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I love it when a plan comes together.

Canada’s first cannabis security pubco certainly fits into that description, as 3 Sixty Secure Corp (SAFE.C) has gone on a run on the second day of its market existence.

The company’s stock ran 54.9% up today, a $0.28 jump from it’s $0.51 opening day close.

SAFE’s first day of trading was punctuated by high volatility and large trading volume, with over 2.5m shares changing hands.

That was a trend repeated to a lesser extent on day two, but with far more buying than selling, but for a little profit taking late in the day, right before a final buying spike ran it over its high.

The company boasts a significant customer base, including some of Canada’s biggest licensed producers:

Operationally, the company is pleased to report that its two major business segments experienced meaningful growth in the three months ended Nov. 30, 2018:

  • 3 Sixty exited August, 2018, with more than 40 secure transport and guarding customers and more than 400 security consulting clients.
  • On a percentage basis, guarding and secure transport customers experienced the highest growth, up approximately 65 per cent following the addition of 27 new customers.
  • On an absolute basis, security consulting experienced the largest uptick in clients with the addition of 82, up approximately 20 per cent in the period.

3 Sixty also converted five security clients from Total Cannabis Security Solutions, one of the companies involved in it’s go public transaction, and has added David Hyde, founder of David Hyde & Associates, Canada’s leading cannabis consulting firm, as President.

At present time, they’re transporting approximately $250m in product every month, with over 60 LPs as clients.

For more information about SAFE, see our story lining up their opening day.

Let’s talk weed infrastructure: 3 Sixty Secure Corp (SAFE.C) to debut Tuesday

— Chris Parry

FULL DISCLOSURE: 3 Sixty is an Equity.Guru marketing client

Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

Chris Parry

Chris Parry is a two-time Webster Award winning journalist who has been featured in the pages of The Vancouver Sun, The Province, National Post, Spin, Hollywood Reporter, FHM, Stuff, and Stockhouse. He was the first business journalist to identify and focus on the move to marijuana as an investment opportunity, and started Equity.Guru as a venue for honest, no punches pulled coverage of the North American public markets.

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