NCS Analytics Completes Independent Verification of NCS Thea

DENVER, Sept. 8, 2026 /CourierPR/ -- NCS Analytics has completed an independent verification of its lending intelligence platform, NCS Thea, through an agreed-upon procedures engagement conducted by Armanino LLP. This validation underscores the company’s commitment to transparency and rigorous methodology in the cannabis lending sector.

NCS Analytics developed NCS Thea to address the unique challenges faced by cannabis lenders. Unlike traditional underwriting tools, NCS Thea combines government-verified operational data from state cannabis track-and-trace systems with proprietary behavioral and predictive analytics. This integration provides an objective assessment of business health and lending risk, making it a valuable tool for financial institutions, private lenders, and credit funds in the cannabis industry.

The independent verification involved several key aspects of NCS Thea’s validation. Armanino LLP conducted agreed-upon procedures on the model's data inputs, the application of NCS’s scoring methodology, the calculation of scoring components, the assignment of risk classifications, and the presentation of the model's outputs. These procedures were performed in accordance with attestation standards established by the American Institute of Certified Public Accountants.

Adam Crabtree, Founder and CEO of NCS Analytics, stated, "Cannabis lenders need objective, reliable intelligence to make informed decisions. This independent engagement reflects our commitment to transparency and rigor in the development and validation of NCS Thea. Providing additional confidence in key aspects of the model's methodology and outputs is crucial for the responsible deployment of this tool."

Paige Reimers, COO of NCS Analytics, added, "This AUP engagement is not a checkbox. It is the foundation for responsible deployment. By subjecting NCS Thea to external scrutiny, we have confirmed its readiness to support risk decisions with confidence and accountability."

NCS Analytics, founded in 2015 in Denver, Colorado, is a leading advanced analytics company that empowers regulators and financial institutions to oversee high-risk industries, starting with cannabis. The company's NCS Platform aggregates millions of daily data points, delivering real-time anomaly detection, risk scoring, alerts, and compliance monitoring to prevent diversion, fraud, and non-compliance while supporting BSA/AML requirements. NCS Analytics monitors thousands of licenses across multiple states and processes 89 million records weekly.

NCS Thea was launched to address the unique challenges of the cannabis lending market, which include inconsistent financial statements, limited conventional credit data, and the industry's regulatory complexity. By providing a comprehensive and objective assessment of business health and lending risk, NCS Thea aims to support financial institutions in making informed and confident lending decisions in the cannabis sector.