Helix TCS Acquires Security Grade Protective Services, Ltd
Helix TCS, Inc. (OTC:HLIX) (“Helix TCS” or the “Company”), a leading provider of integrated operating solutions for the legal cannabis industry, is pleased to announce its acquisition of Security Grade Protective Services, Ltd (“Security Grade”), a Denver-based security firm providing a range of custom, full-service security solutions to cannabis business clients. Security Grade will operate as wholly-owned subsidiary of Helix TCS.
The purchase of Security Grade, a leading cannabis security service provider with a strong emphasis on surveillance technology, will allow Helix TCS to continue to expand its suite of operating solutions with services including: IT security, building fortification, private investigations, and advanced video surveillance programs and software.
Zachary L. Venegas, CEO of Helix TCS explains: “What we believe is our formula for success – both for our clients and ourselves – involves integrating the very best in security, compliance and technology to provide cutting-edge, full-service solutions for the legal cannabis industry. With existing product lines that are well aligned with this ongoing strategy, the purchase of Security Grade will boost our capacity to scale our offerings as we continue to expand into new markets, and benefit our existing client base by increasing the breadth of the integrated capabilities we’re able to offer.”
Derek Porter, CEO of Security Grade Protective Services, said of the acquisition: “I am very proud to close this deal. We’ve rapidly grown over the last few years, however, we have found our niche in technology, specifically state-of-the-art remote surveillance which has allowed us to gain market share in the legal cannabis market with surveillance and provide a service that we believe so few security companies have the know-how to provide. In addition, we believe we are well positioned to truly provide the very best services at the most cost effective rates in the legal cannabis industry.”
By consolidating resources to accelerate the pipeline of new technologies, partnerships, and business lines, the former market rivals will benefit from a sharpened competitive edge and new operational efficiencies to better drive shareholder value.