Done Deal: Helix TCS And BioTrackTHC

COLORADO: Helix TCS, in conjunction with its strategic capital partner, Rose Capital, completed the closing of its merger with BioTrackTHC on June 1st.  Zachary L. Venegas will continue as the CEO of Helix TCS, and will assume the role of Executive Chairman for the combined company.  Patrick Vo will continue as CEO of BioTrack.

“The closing of this merger is a landmark event for Helix and BioTrack from a strategic and operational perspective. As a combined company, we are unique in the industry in serving virtually every segment of the market – whether it is compliance software through BioTrack, the wholesale marketplace through Cannabase, security, transport, or cash services through Helix, or the advisory that we can provide customers due to our data infrastructure.  We continue to support our clients in whatever challenges they face in becoming safer, stronger, and more profitable, whether they operate in the U.S. or internationally.  At the same time, investors will see margin improvement as reporting and administrative costs are spread across a much larger revenue base and costs are rationalized.

“As a combined company with $12MM in 2017 revenue, we will continue to generate greater value for clients and shareholders. Helix’s unrelenting focus on strategy and disciplined execution will allow Biotrack to further harness the spirit that made it a market pioneer, with significant market share in government, dispensary, and grow segments of the seed to sale market, and translate that spirit into renewed technological innovation and leadership.

“This transaction represents the next step in our evolution as a market leader.  It is also another milestone achieved by using our team’s deep experience in strategy, entrepreneurship, M&A, and frontier markets to build a world-class company,” stated Mr. Venegas.

North Dakota Awards Medical Marijuana Seed-to-Sale Tracking Contract To BioTrackTHC

NORTH DAKOTA: The North Dakota Department of Health, the government agency responsible for implementing the state’s voter-approved medical marijuana program, has awarded the contract to BioTrackTHC to develop and implement the state’s medical marijuana seed-to-sale traceability system.  The system will allow designated regulatory officials to enforce compliance across the state’s marijuana seed-to-sale supply chain, providing transparency and accountability over the licensed medical marijuana compassion centers.

“As we begin implementing North Dakota’s medical marijuana program, the state needed a medical marijuana tracking system to assist in implementing a well-regulated program,” said Jason Wahl Director of the Division of Medical Marijuana within the North Dakota Department of Health. “We are excited to begin working with BioTrackTHC who has a successful record in implementing traceability systems in other states.”

Usable marijuana will be available to qualifying patients who have a debilitating medical condition as defined by state law and are registered through the Division of Medical Marijuana.  State law allows for the registration of up to 10 compassion centers: two (2) grower/manufacturing facilities and eight (8) dispensaries in the state.

“We are grateful to have the opportunity to partner with the Department of Health and are excited to collaborate with them to ensure the program gets off the ground transparently, with sound design, and on time,” said Patrick Vo, President and CEO of BioTrackTHC. “We look forward to playing a key role in bringing safe access to medical marijuana for all North Dakotans through a proven and secure track and trace system.”

BioTrackTHC now holds eight (8) state-level government tracking contracts as well as one (1) with the city of Arcata, CA., making them a leading provider of government traceability systems in marijuana.  Having never missed a government traceability system deployment deadline and having demonstrated experience in implementing and maintaining both government and private-sector marijuana seed-to-sale systems in medical and recreational markets, the company looks forward to applying its expertise to maximize the success of another emerging market. BioTrackTHC’s goal is to help the industry to thrive by demonstrating that marijuana programs can operate with transparency and accountability, providing peace of mind to stakeholders and ensuring safety for the patients and the community.

 

Hawaii Selects BioTrackTHC For State’s Medical Marijuana Program

HAWAII: The Hawaii Department of Health’s Office of Health Care Assurance has selected BioTrackTHC as the winner apparent for its state contract for tracking the production, transportation and sale of medical marijuana.

“The development of a healthy and successful medical cannabis program is a top priority for Hawaii, and we are extremely proud to have been chosen to be a critical part of it,” said Patrick Vo, CEO, BioTrackTHC. “The islands of Hawaii are truly unique and we very much look forward to applying our expertise in solving the cannabis traceability challenges unique to Hawaii.”

BioTrackTHC’s government software solution will provide the Hawaii Department of Health real-time visibility into the seed-to-sale tracking data of every licensed medical marijuana dispensary in the state, including plant and inventory quantities, production activity, laboratory testing results, transportation activity, and dispensing activity.

