PRN: Cannabis Market's Rapid Surge Highlights the Need for Security Services

11/feb/2019 10:50:26 PR Newswire Turismo Contatta l'autore

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Cannabis Market's Rapid Surge Highlights the Need for Security Services

[11-February-2019] News Commentary

NEW YORK, Feb. 11, 2019 /PRNewswire/ -- The influx of businesses entering into the cannabis industry is growing in multitudes. Many are seeing attractive growth opportunities in specific fields like cultivation, distribution, and retail. However, the federal stance on cannabis has hindered many businesses from developing. Regulations have barred businesses, such as banks, from working with cannabis-based companies. The matter prompted the creation of new public and private sectors within the cannabis industry itself. Emerging sectors like e-commerce, technology, finance, and law are among some of the top growing segments, further expanding the broad cannabis marketplace. According to data compiled by Ameri Research, the global legal marijuana market is expected to be valued at USD 63.5 Billion by 2024. The market is being driven by the wave of legalization, increasing usage for ! medical a pplications, tax revenues, and increased investments in R&D. 3 Sixty Risk Solutions Ltd. (CSE: SAFE) (OTC: PTVYF), Canopy Growth Corporation (NYSE: CGC) (TSX:WEED), Aphria Inc. (NYSE: APHA) (TSX:APHA), CannTrust Holdings Inc. (OTC: CNTTF), Organigram Holdings Inc. (OTC: OGRMF)

The U.S. market accounts for the majority of the global cannabis market value. States such as Colorado, California, Massachusetts, and Washington are among the leading revenue drivers for the industry. For instance, Colorado delivered USD 1.1 Billion in sales and taxes in 2016. In order to meet consumer demands, Colorado approved more licenses and allowed for the development of establishments. But the growing number of operating businesses began to concern state officials as well as business owners about security matters. Now, many cultivation sites, dispensaries, and distributors have signed off on security service agreements in order to protect their facilities. Specifically, businesses are seeking security services such as alarms, surveillance, ! guards, a dvisors, and transportation. "To state the obvious: Marijuana is valuable. So is everything involved in growing, processing, transporting and selling it," said John Schroyer of Marijuana Business Daily. "That value, along with plenty of state and local government rules requiring marijuana companies to implement security measures, has given rise to a thriving industry niche focused on helping cannabis businesses protect their assets and employees."

3 Sixty Risk Solutions Ltd. (OTC: PTVYF) is also listed on the Canadian Securities Exchange under the ticker (CSE: SAFE). Earlier last week the Company announced breaking news that, the Company, "which operates through its wholly-owned subsidiary, 3 Sixty Secure Corp., has entered a strategic alliance with the Cannabis Mercantile Exchange ("Cannamerx"), the fully automated international auction platform for wholesale cannabis, cannabis products, and genetics, to recommend certain products and services provided by each company to their respective customer base. There are more than 50 Canadian licensed cannabis companies that have joined Cannamerx, and since June 2018 it has helped facilitate the trade of more than 25 tonnes of cannabis and cannabis products through its automated auction platform as well as supply agreement auction process.

"We view the formation of a strategic alliance with Cannamerx as another opportunity for 3 Sixty to grow our domestic customer base and to gain access to the highly lucrative international market," said Thomas Gerstenecker, CEO and Founder of 3Sixty. "In a short period, Cannamerx has added more than 50 Canadian cannabis companies to its platform and has taken on a well-regarded and important key role in the Canadian cannabis supply chain. We look forward to providing our world-class offering to all Cannamerx clients. As Cannamerx grows, we will be well positioned to serve its B2B customers that require a leading seed-to-sale security provider to safely transport cannabis products while remaining compliant across multiple jurisdictions."

"We have been very impressed with the growth and performance of 3 Sixty's world-class security services, as well as its top-tier customer base which includes some of Canada's leading LPs," added Dietwald Claus, CEO of Cannamerx. "We are very proud to work with 3 Sixty to provide secure transport solutions to Cannamerx clients for products traded via the Cannamerx system, as well as promoting 3 Sixty's other services, from security consulting to site protection. Partnering with the highest quality service providers is yet another way we can add value for the licensed cannabis companies that use our trading platform."

Both companies emphasize that this strategic alliance does not involve any kind of payment between 3 Sixty and Cannamerx. Furthermore, Cannamerx does not have any financial stake in 3 Sixty, nor does 3 Sixty have any financial stake in Cannamerx. This is in line with Cannamerx's standing policy to never accept or pay referral fees from or to any of its partners or to have any kind of financial stake in any cannabis related company or allow any cannabis related company to have any kind of financial stake in Cannamerx."

