Helix BioTrack & Hypur Announce New Partnership to Expand Operational and Financial Resources for Cannabis Businesses

DENVER, CO, April 30, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Helix Technologies, Inc. (OTCQB: HLIX) (the “Company”) the leading provider of critical infrastructure services to the legal cannabis industry and Hypur Inc. (Hypur), the premier provider of compliant, safe, and sustainable payment and banking options for high-risk, cash-intensive businesses, today announced a new partnership to help power operational logistics and financial capabilities for each other’s customer networks. Together, these market-leading technology companies will help cannabis businesses maintain compliance while continuing to grow amid surging consumer demands and evolving retail expectations for services, including curbside pickup and delivery during COVID-19.

“We continue to build upon our network of partners to provide the cannabis industry with high-caliber technology tools and resources to help businesses thrive,” says Tyler Beuerlein, CRO at Hypur. “Our team is impressed by the standard of Helix BioTrack’s products and services, and we’re confident our partnership will help boost companies in this fast-growing market.”

As part of the partnership, Hypur will support Helix BioTrack’s cannabis retailer network with modern, digital payment products. Cannabis businesses who choose to partner with Hypur and leverage its technology can utilize the company’s digital Hypur Pay product to create a safer, more convenient payment ecosystem for the cannabis industry.

Hypur’s reliable and compliant technology reduces cash handling, eliminating the extra step of stopping at an ATM, and physical contact at checkout. With its new “safe checkout” product feature, Hypur provides contactless payments for in-store, delivery, and curbside pickup purchases, alongside an added tipping feature for delivery drivers and budtenders. The availability of digital payment solutions for cannabis deliveries and purchases is crucial as the cannabis industry has been deemed “essential” in many cities and states around the country. As a result, many have been experiencing a surge in consumer sales during the current global novel coronavirus (COVID-19) pandemic, which urges “social distancing” and “shelter-in-place” mandates to uphold public health and safety.