This marks the fifth cannabis-related government contract won by the company. BioTrackTHC‘s seed-to-sale Traceability System for government agencies is currently being utilized by the states of WashingtonNew Mexico, and Illinois, and is in the process of implementation by New York. The company’s Enterprise System for businesses is used in more than 1,500 medical and recreational cannabis facilities in 23 states, Washington D.C.CanadaJamaica and South America. These technologies enable government agencies and businesses to track every plant and every fraction-of-a-gram of cannabis throughout the production lifecycle—cultivation, harvest and cure, quality assurance testing, transportation, destruction, and sale—bringing transparency, accountability, and meaningful insights to cannabis operations.

The Hawaii Department of Health’s Office of Health Care Assurance issued a Request for Proposals (RFP) in November of last year and posted a Notice of Award naming BioTrackTHC on December 28, 2015.

Software Wars Slings And Arrows, Cease And Desist

WASHINGTON: MJ News Network has been reporting on the ongoing software wars between participants in the cannabis compliance, or so called “traceability” or “seed to sale” software arena.

Last week we reported on widespread accusations in social media that the official LCB portal, whose use is mandated for all licensees, contained security flaws — a charge the LCB flatly denied.

This week, following a meeting of the Marijuana Business Association in Seattle, MJ News Network was contacted by WeedTraqr, with accusations that BioTrackTHC, the author of the official LCB software, of “hacking” their system in a blog post on the company site. After attorneys for BioTrackTHC contacted WeedTraqr, the accusatory post was removed, but WeedTraQR’s Eric Ogden remains defiant:

Hi David, …so last night after MJBA BioTrackTHC tried to hack WeedTraQR. David [Busby] wrote a blog about this… We only have a couple hundred followers on our FB page and I was hoping you might share or at least ‘like’ our blog post… Check it out! Thanks! Eric
checking it out now.

They sent a cease and desist letter about 20 minutes ago claiming we are libelous! …we have documented proof of their hack attempt…
I read your blog.

before we had to pull it?
what will you do about the “cease and desist” demand from BioTrackTHC?

They faxed a letter from their attorney in FLA claiming our blog was libelous and demanding a cease and desist.

so we pulled the blog and posted a public response with documentation of the hack

We’ll get an attorney to respond. It’s not libelous if it’s true and we have proof

Attorney recommendation?
Chat Conversation End
MJ News Network contacted BioTrackTHC’s COO Patrick Vo, who passed along a copy of the response that he sent to WeedTraQR management:

WeedTraQR Management,

If you feel that you have been the victim of an internet crime, BioTrackTHC strongly advises that you contact the FBI’s Seattle office at 206-622-0460 so that the authorities can get involved and get to the bottom of this and so you can leave BioTrackTHC out of your problems. 

The information that you have provided thus far suggests that the attack came from Seattle by a user using the Google Chrome browser on a Mac OSX operating system.  TJ Ferraro is in Fort Lauderdale and uses the FireFox browser on Linux Slackware.  On top of that, to think that TJ would use his @biotrackthc email address in an attack is laughable.  It appears that your site allows anyone, even a six-year-old in another country, to sign-up with any email address they choose without an email verification process. 

We can assure you that BioTrackTHC was in no way involved in any attempted “hack”, and your continued baseless insinuations will not be tolerated and legal remedies will be pursued to the fullest extent possible.  

Washington’s Marijuana Compliance Software At Security Risk? LCB Says No

WASHINGTON: Reports that the software powering Washington State Liquor Control Board’s I-502 Portal contained serious security vulnerability have circulated widely on Reddit and across the cannabis industry blogs in the past several weeks.

MJ News Network asked the author of that software, BioTrackTHC, to clarify.  The company CTO, Patrick Vo, passed along a note from Liquor Control Board spokesperson Brian Smith that flatly denies the reports.

We reprint the contents of that memo here, in its entirety:


From: Smith, Brian E (LCB) ‪<brian.smith@lcb.wa.gov>‬

Date: Tue, Jan 13, 2015 at 4:02 PM

Subject: LCB Follow Up

To: Patrick Vo <patrick.vo@biotrackthc.com> 

 

It has been reported online that Washington State’s recreational marijuana seed-to-sale traceability system has shown potential vulnerabilities that could lead to the software system being compromised. It has also been reported that the system could be temporarily shut down.

 

We are confident in the security of the system. As with any steward of private data, we ensure that strenuous precautions are taken to prevent any vulnerabilities. Our vendor has scanned the system and has seen no evidence of anomalies or any breach.

 

The Washington State Liquor Control Board and our vendor, BioTrackTHC, were not contacted for comment or fact-checking before this story was published. We recognize that attempts to hack an organization’s software systems is commonplace in today’s society.  We will continue to ensure that the system is protected using the latest and best security practices.

  

Brian E. Smith

Communications Director

Washington State Liquor Control Board

360-664-1774