Leading cannabis secured transport company calls for increased regulation of cannabis transport and security in light of recent industry theft
ALMONTE, Ontario, Dec. 24, 2019 (GLOBE NEWSWIRE) — 3 Sixty Risk Solutions Ltd. (“3 Sixty” or the “Company”) (CSE: SAFE) (OTCQB: SAYFF) (FSE: 62P2), which operates through its wholly-owned subsidiary, 3 Sixty Secure Corp., calls for increased regulation of cannabis transport and security in light of recent industry theft, and provides overview of services in relation to safe and secure movement of cannabis within Canada.
“The recent theft of a legal producer’s cannabis held in-transit by a third-party provider highlights the necessity for cannabis-specific secure transport within the chain-of-custody as a critical risk-mitigation initiative,” said Thomas Gerstenecker, founder and CEO of 3 Sixty. “While Health Canada has published important and useful guidance on cannabis transportation, we encourage regulators to go a step further to create, implement and audit regulations that protect clients, cargo and communities.”In 2019, 3 Sixty’s secure transport line of service has scaled across the country to enable effective and efficient movement of cannabis. To date, the company has moved more than 6,500 shipments of legal cannabis without incident.Overview of 3 Sixty services in relation to safe and secure movement of cannabis3 Sixty is an industry leader in Canada in seed-to-sale cannabis security solutions, from licensing application to regulatory compliance to transportation and site security. The Company offers a range of services to its clients. Being Canada’s pre-eminent secure transportation company for cannabis is one of the ways in which we secure our people, products and the places we travel through. We are your risk-mitigation solution not only with our processes, procedures and principles of secured transport, but also our cannabis-specific cargo insurance (which provides full recovery cost in the event of insurable loss versus standard cargo insurance that provides minimal to no actual coverage).3 Sixty has the tools, the people and the cannabis expertise, to apply risk mitigation principles to low, medium, and high-risk situations, all with a fulsome chain-of-signature, for all of our clients. We are the ONLY company to have a dedicated secure transportation pillar of business created to meet the high standards expected by Health Canada.Health Canada up to now, has established strict standards over the safety and quality of cannabis during transportation. Do your transportation protocols pass an audit of the regulatory requirements?
Health Canada has published guidance on cannabis transportation setting out key approaches to achieve compliance. We have established our fleet to meet all these requirements. At 3 Sixty we are your secured transportation compliance partner with our specially-equipped vehicles with GPS-tracked vehicles and real-time alerts for deviations temperature monitoring/control, transportation SOPs, tracking cannabis handling during distribution, and ensuring adequate sanitation, maintenance and environmental conditions of the carrier. 3 Sixty is dedicated to optimal quality, integrity and stability in the end-to-end delivery process for our clients. From quality professionals and regulatory affairs personnel to senior executives and Boards, our clients see us as their transportation compliance partner. The company doesn’t suggest an armoured / armed approach for all movements, but rather, tailored solutions that balance compliance, risk and cost-effectiveness, by ground and air freight across Canada and globally.About 3 Sixty Risk Solutions Ltd.3 Sixty Risk Solutions Ltd., operating through its wholly-owned subsidiary, 3 Sixty Secure Corp., is Canada’s leading security service provider to the cannabis sector, transporting millions of dollars of product every month. 3 Sixty now provides enhanced cash management, cannabis security consulting, guarding and secure transport security services to more than 650 customers and more than 100 cannabis licensed producers. 3 Sixty employs over 600 staff, operates a fleet of over 150 vehicles and is one of the largest cash management service providers in Canada. Find out more at www.3sixtysecure.com and follow us on Twitter, Instagram or Facebook.For further information regarding the Company, please contact:Carlo Rigillo, Chief Financial Officer, 3 Sixty Secure Corp.
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IR@3sixtysecure.comForward-Looking InformationThis 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. 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, 3 Sixty 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.