SOURCE: Canna Security America

Canna Security America

April 19, 2016 08:14 ET

Canna Security America (CSA) Enters Joint Venture With Compliance Banking Solution (CFN) to Provide Cash Transport in Five Legalized States

DENVER, CO--(Marketwired - Apr 19, 2016) - Canna Security America (CSA) (OTCQB: CSAX), the leading comprehensive security solutions provider catering to businesses in the licensed cannabis industry, announces joint venture with the Compliance Financial Network (CFN), the most comprehensive banking solution provider in the cannabis industry.

Utilizing CSA's armored transport division named The Cloverton Group, CSA will be providing cash pickup, transport, and verification to CFN clients in five states including Colorado, California, Washington, Nevada, and Arizona to start.

The Cloverton Group was chosen for their attention to customer service, traceability procedures including historical GPS data and HD cameras recording all transaction details, banking relationships, and ability to provide custom solutions around CFN's procedural needs.

Dan Williams, CSA's Chief Executive Officer, states, "Working with and understanding CFN's process has been an absolute joy over these last months toward the common goal of a viable banking solution. After reviewing the many banking solutions available to the cannabis industry today, we found CFN to outweigh all others in their compliance procedures, proven experience, and banking services offered."

Christian Murray, CFN's Chief Executive Officer, states, "Our core needs require very specialized service levels for our network of clients. We worked very close with the CSA team to identify the right fit and working with them proved that that they brought a higher level of focus to the complexities of the industry.

"After evaluating several other providers, we found that CSA provided the highest levels of service, technology and overall experience that outshined the competition. We are pleased to be working with CSA and look forward to expanding nationwide together."

About Canna Security America (CSA)

With over 500 permitted facilities having Canna Security America (CSA) security systems installed across multiple states, all achieving a 100% licensing approval rating, Canna Security America (CSA) is recognized as the gold-standard in security services and technology for the cannabis industry. As a national leading security firm, CSA knows where risk points exist for cannabis businesses, and how to tailor services to ensure maximum loss prevention and legal compliance. As security industry experts headquartered in Denver, Colorado, CSA has expanded its operations to serve the increasing number of state licensed cannabis cultivators, processors, infused products manufacturers, and retailers in the United States. By assisting Colorado regulators in drafting the security requirements in 2009, CSA was also able to also seamlessly enter the Washington market and position itself as the first comprehensive national security solutions provider for the cannabis industry.

For more information please visit HTTP://WWW.CANNASECURITY.COM.

The Cloverton Group: A division of CSA

In 2015, CSA announced the release of their new physical security solutions division, The Cloverton Group, offering armored transport, armed and unarmed guards, comprehensive background checks, and risk management services. The Cloverton Group's guards are fully licensed and insured, and have a law enforcement or military background. Their new fleet of Mercedes-Benz Sprinter vehicles have been up-armored with the latest bullet-resistant technology, are GPS tracked, and equipped with the a 4-point camera system that transmits live streaming footage to their command center. This guarantees total traceability from pickup to drop-off and has become the standard for high-level banking compliance within the cannabis industry.

Forward-Looking Statements

The statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry as well as political and economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.

Contact Information

  • Canna Security America (CSA)
    Investor Relations:
    Daniel C. Williams
    Chief Executive Officer
    (720) 536-5824