TruTrace Technologies Inc.

TruTrace Technologies Inc. is a company that aims to revolutionize the cannabis industry with its innovative blockchain platform, StrainSecure. The platform is designed to register and track intellectual property for cannabis, addressing the crucial issue of strain protection and genetic identification for growers and breeders. By leveraging blockchain technology, TruTrace establishes a secure and immutable record of cannabis strains' ownership, potency, and chemical makeup, serving as a global 'single source of truth' for the industry.

Founded in 2018, TruTrace's StrainSecure platform offers a cloud-based solution that streamlines genetic registration and quality-control testing for legal cannabis, effectively reducing administrative time and expenses by half. This technology is particularly significant in an industry where the value of popular cannabis strains can reach millions of dollars, emphasizing the need for transparency and accurate information.

The company's mission is to provide realistic solutions to the logistical challenges faced by growers, retailers, regulators, and consumers in the legal marijuana market. With its focus on transparency and authenticity, TruTrace's blockchain technology demonstrates potential to address these challenges effectively.

TruTrace Technologies operates in the Food and Beverage as well as the Internet industries, with its headquarters located in the United States. Though the last investment and the involved investors are not currently available, the company's unique positioning in the cannabis sector and its pioneering blockchain platform make it an intriguing prospect for potential investors in the future.