Under the terms of the MOU, signed on Sept. 26, 2018, 3|Sixty will refer business to Avante on a preferred basis for a number of services ancillary to the cannabis industry, including certain executive security and residential services, integrated security systems and risk management & due diligence services related to employees and contractors, such as employee background screening and duty of care compliance programs, and Avante will refer business to 3|Sixty on a preferred basis for a number of services relating to the cannabis industry, including supply chain transport and on-site guarding security of cannabis facilities.
Petro Vista Energy Corp. also recently announced that it has entered into a letter of intent with 3|Sixty and Total Cannabis Security Solutions Inc. whereby it has agreed to complete a transaction that will result in the reverse takeover of Petro Vista by 3|Sixty and TCSS.
“We are very pleased to enter into this partnership with 3|Sixty, a partnership that allows us a unique opportunity to partner with a market leader to provide services that are focused on each of our core competencies,” said Craig Campbell, CEO and director of Avante, in a statement. “3|Sixty, when combined with TCSS, will have a very strong customer base with more than 400 customers, including a number of Canadian licensed producers and license applicants, and we believe that partnering with 3 Sixty will allow them to deliver greater value to their core customer base by offering a holistic cannabis security solution. We look forward to a mutually rewarding partnership that is expected to create value for all stakeholders.”
Thomas Gerstenecker, founder and CEO of 3|Sixty Secure Corp., said, “Entering into a strategic partnership with Avante will provide 3 Sixty with additional capabilities to deliver holistic security solutions, including systems integration for the cannabis sector and other vertical markets, particularly after the recent Avante acquisition of Veridin Systems Canada Inc., a leader in enterprise-level security systems, access control systems and CCTV security solutions also serving the cannabis sector.”
Avante announced its acquisition of Veridin last month.