3 Sixty Secure Corp. to Provide Secure Transport and Guarding Services to Up Cannabis

Published: March 13, 2019

3 Sixty Secure Corp. to Provide Secure Transport and Guarding Services to Up Cannabis

3 Sixty Risk Solutions Ltd. announced that the Company, which operates through its wholly-owned subsidiary, 3 Sixty Secure Corp., is providing secure transport and guarding services to Up Cannabis Inc., a wholly-owned subsidiary of Newstrike Brands Ltd. The significant growth potential of Up Cannabis, with provincial distribution agreements in seven provinces and expansion underway to increase annual production capacity to over 40,000 kilograms, is well aligned with 3 Sixty’s strategic priorities which include significant organic growth by adding new customers and the expansion of security services offered to existing customers within the recently legalized cannabis industry.

“We have been extremely impressed with the cadence and quality of agreements that Up Cannabis has announced,” said Thomas Gerstenecker, CEO and Founder of 3 Sixty. “The company is building an iconic brand that resonates with Canadian consumers and it continues to build a national distribution network for Up Cannabis products. We are thrilled to have been selected by Up Cannabis to provide guarding services and secure transport for a company with clear growth ambitions, tremendous production capacity, and supply agreements in place that can support its strategic intentions.”

“Following a thorough assessment of security providers, we are satisfied that the world-class security services provided by Thomas and his expert team at 3 Sixty are the best choice to ensure the safety of our facilities and products,” said Jay Wilgar, CEO of both Newstrike and Up Cannabis. “We’re also pleased to know that we’re in good company, as 3 Sixty counts both the Ontario Cannabis Store and a number of other Licensed Producers as clients, apart from having recently acquired David Hyde & Associates, a recognized leader in cannabis security who helped us build our flagship facility in Niagara.

“As we continue building a best-in-class distribution network for Up Cannabis products from coast to coast, the need for safety and reliability is critical. Working with a company that has expertise in cannabis security ensures that our supply chain is protected, and that our employees and customers remain safe,” Wilgar added.

With agreements in place with seven provincial distributors, Up Cannabis operates within an elite group of Licensed Producers. Health Canada has issued licences to more than 100 entities under the Cannabis Act, and Up Cannabis is one of only seven with provincial agreements in at least seven provinces.