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
“MJ Freeway’s integration with Cannabase will bring solutions that automate the cannabis wholesale exchange, improving the speed and transparency of transactions today and creating a national network of buyers and sellers that can be quickly and compliantly united when the federal landscape changes,” Amy Poinsett, co-founder and CEO of MJ Freeway, said in a statement.
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.