Blue Line Protection Group Ensures Safe Lawful Cannabis Operations in Downtown Denver Retail District
DENVER, CO–(Marketwired – Apr 2, 2015) – Blue Line Protection Group, Inc.(OTCBB: BLPG) (OTCQB: BLPG), a leader in providing regulatory compliance, security consultation and protection services to high-value asset industries, today announced its new security and transportation service agreement with Colorado-based Euflora retail marijuana dispensaries.
“We’re pleased to be present in the heart of downtown Denver, protecting a premier cannabis establishment serving a worldwide audience,” said Sean Campbell, Blue Line’s Chief Executive Officer. “Our new relationship with Euflora’s retail marijuana establishments is evidence that Colorado’s lawful cannabis industry can operate in a safe, secure and responsible manner in the center of a major metropolitan city.”
According to the service agreement, Blue Line will provide armed security personnel to Euflora’s three retail marijuana dispensaries: one located in Denver, and the other two located in Aurora, Colorado. Blue Line will also provide secured transportation services between Euflora’s cultivation facility and dispensaries. “By validating all customers entering Euflora’s retail locations and managing the transportation of their lawful marijuana products,” said Ricky G. Bennett, Blue Line’s Vice President of Operations and Compliance, “we can help ensure Euflora is complying with all necessary local, state and federal guidelines relating to marijuana-related businesses.”
Euflora’s Denver dispensary is located on Denver’s famous 16th Street Mall, within walking distance to the Denver Convention Center, the Pavilions Mall, Union Station and more. “Our central Denver location makes Euflora the perfect destination for Colorado residents, as well as for people visiting our city from around the world,” said Jamie Perino, Euflora’s co-owner and Chief Operations Officer. “We’re surrounded by internationally known restaurants and popular bars and nightlife destinations, and now we can tap into that eclectic customer base with our wide variety of strains, edibles and cannabis accessories.”
The contract with Euflora is expected to generate over $250,000 in gross annual revenue for Blue Line. “We’ve seen several recent examples of criminal activity directed towards the lawful cannabis industry,” said Michael Jerome, Blue Line’s Vice President of Media and Public Relations. “When you consider the tremendous risk some businesses are taking by not protecting their cultivation facilities, transport vehicles and staff, our services provide crucial peace of mind to our clients. They don’t want to risk losing hundreds of thousands of dollars in product, and they appreciate the immediate response our on-site security staff can provide.”
In addition to protection and transportation services, Blue Line’s operations and compliance consultants also help marijuana businesses develop transparent relationships with banks, offering the industry-leading independent, third-party compliance solution to financial institutions that need to comply with federal guidelines, including Cole Memo and FinCEN requirements.
About Blue Line Protection Group, Inc.
Blue Line Protection Group provides secured transportation, state and federal regulatory compliance, security consultation and training, and professional protection services to high-value asset industries. The company’s security operators, investigations personnel and consulting staff are highly trained professionals with significant experience in law enforcement and the United States armed forces. For more information, visitwww.BlueLineProtectionGroup.com.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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