The Buzz Surrounding 3 Sixty Risk Solutions Ltd. (CSE: SAFE)

Jan. 14, 2019 - 3 Sixty Secure Corp. Enters into Multiyear, National Security Services Agreement with Canopy Growth Corporation

3 Sixty Secure Corp. Enters into Multiyear, National Security Services Agreement with Canopy Growth Corporation

3 Sixty Risk Solutions Ltd. (CSE: SAFE) announced that 3 Sixty Secure Corp, a wholly-owned subsidiary of 3Sixty, has entered into a three-year master services agreement to provide security services to Canopy Growth Corporation (“Canopy Growth”) (TSX: WEED) (NYSE: CGC) across Canada. As part of the agreement, 3 Sixty Secure Corp. will provide 24/7 guarding services to protect Canopy Growth’s Canadian facilities, as well as other security services as required. The agreement will include all existing and future Canopy Growth facilities across Canada. The agreement with Canopy Growth expands services to include all of its national facilities and extends the prior agreement from a one-year term to a three-year term.

“Reaching an agreement that extends and expands security services provided to Canopy Growth marks another important milestone for 3Sixty as we continue to assert ourselves as leaders in cannabis security,” said Thomas Gerstenecker, CEO and Founder of 3Sixty. “I believe that our selection by Canopy Growth, a world-leading cannabis company, reaffirms the quality of our protective service offerings and supports our position as a leader in security services. Our sales pipeline is robust, and we are engaged with numerous companies seeking leading security solutions tailored to the cannabis industry and within non-core industries that require a full-spectrum of exceptional security services and solutions.”

Jan. 8, 2019 - 3 Sixty Risk Solutions Ltd. Commences Trading, Provides an Operational Update and Welcomes David Hyde as President

 3 Sixty Risk Solutions Ltd. Commences Trading, Provides an Operational Update and Welcomes David Hyde as President

3 Sixty Risk Solutions Ltd. ("3Sixty" or the "Company") is pleased to announce that it expects to commence trading on the Canadian Securities Exchange ("CSE") today under the ticker symbol "SAFE". The Company, which operates through its wholly-owned subsidiary, 3 Sixty Secure Corp., is also pleased to announce an operational update which includes significant progress in expanding its security consulting, guarding and secure transport business and continued growth of its consulting services business.

"I am extremely pleased with the progress that we have made in realizing our goal of going public as a means to accelerate our strategic growth plans with enhanced access to capital," said Thomas Gerstenecker, CEO and Founder of 3Sixty. "We successfully raised capital in October, and we have delivered on our promise to significantly grow our consulting, guard and transport customer base, which includes many of Canada's leading LPs, and we continue to increase the number of customers served by our consulting service. I look forward to continued execution of our growth agenda by filling what I consider a serious gap in the Canadian and US cannabis security industry as recreational cannabis supply grows and matures in Canada, in the US and globally."

"Further, I would like to welcome David Hyde as President of 3 Sixty," added Thomas Gerstenecker. "David brings extensive industry experience as a security expert and the founder of David Hyde & Associates, Canada's leading cannabis security consultancy services. I am confident that we have assembled a world-class management team and board of directors which positions the company extremely well as one of the largest and most experienced companies providing security services to the emerging cannabis industry within Canada."

Operationally, the Company is pleased to report that its two major business segments experienced meaningful growth in the three months ending November 30.

  • 3Sixty exited August 2018 with more than 40 secure transport and guarding customers, and more than 400 security consulting clients;
  • On a percentage basis, guarding and secure transport customers experienced the highest growth, up approximately 65% following the addition of 27 new customers;
  • On an absolute basis security consulting experienced the largest uptick in clients with the addition of 82, up approximately 20% in the period.
  • Importantly, 3Sixty successfully converted five security consulting clients from one of its predecessors, Total Cannabis Security Solutions Inc. ("TCSS"), into guarding and secure transport customers, an achievement which reinforces the thesis that there are significant opportunities to organically grow sales through cross-sell to the combined 3Sixty and TCSS customer base which has had very little overlap to date.
  • The Company is focused on continued growth within the Canadian and US cannabis industry with numerous opportunities to expand into adjacent security services, new industry verticals and to realize international expansion.

3Sixty is one of Canada's leading security service providers to the cannabis sector providing a comprehensive suite of security services including guarding and secure transport, security consulting, security management, integrated security systems and executive protection. 3Sixty expects to deliver significant value to its customers, shareholders and stakeholders by:

  • Providing world-class seed-to-sale security expertise to the cannabis industry. As a leading security company with a focus on cannabis, 3Sixty expects to continue to grow its leadership position in core security services and security consulting. The Company is led by executives with substantial experience in security services, military, police services, security consulting and NGOs which the Company believes is unique in the Canadian and US security industry serving the cannabis sector.
  • Leveraging the high-growth cannabis industry as the cornerstone of 3Sixty's business. The Company has been a pioneer in the cannabis industry since 2013. Deep expertise and first-mover advantage in the cannabis industry has positioned 3Sixty favourably in a complex and highly regulated industry.
  • Taking advantage of significant organic growth opportunities in new geographies, verticals and industries. Canadian cannabis is at the core of 3Sixty's business. However, the Company believes that there are significant growth opportunities available by adding to the portfolio of security services offered to cannabis clients and through expansion to the highly lucrative US market. Further, the Company expects to add non-cannabis customers in industries that are characterized by high value products where security is critical. Organic growth opportunities are expected to be accelerated through the use of strategic M&A where opportunities arise.

 

9 Comments
  1. Jules Paxton 2 weeks ago
    Reply

    Legal Cannabis economics & business tax deductibility cause massive profits investments & jobs. Its a no brainer to invest in security of the product making this all possible

    • Kahmron Vahedi 2 weeks ago
      Reply

      agreed, cannabis is definitely a growing industry and will employ the need for security on large cargo transports

    • Nelson C. 1 week ago
      Reply

      a fresh part of the cannabis industry that may have been overlooked. Cannabis security will grow with the cannabis market itself

  2. Luke Noles 2 weeks ago
    Reply

    What if Trump legalized cannabis, and used tax revenue generated to reimburse the cost of border barriers and other security measures. Significant cannabis revenue would shift to the US from Mexico, so in a way, it would be like Mexico paying for the wall.

    • Nick Barber 2 weeks ago
      Reply

      End Schedule 1 classification for Cannabis if you really care about border security and the American people. It’s a medicinal and safe recreational drug, doesnt have to be processed like Pharma or Fermented like Alcohol. A pretty plant and flower, good for soil, cleans pollution. This would also open many doors for cannabis activists to step in the recreational sector. Continued legalization in the states will further the demand for cannabis security and thus offer more clientele for 3 Sixty to “secure”

    • Elizabeth Trents 5 days ago
      Reply

      Get on the Trump Train or get run over! Cannabis is GOOD for us and God wants us to have it! Homegrown in our backyards, without taxes or regulation.

      • Shawn Provencher 4 days ago
        Reply

        demand from these drug cartels will reduce as more legal cannabis hits the states, no brainer actually if you REALLY want to push out the real drug influences reaching our country by cutting illegal cannabis demand

    • Wyatt Stovall 3 days ago
      Reply

      This is preposterous! The taxes from Cannabis are to be used to create jobs and regulate the cannabis market. Thus the demand for 3 Sixty’s services continues to grow.

  3. Erica Weiss 6 days ago
    Reply

    This creates an environment where top-of-the-line security, surveillance, and safety systems, such as those provided by 3 Sixty Risk Solutions, are a prerequisite to doing business in the cannabis space.

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