TORONTO, Jan. 11, 2018 /CNW/ - CANNABIS COMPLIANCE INC., (CCI) of Toronto, Ontario, Canada, is pleased to announce that it has entered an agreement dated January 6th, 2018 that will see CCI make a strategic investment in 3|SIXTY TRANSPORT LTD. to acquire a 40% stake in the company that provides the only complete beginning to end security solutions for Canadian Medical Cannabis Producers.
The Canadian medical cannabis market is currently valued at just over $ 300 million and is growing rapidly; projected to exceed $1.1 billion by 2020. With the legalization of recreational cannabis coming sometime in the summer of 2018, the total market is projected to grow to $8 billion with a projected 500+ licensed producers over the coming years. The complexities and regulations for this new industry present unique security challenges for both Licenced Producers, Retailers and Governments.
Thomas Gerstenecker, Founder and CEO of 3|SIXTY TRANSPORT LTD. explains the rational for the equity sale. "3|SIXTY TRANSPORT LTD. offers security and transport services tailored to the Canadian cannabis industry that are climate controlled, pallet & loading dock friendly, and backed with comprehensive cannabis-specific insurance coverage." Thomas goes on to say "we have seen fantastic growth, and see this growth accelerating with the legalization of recreational cannabis this summer. The funds generated by this ownership stake will allow us to invest in the assets needed to fuel our continued growth."
Todd Masse, President of CANNABIS COMPLIANCE INC. explains this strategic investment allows CCI to offer its clients the best security solutions in the country. "our clients need peace of mind to protect and insure their product and facilities. Once the transaction is complete CCI will provide its clients with total security coverage including:"
- Comprehensive Security plans for ACMPR and Dealer Licence Applications
- Equipment and installation via our large network of partners
- Health Canada Security and GPP Evidence Package
- Security audits and risk assessment
- Secure transport with GPS tracking
- 24/7 Site monitoring via CCTTY
- Climatized bio thermal packaging for transport of clone plants
- Armed guards for facilities or transport
Brian Wagner, Founder and CEO of CANNABIS COMPLIANCE INC., describes the rationale for making this investment: "CCI understands that getting any business off the ground is tough, and the cannabis industry is no different; in fact, with all its rules and regulations, it's harder" say's Mr. Wagner "but with CCI's Solutions Suite and our teams experience and expertise your goals are a lot closer than you think."
With this investment, CCI will be Canada's only full security firm, assisting our clients in their efforts to START, BUILD, AND GROW their cannabis business.
About CANNABIS COMPLIANCE INC.
CANNABIS COMPLIANCE INC. offers risk mitigation, due diligence and regulatory compliance for commercial cannabis producers and resellers around the world. We focus in the Global market, and provide our clients with trusted and comprehensive solutions. CCI has extensive expertise in regulatory compliance, cultivation/horticulture, security designs/tender, facility designs/build-outs, quality assurance programs, Import & Export, staff recruitment and financial planning. CCI exists to empower the future leaders in the global cannabis industry.
About 3|SIXTY TRANSPORT LTD.
3|SIXTY TRANSPORT LTD. is a multinational security services company led by one of the industry's top security professionals, Thomas Gerstenecker. We proudly offer customized security solutions to public and private sector clients across the globe. Our expertise covers secure transport, armed and unarmed security guarding, and personal protection. 3|SIXTY TRANSPORT LTD. also delivers detailed security audits, risk assessments and security management tools, as well as security training and analysis.
SOURCE Cannabis Compliance Inc.
For further information: For more information on CANNABIS COMPLIANCE INC. please visit www.cannabiscomplianceinc.com or Contact: Deepak Anand, Vice President, Government Relations, 236-889-4000, [email protected]