NEW YORK, January 14, 2019 /PRNewswire/ --
Cannabis is becoming increasingly used around the globe due to its therapeutic effects. Although many countries are exploring
the cannabis industry for medical purposes, the recreational market is still prosperous. The recreational market is primarily
driven by the U.S., even though cannabis is only legalized for recreational use in 10 states and the District of Columbia. However, with Canada's recent legalization of
cannabis for both markets last year, a major milestone was reached by the industry. According to data compiled by Verified Market
Intelligence, the global cannabis market was valued at USD 42.20 Billion in 2017 and is projected
to reach USD 466.81 Billion by 2025. Additionally, the market is expected to grow at a CAGR of
35.3% throughout the forecast period, from 2018 to 2025. The market is expected to continue its acceleration due to the rising
use of cannabis for therapeutic applications as well as the widespread legalization. 3 Sixty Risk Solutions Ltd. (CSE:
SAFE), Canopy Growth Corporation (NYSE: CGC), Constellation Brands, Inc. (NYSE: STZ), Aurora Cannabis Inc. (NYSE:
ACB), Pyxus International Inc. (NYSE: PYX)
The cannabis industry is quickly gaining attention among entrepreneurs. While the majority are looking to become distributors,
retailers, or cultivators, the thriving cannabis market has led to the creation of new jobs. Security services have come into the
spotlight now that cannabis businesses are in need of protection. Cannabis security companies primarily offer services like
camera monitoring or alarm systems, but now cannabis transportation security is being heavily demanded as companies are looking
for means to safely deliver cannabis between retail locations and growers. Additionally, due to banks being barred from doing
business with cannabis-related entities, they are looking to move their money with the use of armored transportation security
services. "Because most major banks are regulated at a federal level, and cannabis is still prohibited federally, businesses that
operate in states where cannabis is legal are still unable to put their money in banks or operate business banking accounts. Why
does this matter? Well, this creates a need to move large amounts of cash safely, therefore bringing in the need for armored
vehicles. Beyond cash, cannabis businesses need a secure way to move valuable products and inventory, and we're talking very
valuable products," Chris Laurenzo wrote in a post on The DMS Group.
3 Sixty Risk Solutions Ltd. (CSE: SAFE) listed on the Canadian Stock Exchange under the ticker 'SAFE', just
announced breaking security services cannabis news that, "3 Sixty Secure Corp, a wholly-owned subsidiary of 3Sixty, has entered
into a three-year master services agreement to provide security services to Canopy Growth Corporation ("Canopy Growth") (TSX:
WEED) (NYSE: CGC) across Canada. As part of the agreement, 3 Sixty Secure Corp. will provide
24/7 guarding services to protect Canopy Growth's Canadian facilities, as well as other security services as required. The
agreement will include all existing and future Canopy Growth facilities across Canada. The
agreement with Canopy Growth expands services to include all of its national facilities and extends the prior agreement from a
one-year term to a three-year term.
"Reaching an agreement that extends and expands security services provided to Canopy Growth marks another important milestone
for 3Sixty as we continue to assert ourselves as leaders in cannabis security," said Thomas
Gerstenecker, CEO and Founder of 3Sixty. "I believe that our selection by Canopy Growth, a world-leading cannabis company,
reaffirms the quality of our protective service offerings and supports our position as a leader in security services. Our sales
pipeline is robust, and we are engaged with numerous companies seeking leading security solutions tailored to the cannabis
industry and within non-core industries that require a full-spectrum of exceptional security services and solutions."
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 250 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 Canopy Growth Corporation - Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct
brands and curated cannabis varieties in dried, oil and Softgel capsule forms. From product and process innovation to market
execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one
product, site and country at a time. Canopy Growth has operations in 12 countries across five continents. Canopy Growth is
proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public's
understanding of cannabis, and through its wholly owned research arm, Canopy Health Innovations, has devoted millions of dollars
toward cutting edge, commercializable research and IP development. Through partly owned subsidiary Canopy Rivers Corporation,
Canopy Growth is providing resources and investment to new market entrants and building a portfolio of stable investments in the
sector. From our historic public listing on the Toronto Stock Exchange and New York Stock Exchange to our continued international
expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth. Canopy Growth has
established partnerships with leading sector names including cannabis icon Snoop Dogg, breeding legends DNA Genetics and Green
House seeds, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates ten licensed cannabis
production sites with over 4.3 million square feet of production capacity, including over 500,000 square feet of GMP certified
production space. For more information visit http://www.canopygrowth.com."
