Former Mexican President Vicente Fox Joins Helix TCS Board

Helix TCS Inc HLIX, one of the top providers of ancillary services to the U.S. cannabis industry, announced the addition of former Mexican President Vicente Fox to its board of directors. This is the second time Fox has joined the board of a cannabis company.  

What Happened

As a member of Helix's board of directors, Fox will act as a strategic advisor, helping the company expand into international cannabis markets. Helix TCS has operations in 33 U.S. states and five countries. The company's BioTrack Point-of-Sale system is the most widely used among dispensaries in the U.S

Fox was the 55th president of Mexico; prior to that, he was the CEO of The Coca-Cola Co KO's Latin American operations. Aside from Helix TCS, Mr. Fox is also on the board of Khiron Life Sciences Corp. KHRNF

"Khiron is a socially responsible company," Fox told Benzinga in an interview last year. "They are very ethical. It's why we are together."

The Cannabis Capital Conference is coming back to Toronto April 17-18!

Why It's Important

Fox is a longtime advocate for cannabis legalization and is one of the most prominent figures in the industry. 

"His addition is a significant multiplier in our further expansion into key production markets that we expect to become dominant cannabis export hubs that will require our full suite of services," Zachary Venegas, executive chairman and CEO of Helix TCS, said in a statement. 

What's Next

As more countries and U.S. states consider legalization, Helix TCS is preparing to enter new markets.

In January, the company said it was positioned to see significant growth from the legalization of recreational use of cannabis in New York. The company's BioTrack holds a government contract to track and trace New York's medical cannabis supply chain.

Related Links:

Cowen: CBD Market Could Reach $16B By 2025

Tilray Acquisition Of Manitoba Harvest Sets Early Pace For 2019 As 'Year Of Consolidation'

Photo by Dustin Blitchok. 

Posted In: Cannabis Ancillary ServicesHelix TCSVicente FoxZachary VenegasCannabisNewsManagementMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.