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ALMONTE, ON, Feb. 4, 2019 /CNW/ - 3 Sixty Risk Solutions Ltd. ("3Sixty" or the "Company") (CSE: SAFE) today announced that 3 Sixty Secure Corp, a wholly-owned subsidiary of 3Sixty, has entered into a strategic partnership with Pineapple Express Delivery Inc. ("Pineapple Express") to provide security services that support same day, last mile cannabis delivery services to residences and retailers across Canada. As part of the agreement, 3 Sixty Secure Corp. will provide secure transport services for high value, large volume cannabis and short-term cannabis storage services across the country. Pineapple Express will, as part of the partnership, provide same-day and expedited delivery services to retail and residential end points. The partnership leverages the unique strengths of 3 Sixty, which brings extensive expertise in seed-to-sale security for the cannabis industry, and Pineapple Express, which has more than 10 years of on-demand delivery and real time tracking.
"This strategic partnership provides leading security services which better enable Pineapple Express to achieve its goal of delivering superior customer experiences every day," said Thomas Gerstenecker, CEO and Founder of 3 Sixty. "The partnership represents another channel for 3 Sixty to add new, large-scale cannabis customers, that work with Pineapple Express, who can benefit from the world-class security services offered by our company and it is another step towards a safer supply chain for LPs, retailers and provincial governments provided by 3 Sixty. As a leader in cannabis security services in North America we continue to demonstrate our ability to meet the bespoke security needs of our customers while adhering to the stringent regulatory requirements of the cannabis industry. I expect that our partnership with Pineapple Express will benefit both companies as the cannabis sector is expected to experience significant growth in the foreseeable future. "
"We are extremely happy to be integrating with 3 Sixty to provide a truly unique and comprehensive customer experience and support package to our clients and partners," said Randy Rolph, CEO of Pineapple Express. "This partnership simply makes sense. Pineapple Express is the leader in the same day delivery service for both recreational and medicinal cannabis and has been operating in Manitoba and Ontario. 3 Sixty Secure is a leader in large volume and high value delivery services. This partnership allows each company to build on our areas of strength and, together, provide the only fully comprehensive delivery service to every single area in the cannabis industry."
About 3 Sixty Risk Solutions Ltd.
3 Sixty Risk Solutions Ltd., operating through its wholly-owned subsidiary, 3 Sixty Secure Corp., is one of Canada's leading security service providers to the cannabis sector, transporting approximately $250 million of product every month. 3Sixty provides cannabis security consulting, guarding and secure transport security services to more than 500 customers and more than 60 licensed cannabis producers, including some of the world's largest, such as licensed producers owned by Canopy Growth Corporation. 3Sixty has a staff of over 275 employees and employs a fleet of over 60 vehicles, which management believes provides a combined security footprint to approximately 30 million square feet of patrolled area.
About Pineapple Express Delivery Inc.
Pineapple Express is Canada's leading same-day delivery service for the medical and recreational cannabis market servicing both BtoB and BtoC customers. The business was founded and is operated by logistics professionals with 10 years of experience offering same-day 60- minute delivery services in multiple industries across Canada with a record breaking 40,000 deliveries per month. Pineapple Express offers a personalized experience for its customers and has established in depth security and delivery protocols to facilitate same-day delivery of medical and recreational cannabis across the country. Pineapple Express Delivery has been providing a same day delivery option to the legal Cannabis Industry from October 17th, 2018 and has provincial offices set up across Canada.
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the business and operations of 3Sixty. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, 3Sixty assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
SOURCE 3 Sixty Risk Solutions Ltd.
For further information: regarding the Company, please contact: Carlo Rigillo, Chief Financial Officer, 3 Sixty Secure Corp., (866) 360-3360, [email protected]