SOURCE: Canna Security America

Canna Security America

April 08, 2016 12:50 ET

Canna Security America (CSA) Posts a 17% Growth in Revenues 1st Quarter 2016 Over 1st Quarter 2015

DENVER, CO--(Marketwired - Apr 8, 2016) - Canna Security America (CSA) (OTCQB: CSAX), the leading comprehensive security solutions provider catering to businesses in the licensed cannabis industry, is pleased to report a 17% increase in revenues over last year at this time. CSA also is in current negotiations with multiple national organizations that offer a banking solution for the cannabis industry. We look forward to providing a detailed summary of events as they move through the final stages.

Dan Williams, CSA's Chief Executive Officer, states, "I would like to thank our amazing team for their hard work and dedication. We still have much work to do, however the efforts of our team are getting us to that juncture in a more rapid fashion. We are proud to be considered by the many providers and dispensaries as their security solution and look forward to updating our loyal shareholders as we close these contracts."

About Canna Security America (CSA)

Since 2009, Canna Security America (CSA) has provided the most comprehensive security solutions offering to the cannabis industry understanding the specific needs of this market due to strict state-by-state regulations and licensing restrictions. CSA often consults with state officials regarding security regulation structures as they did with Colorado State in 2010.

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 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.

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Contact Information

  • Contact:
    Canna Security America
    Investor Relations:
    Tom Siciliano
    Chief Operating Officer
    720-573-4484