Seattle, WA, April 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing Helix TCS Inc., its fourth quarter revenues, and plans for expansion.
The global cannabis industry is projected to surpass $146.4 billion in revenue by 2025, according to Grand View Research, with the U.S. fueling much of that growth. While many investors are focused on cultivation and extraction, these businesses involve a high capital expenditure and could end up producing a commoditized product. Investors may want to diversify exposure by looking toward ancillary parts of the industry.
Helix TCS Inc. (OTCQB: HLIX) is a leading provider of critical infrastructure services with over 2,000 customers across 34 states and six countries. With over $18 billion tracked in cannabis sales, the company’s BiotrackTHC technology is an established industry leader while its asset protection business continues to experience strong growth. Investors may want to take a closer look at the stock given its strong growth and expansion plans.
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Triple-Digit Revenue Growth with Strong Margins
Many publicly-traded cannabis companies are relatively early stage opportunities with limited revenue and negligible market share. In addition, many of these companies are investing large amounts of capital into production, extraction, and other areas of the business without a proven return on invested capital. Helix TCS is unique with its leading market share, rapidly growing revenue, and robust gross margins.
Helix TCS reported fourth quarter revenue that rose 189% to $3.45 million and robust 40% gross profit margins. In addition to its leading U.S. market share, the company expanded into Colombia, Australia, United Kingdom, and New Zealand to diversify and expand its revenue over the past three months. Management hopes that international expansion will help establish early market share in newly legalized markets while reducing overall geopolitical risk.
“Our strong fourth quarter results demonstrate continued execution on our business strategy, which we look forward to building upon in 2019,” said Zachary Venegas, Executive Chairman and CEO of Helix TCS. “In 2018, the industry faced numerous program delays and licensing obstacles, resulting in lower growth in licensees nationwide than most predicted. Despite these challenges, we have been able to maintain smooth quarter over quarter growth.”
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Bringing Colorado Security Expertise to California
California’s cannabis industry is expected to generate billions in annual revenue over the coming years. While the market has experienced some growing pains during the early stages, consumer demand for cannabis products remains strong and governments are issuing more and more licenses every week to businesses operating in the legal market.
After becoming Colorado’s largest provider of cannabis security services in under 3 years, Helix TCS recently acquired Tan’s International Security, a California-based, veteran-owned security business, to leverage its success and expand into the world’s largest cannabis market. Tan’s is licensed to provide physical security guards and perform digital security system installs in the State of California and brings significant expertise to Helix TCS’ larger security business.
“Our security vertical became the largest provider of security services to Colorado’s legal cannabis industry in only 3 years through a disciplined focus on customer needs and excellence in operations,” said Mr. Venegas in a separate press release announcing the new $800,000 acquisition. “We are confident that the acquisition of Tan’s International will support Helix TCS in our continued expansion into California.”
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Looking Ahead
Helix TCS Inc. (OTCQB: HLIX) represents a unique opportunity in an industry that’s largely focused on high capital expenditures and limited revenue. With its strong revenue growth, leading market share, and robust gross margins, investors may want to take a closer look at the company as it expands its security services into California’s market and looks towards international markets to grow its core supply chain software business.
For more information, visit the company’s website at www.helixtcs.com.
Click here to read the full article:
https://www.cannabisfn.com/helix-sees-triple-digit-growth-as-it-looks-to-expand-in-california/
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