New York, N.Y., Dec. 18, 2014/Weed Wire/ – BioTrackTHC™, the leading provider of compliance, tracking and inventory management software for the legal cannabis industry, announced that it has engaged Viridian Capital Group, and its broker dealer Pickwick Capital Partners, as financial and strategic advisors.
As medicinal and recreational marijuana use becomes legal in more and more states, a primary concern of the U.S. Government and individual states is to ensure the supply chain between licensed growers, licensed dispensaries and legal medical or recreational customers. The company’s flagship solution, BioTrackTHC™ Commercial Enterprise System, is the industry leading compliance and tracking system designed to provide a “chain of custody” between licensed cannabis growers and dispensaries, and provide business optimization software for these operators. This includes enterprise resource planning, inventory tracking, point-of-sale, reporting and compliance software applications. The system is an integrated inventory tracking and management platform that provides regulatory compliance in any legal marijuana market, increases business workflow, reduces labor costs, and improves productivity. This platform is deployed in more than 800 locations in 16 states, Washington D.C., Canada and South America. The company was an early entrant to the legal marijuana sector, pivoting from tracking pharmaceuticals to become the national leader in cannabis tracking for marijuana growers, dispensaries and regulators.
BioTrackTHC™ has been issued two U.S. patents covering its “seed to sale” software platform. In 2014, the State of Washington awarded the legal marijuana industry’s first government technology contract to the company for the BioTrackTHC™ State compliance and tracking software solution.
Steven Siegel, Founder and CEO of BioTrackTHC™, commented, “Our company has built the preeminent software platform in our industry and we will keep investing in our technology to bring even greater value to our clients. Viridian and Pickwick Capital are the right partners to assist us in financing and planning our growth.”
Scott Greiper, President of Viridian Capital& Research, stated, “Steven Siegel and his team have developed what we believe is the most vital software solution in the marketplace to enable the legal cannabis industry, U.S. states and the U.S. Government to continue to move forward. We are excited to partner with BioTrackTHC™ to help the company achieve its goals.”
BioTrackTHC™ is the world leader in the development and marketing of marijuana-specific software solutions. The company’s flagship solution is BioTrackTHCTM Commercial, a marijuana “seed-to-sale” enterprise resource planning, inventory tracking, point-of- sale, reporting and compliance software application designed for use by licensed growers and retailers of legal medical and recreational marijuana. The company launched BioTrackTHCTM in 2010 and has continually updated and enhanced the program to meet the evolving needs of this rapidly growing market. The company has also developed and is marketing or plans to market ancillary software solutions linked to BioTrackTHCTM Commercial to address developing needs of the emerging legal marijuana industry. Visit www.biotrackthc.com for more information.
About Viridian Capital & Research, LLC
Viridian Capital & Research, LLC, is a specialized boutique banking and strategic advisory firm that provides research, investment banking, investor relations and corporate development services to emerging growth companies in the cannabis sector. Our banking practice, through broker-dealer Pickwick Capital Partners, provides capital and M&A to fund the growth of our clients, while our advisory practice helps to position and build their business. Leveraging our team’s decades of high level operating and transactional experience on Wall Street, in a variety of emerging sectors, we provide flexible comprehensive strategic and financial solutions that assist cannabis enterprises in realizing their full potential.