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3 Sixty Risk Solutions Ltd
Symbol SAFE
Shares Issued 143,913,042
Close 2019-01-22 C$ 0.55
Market Cap C$ 79,152,173
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3 Sixty to provide security to Ontario Cannabis Store

2019-01-23 07:40 ET - News Release

Mr. Carlo Rigillo reports


3 Sixty Risk Solutions Ltd., which operates through its wholly owned subsidiary, 3 Sixty Secure Corp., is supporting the Ontario Cannabis Store (OCS), which focuses on providing safe and responsible access to cannabis in Ontario. 3Sixty has entered into a multiyear agreement with OCS to provide secure transport services which contribute to the safe delivery of cannabis products within the OCS distribution network.

"I am extremely pleased that we were selected by OCS to provide security services and to contribute to safe and responsible access to cannabis in Ontario," said Thomas Gerstenecker, chief executive officer and founder of 3Sixty. "We believe that our agreement with OCS highlights the world-class quality of our security services and the impressive pedigree of our customer base. We continue to seek new services to offer to our existing customers and we are looking beyond our borders for geographic expansion opportunities that allow us to export our expertise across Canada, the U.S. and internationally as we seek organic growth and consider disciplined M&A opportunities to accelerate growth.

"Ontario, with a population of more than 14 million people, is Canada's largest cannabis market," added Mr. Gerstenecker. "Estimates by the federal government indicate that Ontario's potential market for cannabis is more than $2-billion which is a tremendous opportunity for 3Sixty and for Canada's 144 licensed producers, of which 76 are in the province of Ontario. 3Sixty has relationships with Canada's largest LPs, we continue to grow our customer base, and our agreement with the OCS is expected to contribute to significant growth at 3Sixty as the Ontario market develops."

About 3 Sixty Risk Solutions Ltd.

3 Sixty Risk Solutions, 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 Corp.

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