Canna Security America (OTCBB:CSAX), a Denver-based company that provides effective security solutions that include alarms, door access systems, video surveillance, security system design, and state licensing consulting to cannabis businesses has completed its merger and begun to trade as a public company. Gibraltar Advisors, a financial advisory company specializing in working with companies whose market capitalization is $100 Million and under, assisted the company with this process. This announcement marks a major achievement in the growth strategy of a company that’s recognized as the gold-standard in security services and technology for the cannabis industry.
A number of risk points exist for cannabis businesses, such as loss prevention and legal compliance. Working directly with state lawmakers and regulators since the company’s inception in 2009, Canna Security America’s security consultants tailor site and budget-specific electronic video surveillance, access control, and perimeter security systems to each client's requirements.
“As our business continues to grow and expand to multiple states and an increasingly diverse set of clients, it is critical that we have access to the proper capital to support and fund this growth,” said Dan Williams, CEO of Canna Security America. “This is why we chose Gibraltar Advisors to take us public and best position us in the capital markets. I would like to recognize and thank Jon Doukas, from Gibraltar Advisors, for his invaluable assistance in helping to guide CSA through this process.”
Growing from six to 29 employees in the last twelve months, Canna Security America currently services over 130 clients in over 400 facilities in 14 legal marijuana states, all of which have achieved a 100% licensing approval rating. In 2015, the company announced The Cloverton Group, their new physical security solutions division. Through this division, the company offers armored transport, armed and unarmed guards, comprehensive background checks, and site risk assessments.
Canna Security America continues to have an unparalleled reputation for quality and dependability with customers who have endorsed the company’s growth in this sector. Now a publicly traded company, along with the addition of a security solutions division, the company continues to strategically position themselves as the premiere comprehensive national security solutions provider for the cannabis industry.
For more information about Canna Security America, visit www.cannasecurity.com.
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