SOURCE: Blue Line Protection Group

Blue Line Protection Group

May 12, 2016 08:39 ET

Blue Line Protection Group Engages Viridian Capital Advisors

DENVER, CO--(Marketwired - May 12, 2016) -  Blue Line Protection Group, Inc. (OTCQB: BLPG), a leading security, transportation and risk mitigation solutions provider for financial institutions servicing the legal cannabis industry, is pleased to announce that it has engaged Viridian Capital Advisors for financial and corporate advisory services.

Blue Line manages security operations for Colorado's most prominent lawful cannabis dispensaries and cultivation facilities through its armed security, armored transportation and compliance investigations services. Blue Line mitigates the industry's operating risks by staffing locations with trained, licensed and professional security personnel; transporting lawful product and currency in secure, armored and insured vehicles; and helping banks comply with federal "know your customer" requirements with on-site compliance investigations.

"Our company has been growing and expanding operations within the legal cannabis industry and adding new value-added services for our clients," said Daniel Allen, Blue Line's Chief Executive Officer. "As we build upon our market leadership, we knew it was time to engage the right financial and strategic advisory firm. We chose Viridian Capital Advisors because of their knowledge, presence and influence within the cannabis industry and the investment community at large."

Scott Greiper, President of Viridian Capital Advisors, commented, "The cannabis industry is facing critical security challenges because of the lack of commercial banking opportunities and the resulting 'cash only' nature of cannabis dispensaries, cultivation facilities and product manufacturers. This has driven an increasingly critical need for sophisticated security solutions that solve perimeter security, insider theft, state and federal compliance, loss prevention and cash management challenges. Blue Line Protection Group is the only company in the industry that we found that provides an integrated suite of solutions that addresses these issues."

With its new operations headquarters opening soon, Blue Line will add secure vaulting, safe deposit box and cash processing facilities to its suite of services. Its new Vaulting Services Division will offer regional financial institutions the ability to mitigate their risks by having an independent, secure, third-party facility transport and process the currency flowing through the legal marijuana industry and other cash-intensive industries throughout Colorado.

About Blue Line Protection Group, Inc.

Blue Line Protection Group provides consulting, armed security, compliance and investigations, transportation and secure vaulting services to banks, businesses and government entities who need to protect their assets, licenses and clients. Blue Line serves banks and credit unions by providing currency processing and transportation solutions, and its risk mitigation services help financial institutions serving cash-intensive industries comply with federal "know your customer" mandates. For more information, visit www.BlueLineProtectionGroup.com.

About Viridian Capital Advisors, LLC

Viridian Capital Advisors, LLC is a financial and strategic advisory firm dedicated to the Cannabis market. Our banking practice, through broker-dealer Pickwick Capital Partners, provides capital and M&A to fund the growth of our clients, while our advisory practice helps to position and build their business. Leveraging our team's decades of high level operating and transactional experience on Wall Street, in industry and in the government, we provide flexible comprehensive strategic and financial solutions that assist cannabis enterprises in realizing their full potential. For more information, please visit www.viridianca.com.

Safe Harbor Statement

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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