Immediately prior to the consummation of the Reverse Takeover, the funds raised by 3Sixty PrivateCo’s previously completed subscription receipt offering for gross proceeds of approximately $17.5 million were released from escrow and all subscription receipts purchased thereunder were exchanged for common shares of 3Sixty Privateco without any further action required on the part of the holders of the subscription receipts.
The global cannabis industry is projected to reach $146.4 billion by 2025, according to Grand View Research, representing a 34.6 percent compound annual growth rate. After legalizing cannabis on a federal level in October, Canada has become a world leader in the nascent industry. 3 Sixty Secure Corp. has become Canada’s leading security provider, with clients like Canopy Growth Corp. (TSX: WEED) (NYSE: CGC), The Ontario Cannabis Store, and The BC Liquor Distribution Branch.
Landlords leasing to a retail or commercial operation will also have to reassess their current insurance coverage Operators planning to enter the retail cannabis market should be setting up their security protocols now,” advises Thomas Gerstenecker, founder and CEO of 3|Sixty Secure, an Almonte, Ont.-based company that handles security needs from seed to sale for both cannabis producers and retailers across Canada and the U.S.
Petro Vista Energy Corp. (NEX: PTV.H) (“Petro Vista”) announces that it has entered into a definitive agreement dated November 9, 2018 (the “Definitive Agreement”) with 3 Sixty Secure Corp. (“3Sixty”), a privately held corporation existing under the provisions of the Business Corporations Act (Ontario) (the “OBCA”) and Total Cannabis Security Solutions Inc. (“TCSS”), a privately held corporation existing under the provisions of the OBCA, in furtherance of Petro Vista’s proposed business combination (the “RTO Transaction”) with an amalgamated corporation (“Amalco”) resulting from the prior amalgamation of 3Sixty and TCSS (the “PrivateCo Amalgamation”), all as previously disclosed in Petro Vista’s news release dated September 20, 2018, a copy of which, along with the Definitive Agreement, is available on Petro Vista’s company profile at www.sedar.com.
(“3Sixty” or the “Company”) is pleased to announce that it has closed a private placement (the “Offering”) of subscription receipts (the “Subscription Receipts”) for gross proceeds of approximately $17.5 million. A total of 20,590,000 Subscription Receipts were sold at a price of $0.85 per Subscription Receipt. Each Subscription Receipt will automatically convert to one common share of the amalgamated company (“Amalco”) to be formed upon the completion of the Company’s previously announced amalgamation (the “PrivateCo Amalgamation”) with Total Cannabis Security Solutions Inc. (“TCSS”), upon the satisfaction of certain conditions, including the completion of the previously announced reverse take-over of Petro Vista Energy Corp. by Amalco (the “RTO Transaction”) and acceptance for listing of the common shares of the resulting issuer (the “Resulting Issuer”) under the RTO Transaction on the Canadian Securities Exchange (“CSE”). The Amalco shares will then be automatically and immediately exchanged for common shares of the Resulting Issuer without any further action on the part of the holders of Amalco shares.
Under the terms of the MOU, signed on September 26, 2018, 3 Sixty will refer business to Avante on a preferred basis for a number of services ancillary to the cannabis industry, including certain executive security and residential services, integrated security systems and risk management & due diligence services related to employees and contractors, such as employee background screening and duty of care compliance programs, and Avante will refer business to 3 Sixty on a preferred basis for a number of services relating to the cannabis industry, including supply chain transport and on-site guarding security of cannabis facilities.
Petro Vista Energy Corp. (NEX: PTV.H) (“Petro Vista”) announces that it has entered into a letter of intent (the “Letter Agreement”) with 3 Sixty Secure Corp., a privately held corporation existing under the provisions of the Canada Business Corporations Act (“3Sixty”)…
As a leader in secure transportation of cannabis, Thomas Gerstenecker is helping to set standards by which cannabis will move securely from Licensed Producers (LPs) to markets across Canada. “Once recreational use is legalized, the role of security service providers will be expanded from within licensed facilities to applying these services to the retail market,” he said.
The founder and CEO of 3|Sixty Secure Corp. describes the risk management approach he employs in helping Licensed Producers (LPs) transport cannabis securely. “Regardless of the size of the operation, every LP should look at the security of their supply chain, including how they transport their product,” he writes. As a leader in the field of secure transport of cannabis, Thomas offers tips on the kinds of guarding, types of […]
When a writer from High! Canada saw 3|Sixty’s booth at a cannabis expo…