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Canopy Growth Corporation (NYSE: CGC) is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis
varieties in dried, oil and Softgel capsule forms. Recently, Canopy Growth Corporation, through its Latin American-focused
subsidiary, Canopy LATAM Corporation, introduced Spectrum Cannabis Peru S.A.C., the newest member of the growing global Spectrum
Cannabis family. This announcement directly supports Canopy Growth's strategy of securing first mover advantage to realize the
opportunities generated by evolving cannabis regulations across the region and the world. Until regulations are published
supporting patient access to medical cannabis, Spectrum Cannabis Peru will focus on advancing education activities, including
working closely with the medical community to foster greater understanding of the potential uses of medical cannabis while
reducing stigma.
Constellation Brands, Inc. (NYSE: STZ) earlier last year announced the
closing of Constellation's $5 billion CAD ($4 billion USD) investment
in Canopy Growth. The transaction was approved by an overwhelming majority of Canopy Growth shareholders and has been granted all
required regulatory approvals, including by the Canadian government under the Investment Canada Act. According to the company
this investment provides Canopy Growth with significant funding needed to build scale in the more than 30 countries currently
pursuing federally permissible medical cannabis programs, while establishing the foundation needed to supply new recreational
adult-use markets as cannabis becomes legal in markets around the world. "We're excited to expand our strategic partnership with
Canopy Growth and to begin helping them build the global scale needed to win long-term," said Rob
Sands, chief executive officer, Constellation Brands. "The global cannabis market presents a significant growth
opportunity and Canopy Growth is well-positioned to establish a strong leadership position in this fast-evolving category."
Aurora Cannabis Inc. (NYSE: ACB), headquartered in Edmonton, Alberta, Canada with
funded capacity in excess of 500,000 kg per annum and sales and operations in 22 countries across five continents, is one of the
world's largest and leading cannabis companies. Aurora Cannabis Inc. recently announced that it had entered into an agreement to
invest USD 10 Million by way of brokered private placement in High Tide Inc., a privately held,
Alberta-based, retail-focused cannabis and lifestyle accessories company. In total, Aurora will
receive 10,000 senior unsecured convertible debentures issued by High Tide priced at USD 1,000 per
debenture, bearing an interest rate of 8.5% per annum, and convertible in aggregate to 13,333,333 common shares of High Tide at
USD 0.75 per share. "In addition to four operational cannabis retail stores, High Tide has
developed a broad network of smoking accessories and cannabis lifestyle stores that feature unique products, supported by strong
branding that has resonated well with Canadian consumers," said Terry Booth, Chief Executive
Officer of Aurora. "Through our investment, we gain exposure to two unique retail store concepts currently launching across
Canada, as well as established cannabis culture brands and thousands of proprietary accessories.
We look forward to working with the team at High Tide and supporting them as they execute on their aggressive growth
strategy."
Pyxus International Inc. (NYSE: PYX) is a global agricultural company with 145 years' experience delivering value-added
products and services to businesses and customers. Pyxus International, Inc. recently announced that its joint venture,
Criticality, an integrated North Carolina-based industrial hemp company operating under
North Carolina's industrial hemp pilot program, has launched "Korent," its new line of
cannabidiol (CBD) oil products. Korent's full-spectrum oil drops are available in Vanilla Mint and Grape flavors, in multiple
sizes and concentrations. Flavors were custom designed for hemp products in partnership with Purilum, LLC, a leading flavor
manufacturer and Pyxus-affiliated company. "Criticality's science-based approach to the extraction, refinement and formulation of
high-quality CBD products makes it well positioned in the market and presents a huge growth opportunity for both Criticality and
Pyxus," said Pieter Sikkel, Pyxus' President, Chief Executive Officer and Chairman of the
board.
For our "Buzz on the Street" Show featuring 3 Sixty Risk Solutions Ltd. latest corporate news, please head over to: https://www.youtube.com/watch?v=FLUgUjNfCKs
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