WITH LEADING CANNABIS DISPENSARY POINT OF SALE AND SECURITY PLATFORM
by admin | Mar 12, 2019 | Lastest News, News
NEWS RELEASE
VANCOUVER, British Columbia, March 12, 2019 – ICC International Cannabis Corp. (CSE: WRLD.U)(FWB: 8K51)(OTC: WLDCF) (“ICC” or “International Cannabis” or the “Company”) is pleased to announce the formal integration of its Global Distribution Management System; the International Cannabis Exchange (“Intercannex”) into leading cannabis technology and security provider, Helix TCS, Inc. (“Helix”) (OTCQB: HLIX).
The Companies will integrate Intercannex with Helix’s industry-leading point-of-sale (“POS”) system, BioTrackTHC. The unified platform will leverage the technological capabilities of Intercannex, a secure Electronic Cannabis Market (“ECM”) to enable superior pricing, improved regulatory reporting and reduced costs. BioTrackTHC ranks as the #1 revenue-generating platform within the highly competitive dispensary POS category and has processed US$18 billion in cannabis sales since inception.
As International Cannabis rapidly advances towards production in nine separate jurisdictions, the company will leverage Intercannex and BioTrackTHC to:
Manage and scale mission critical supply chain, inventory, auditability and compliance infrastructure;
Optimize upstream and downstream product pricing capabilities;
Incorporate advanced cannabis track/trace and security solutions into its existing production facilities;
Facilitate real-time transactions of wholesale cannabis products between licensed operators in regulated markets;
Compile actionable industry data resulting in superior data-driven marketing and product decisions;
Effectively augment existing distribution partnerships, as well as implement dispensary/retail loyalty programs;
Realize accretive revenues from the high growth ancillary cannabis services market;
Instantaneously monitor product availability across 16 countries and four continents, enhancing ICC’s cannabis procurement capabilities; and,
Securely record QA lab results and archive strain analysis;
Eugene Beukman, Chief Executive Officer and a Director of International Cannabis, stated: “As the next phase of cannabis normalization emerges, the ancillary cannabis services market is set to experience exponential growth. Through the integration of the unified Intercannex/BioTrackTHC platform into ICC’s expansive distribution channels, the company is well positioned to capture considerable market share; while ensuring compliance through each stage of the cannabis value chain.
With vertically integrated operations across four continents, International Cannabis is at the epicentre of global cannabis industry. Intercannex/BioTrackTHC affords us a secure, centralized platform to manage and effectively scale our global cannabis cultivation, production and end-distribution capabilities.”
INTERNATIONAL CANNABIS EXCHANGE
In November 2018, International Cannabis announced a strategic partnership with GreenTree International Inc., parent company of the Amercanex International Exchange (“Amercanex”), to deploy Amercanex’s ECM across International Cannabis 18 operational jurisdictions, thereby forging Intercannex.
Intercannex affords its members greater control of the cannabis procurement process coupled with improved regulatory reporting capabilities. The platform leverages a comprehensive suite of tools for cultivators, dispensaries, manufacturers and vendors, with the objective of fostering a neutral and fair marketplace for the benefit of all participants.