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ALMONTE, ON, Feb. 19, 2019 /CNW/ - 3 Sixty Risk Solutions Ltd. ("3Sixty" 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 James E. Wagner Cultivation Ltd. ("JWC") (TSXV: JWCA) within the province of Ontario, Canada's largest cannabis market. JWC recently announced several milestones which included its first shipment to the Canopy Growth Corporation's CraftGrow store during Q4 2018 and commenced construction on its second, 345,000 sq. ft., facility, JWC 2, which represents a significant increase in cultivation capacity for JWC and meaningful growth potential for 3 Sixty.
"We are extremely proud to have been selected by JWC, which exemplifies the entrepreneurial spirit of Canada's world-class cannabis businesses," said Thomas Gerstenecker, CEO and Founder of 3Sixty. "JWC has rapidly scaled from a company operating a state-of-the-art 15,000 sq. ft. facility to commencing construction on a facility more than 20 times the size, which will increase its target production to roughly 30,000 kg per year. We congratulate JWC on its growth and 3 Sixty is pleased to be able to offer secure transport services that can scale with JWC's impressive growth trajectory."
"3 Sixty holds a leadership position in cannabis-focused security," added Thomas Gerstenecker. "We provide world-class security services to our top-tier customer base and we continue to seek new services to offer to our existing customers. Additionally, a key tenet of our strategy growth plan is to leverage our expertise throughout Canada and to capitalize on the growing US and international markets organically and by identifying M&A opportunities using a disciplined approach. Growing customers, like JWC, are an important focus for the company and the expertise that we demonstrate every day will enable us to accelerate our growth with existing customers and in new geographies."
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 James E. Wagner Cultivation Corporation
JWC's wholly-owned subsidiary is a Licensed Producer under the Cannabis Regulations (called "C45Reg") and formerly the Access to Cannabis for Medical Purposes Regulations ("ACMPR"). JWC is a premium cannabis brand, focusing on producing clean, consistent cannabis. JWC uses an advanced and proprietary aeroponic platform named GrowthStormTM. JWC was founded as a family company and is based on family values. JWC began as a collective of patients and growers under the Marihuana Medical Access Regulations (the precursor to ACMPR). Since its inception, JWC has remained focused on providing the best possible patient experience. JWC's operations are based in Kitchener, Ontario. Learn more at www.jwc.ca
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]