The partnership, announced by the companies, will bring new weight to Cannabase’s pricing and inventory information, given that it will now be backed by MJ Freeway’s and BioTrackTHC’s data. In a pair of news releases, Cannabase said the arrangements would provide:
- Streamlined buying and selling transactions to deliver real-time instantaneous execution and real settlement
- Improved product and price transparency
- Increased opportunities and prospects for sourcing and selling
The partnership also mark yet another formal business cooperation between three longstanding cannabis companies that all have an eye on the future. Cannabase was recently acquired by Helix TCS, a publicly traded firm which also has marijuana interests in security, compliance, financial consulting work, and more.
As the industry grows, more such partnerships, mergers and acquisitions are a virtual certainty.