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ALMONTE, ON, Feb. 14, 2019 /CNW/ - 3 Sixty Risk Solutions Ltd. ("3 Sixty" or the "Company") (CSE: SAFE) is pleased to announce that the Company, which operates through its wholly-owned subsidiary, 3 Sixty Secure Corp., is providing secure transport services to Beleave Inc. ("Beleave") (CSE: BE) for its medical and non-medical cannabis products. Headquartered in Oakville, Ontario, Beleave cultivates high-quality cannabis flower and oil, for the medical and recreational markets where it can be found under the Seven Oaks brand. The company has developed a network of medical cannabis clinics in Ontario and Quebec and has been awarded a retail network in Saskatchewan and has been pre-qualified for retail in Manitoba. Additionally, through its international investments, Beleave has access to the Latin American and European markets.
"We are extremely pleased to be providing secure transport services to Beleave," said Thomas Gerstenecker, CEO and Founder of 3 Sixty. "Beleave is vertically integrated in the medical and recreational cannabis markets within Canada with significant growth plans. It is available in 100% of Canada's medical cannabis markets and over 55% of the recreational market with plans to roll out recreational cannabis distribution to 99.57% of Canadians before the close of 2020. We are excited to partner with a progressive company like Beleave that has a vision for meeting the needs of Canadians but also has an eye on international expansion which aligns with our own strategic growth plans."
"We continue to grow our customer base, which includes top-tier LP's, distributors and retailers across Canada, by providing world-class security services to our top-tier customer base," added Thomas Gerstenecker. "We intend to remain a leader in cannabis-focused security by meeting and exceeding our customer's stringent demands within the highly regulated cannabis industry. We will continue to seek new services to offer to our existing customers as well as looking beyond our borders for geographic expansion opportunities that allow us to export our expertise across Canada, the US and internationally through organic means and by executing on disciplined M&A."
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. 3 Sixty 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. 3 Sixty 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 Beleave Inc.
Beleave is a vertically-integrated Canadian cannabis company headquartered in Oakville, Ontario, that cultivates high-quality cannabis flower, oil and extracts. Fully-licenced to cultivate and sell medical and recreational cannabis and cannabis oil, Beleave is leading the way through research partnerships with universities to bridge the gap between science and tradition and to develop pharma-grade extracts and derivatives. Beleave has developed new product lines, including cannabis- infused powder and sugar products for 2019 as the recreational market is expected to allow for food and beverage-based cannabis products.
Beleave has also developed a network of medical cannabis clinics in Ontario and Quebec under the Medi- Green banner. Through its majority ownership of Procannmed S.A.S., Beleave is fully licensed to cultivate, produce, extract and distribute medical cannabis in Colombia to capitalize on exports and the expanding Latin American market. In a strategic initiative to penetrate the European medical market, the Company has partnered with Canymed GmbH to supply the German market with medical cannabis.
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 3 Sixty. 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, 3 Sixty 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, IR@3sixtysecure.com