GREY:SAYFF - Post by User
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Chefboy69on Jan 21, 2019 8:08am
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Globe says new coverage rates 3 Sixty "speculative buy"
Globe says new coverage rates 3 Sixty "speculative buy" Globe says new coverage rates 3 Sixty "speculative buy"
2019-01-21 07:58 ET - In the News
The Globe and Mail reports in its Saturday edition that Canaccord analyst Doug Taylor began coverage on 3 Sixty Risk Solutions with a "speculative buy" recommendation. The Globe's David Leeder writes in the Eye On Equities column that Mr. Taylor targets the shares at 85 cents. Mr. Taylor says in a note: "The recent combination of 3 Sixty Secure Corp. and Total Cannabis Security Solutions married a leading consultant in cannabis security with a provider of guard and secure transport services. The resulting entity has seen, and is expected to continue to see, substantial growth as licensed producers grapple with the practical and regulatory requirements of securing and transporting large amounts of cannabis. The company's operating and financial track record is limited at this point -- this informs our speculative rating -- but we see the opportunity for attractive shareholder returns as 3 Sixty's growth trajectory is confirmed. 3 Sixty combines privileged customer relationships (through its consulting business), customized vehicles, and a one-stop shop approach to cannabis security (vs. traditional security and logistics vendors). The company has already established relationships with most top Canadian players."
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[url=https://www.stockwatch.com/News/Item.aspx?bid=Z-C:SAFE-2708524&symbol=SAFE®ion=C][/url]