Canaccord Genuity Initiates Coverage on 3 Sixy Risk Solutions Ltd. (OTC: PTVYF) (CSE: SAFE) | Financial Buzz

Canaccord Genuity Initiates Coverage on 3 Sixy Risk Solutions Ltd. (OTC: PTVYF) (CSE: SAFE)

The cannabis industry is growing exponentially due to the plant’s widespread legalization. More and more countries are now exploring opportunities in the medical cannabis sector, while the U.S. and Canada dominate recreational sales. However, recreational sales are expected to eclipse medical sales in the near future, led by states like California and Nevada. According to data compiled by Grand View Research, the global cannabis market is expected to reach USD 146.4 Billion by the end of 2025, while growing at a CAGR of 34.6%.

While businesses like cultivators, dispensaries, and retailers are primarily associated with the cannabis industry, new segments are entering the market as it continues its expansion. Recent trends have led to the creation of businesses that dabble in fields such as technology, finance, consulting, or even law. However, one sector that has been attracting attention due to the lack of its availability in the industry, security.

Security services are growing in demand due to many businesses that require protection, whether it’s at their facilities or even while transporting the cannabis. Also, due to the legal issues of cannabis, many public sector businesses have avoided, or been barred from, working with anything related to cannabis. Companies are looking for services such as surveillance monitoring, intrusion alarms, guards, and transportation methods.

3 Sixty Risk Solutions Ltd. (OTC: PTVYF) (CSE: SAFE) is one of the leading cannabis security service providers in Canada. 3 Sixty provides businesses with security consulting, guarding and secure transporting services to over 60 licensed cannabis producers. 3 Sixty has also recently entered into a 3-year agreement with Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) to provide 24/7 guarding and other security services to protect its facilities in Canada.

Canaccord Genuity reviewed 3 Sixty Risk Solutions, which recently launched its initial public offering on the Canadian Securities Exchange. Analysts Doug Taylor and Brendan Chong initiated coverage on the company with a speculative buy rating and price target of CAD 0.85. The firm highlights several investment opportunities for 3 Sixty, saying that it is “tapping into a rare greenfield opportunity.”

Canaccord emphasized that customers demanding secure transport and guarding services grew by 65% since August 2018 and with the trend of the industry, expects it to double in 2019. The analysts expect 3 Sixty’s revenue to increase from approximately CAD 1.2 Million per month in December of 2018 to more than CAD 5 Million per month by the end of 2019, due to the influx of customers seeking services. The analysts expect 3 Sixty to deliver revenues of CAD 41.1 Million in 2019 and CAD 72.7 Million in 2020.

The cannabis security industry is still in its infancy stage, but as the cannabis market continues to develop, its demand is expected to accelerate. The explosive growth of the segment is projected to be an attractive opportunity for investors as well as companies diving into the industry.

Sponsored Content Release. Click for Full Disclosure

  • Sponsored Content Release, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, creates 100% unique original content. also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

    Please Note: is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content),, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. receives fees for producing and presenting high quality and sophisticated content on along with other financial news PR media services. does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For 3 sixty risk solutions ltd. financial and corporate news dissemination, has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. will always disclose any compensation in securities or cash payments for financial news PR advertising. does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security., members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: