CO online wholesaler partnering with cannabis software firms

Colorado-based online wholesale platform Cannabase has entered into exclusive partnerships with seed-to-sale tracking software companies MJ Freeway and BioTrackTHC.

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

MJBizCon“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.

Daily News | Ancillary Marijuana Companies | Briefs | Colorado Medical Cannabis Business & Marijuana Legal News | Cultivation | Dispensary/Retail Store Business News | Marijuana Stocks & Public Companies | Recreational Marijuana News | Sales, Funding & Banking News

 2 Comments

  1. clif August 1, 2016
  2. John Tirabasso August 16, 2016

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note: Comments are moderated by our editors who do their best to approve comments ASAP. As Marijuana Business Daily is focused on business, we approve comments that are specifically relevant to industry professionals. General opinions and questions about cannabis may not be posted.