For our "Buzz on the Street" Show featuring 3 Sixty Risk Solutions Ltd. latest corporate news, please head over to:

Canopy Growth Corporation (NYSE: CGC) (TSX:WEED)  is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms. Canopy Growth Corporation recently announced that it intends to increase its total investment in Canopy Rivers Inc. by CDN 30 Million. The investment will be made through a private placement of subordinated voting shares in the capital of Canopy Rivers concurrent with Canopy Rivers bought deal offering of Subordinate Voting Shares for gross proceeds of approximately CDN 55 Million. This investment is being co-led by CIBC Capital Markets and Eight Capital and is expected to close on or about February 27, 2019. These planned investments will allow Canopy Rivers to focus on what it does best â€�“ making strategic investments, in cannabis and cannabis-adjacent markets, and incre! asing its partners' chances of success by layering on strategic support from its team of experienced industry leaders. "The advantage of a strengthened Canopy Rivers/Canopy Growth relationship is that it accelerates and derisks execution for invested companies," said Bruce Linton, Founder and Co-Chief Executive Officer, Canopy Growth. "The strength of the Canopy Rivers team, coupled with their selective approach to business development and execution of strategic investments, creates value for shareholders and for Canopy Growth."

Aphria Inc. (NYSE: APHA) (TSX:APHA) is a leading global cannabis company driven by an unrelenting commitment to our people, product quality and innovation. Aphria Inc. recently completed its first transfer of plant cuttings from four of the Company's cannabis strains to Denmark-based Schroll Medical, as part of the Company's previously announced Strategic Partnership with Schroll. The shipment was completed under permits issued by the relevant health authorities, including an export permit from Health Canada, an import permit from the Danish Medicines Agency and a phytosanitary certificate from the Canadian Food Inspection Agency.  "We are pleased to introduce the first four Aphria strains to be produced in Europe, through our strategic alliance with Schroll," said Hendrik Knopp, Managing Director of Aphria Germany, who is overseeing the Partnership on behalf of Aphri! a and Sch roll. "This marks another important milestone for Aphria as we extend our leadership position in the European market, and it gives me joy to be able to say today that we literally have a good thing growing in Europe." 

CannTrust Holdings Inc. (OTC: CNTTF) is a federally regulated licensed producer of medical and recreational cannabis in Canada. CannTrust Holdings Inc. recently announced that it has obtained the necessary permitting from the Town of Pelham to proceed with its Phase III expansion with the construction process set to commence immediately. "We are pleased with the outcome of the discussions with the Town of Pelham," said Peter Aceto, Chief Executive Officer of CannTrust. "We believe this decision reflects our view that we are a trusted member of the community and that we are intent on listening to our stakeholders. The demand for our medical and recreational products continues to be well in excess of supply and we are keen to move ahead with the Phase III expansion and meet our capacity targets. We also continue to evaluate several strate! gic alter natives to meet and increase our initial production capacity goals. We are actively pursuing strategic acquisitions of land and facilities, both inside and outside Ontario and hope to update shareholders with these initiatives in due course. Our active patient count continues to increase, and the recreational market is currently undersupplied. We intend to make every effort to serve these markets with our award-winning products."

Organigram Holdings Inc. (OTCQX: OGRMF) is a TSX Venture Exchange listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada. Organigram Holdings Inc. recently announced that it has signed a multi-year extraction contract with Valens GroWorks Corp., a provider of cannabis products and services focused on proprietary extraction methodologies, distillation, cannabinoid isolation and purification, as well as associated quality testing. Under the terms of the agreement, Valens will extract cannabis flowers and trim from Organigram's Moncton operation as well as hemp to produce extract concentrate. In turn, the concentrate will be used by Organigram to produce oils and, eventually, derivative edible and vaporizable cannabis products. The legalization of cannabis edibles and other derivative based products in C anada is expected later this year. "Looking ahead to another year of unprecedented firsts in the national and global cannabis industries, our growth strategy is aggressive," says Greg Engel, Chief Executive Officer, Organigram. "A key element of that success is partnerships with companies like Valens who can offer the capacity, quality and expertise to help ensure we deliver on our ongoing commitment to meeting the increasing demand of the global medical and adult recreational cannabis markets."

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