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.

https://equity.guru/2019/01/08/lets-talk-weed-infrastructure-3-sixty-secure-corp-safe-c-debut-t/

— Chris Parry

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

Written By:

Chris Parry

A multi-Webster Award winner for excellence in BC journalism, Parry is the founder and publisher of Equity.Guru, which he built with the specific plan to blend old school reporting with stock promotion, in a way that puts the emphasis on truth, high standards, and ethics. Parry is a veteran of TV, radio, and print, and consults with public companies to help them figure out their storylines, lay down achievable milestones, and improve their communication with shareholders, while also posting regular deep dive analysis of companies in the public spotlight.

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