DENVER, CO, Dec. 14, 2017 (GLOBE NEWSWIRE) -- Canna Security America (CSA) (OTCQB: CSAX), the leading comprehensive security solutions provider catering to businesses in the licensed cannabis industry, is pleased to report revenues have increased by 25% for the three months ended September 30, 2017, compared to the same period in 2016. For the nine months ended September 30, 2017, revenues increased 115% compared to the first nine months of 2016.
“Our revenue growth continues to look strong going into next year with the continued increase of cash transport business. Plus, we are excited about landing one of the largest and most impressive grows in California,” states Tom Siciliano, CSA President.
The high growth is due in large part to the expansion of CSA’s cash transport business, a service that has increased in revenue over 600% from January to the end of November 2017. Having recently added their third banking relationship in Colorado, CSA further broadens the available options for their cannabis clients for cash transportation, processing, change orders and delivery to the Federal Reserve.
Canna Security America has installed over 500 security systems, all achieving a 100% licensing approval rating, and is recognized as the gold standard in security services and technology for the cannabis industry. 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. For more information, visit: www.cannasecurity.com.
Forward-Looking Statements
The statements in this press release constitute forward-looking statements within the meaning of federal securities law. 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 and forward-looking statement to reflect events or developments after a forward-looking statement was made.