Company Finds Major Opportunity in Tailored Security Solutions for the Marijuana Cultivation Growth Boom
NEW YORK, October 25, 2017 /PRNewswire/ DirectView Holdings, Inc. (OTC:DIRV) (“DirectView” or the “Company”), a company focused on ownership and management of leading video and security technology companies, announced today that the company’s operations now adjoin with the $7.8 billion cannabis industry as a premier supplier of security equipment and infrastructure tailored for cultivators. Sundance Gardens (“Sundance”), a state-of-the-art marijuana grow facility located in Denver, Colorado, has ordered DirectView to conduct a fundamental overhaul and upgrade of all security equipment and infrastructure, and to continue to service an ongoing contract securing the 15,000+ square foot Sundance Gardens cultivation facility.
The move comes in the wake of a major acceleration in sales growth for Sundance Gardens, which finds itself in the fold of a major sector-wide growth boom among marijuana producers. The order represents return business for DirectView, who was originally awarded equipment installation and security servicing at the Sundance facility. DirectView management believes this may be one of many contracts predicated on the theme of a need for greater security measures at marijuana cultivation facilities in Colorado and elsewhere across the United States.
Comments from Jason Ray, owner and operator of Sundance Gardens, suggest that DirectView has both future business with Sundance as well as a strong advocate in the tight-knit Colorado cultivators community. Mr. Ray states, “I would use DirectView for any new facilities that Sundance Gardens will build in the future when we expand our brand into other states. We here at Sundance Gardens couldn’t be happier with their highly advanced security systems and would recommend them to anyone who is getting into this industry and building out a grow facility or Dispensary.”
According to a recent report in Forbes, New Frontier Data projects that the legal cannabis market will grow at a compound annual rate of 17%, making it one of the fastest growing major industries in North America over coming years. Medical marijuana sales are projected to grow from $4.7 billion in 2016 to $13.3 billion in 2020. Adult recreational sales are estimated to jump from $2.6 billion in 2016 to $11.2 billion by 2020.
Roger Ralston, DirectView CEO, states, “There is no denying the massive growth boom going on in the marijuana marketplace. As these small farms and grow operations turn into big businesses handling millions of dollars in merchandise and capital, we anticipate many will come to find that an initial or upgraded security infrastructure is simply a new necessary cost of doing business. We have made it a primary objective of this Company to be the leader in attending to that need for years to come.”
Moreover, the massive growth boom in the cannabis complex implies dramatic expansion at cultivation facilities, as well as more valuable goods and capital on hand at those facilities, all of which in turn implies a boom for those involved in supplying, installing, and upgrading the equipment and infrastructure securing those facilities. The Colorado marketplace is ground zero for this boom, and DirectView already appears to have a strong foothold on penetration into that market space.
About Sundance Gardens
Sundance Gardens is a premier Recreational Grow facility located in Denver Colorado. The company was founded on the principles of great plants. Here at Sundance Gardens, we believe pampered plants make for a better, more potent product. Our staff is highly trained and experienced in the marijuana cultivation field. Each staff member was carefully screened not only for experience, but the quality of experience. Sundance Gardens strives for the best grown marijuana in the state. Our clients are saying the same, too. For more information on Sundance Gardens, please visit us at www.sundancegro.com
About DirectView Holdings, Inc.
DirectView Holdings, Inc., (DIRV) together with its subsidiaries, provides video surveillance solutions and teleconferencing products and services to businesses and organizations. The company operates in two divisions, Security (Video Surveillance) and Video Conferencing. The Security division offers technologies in surveillance systems providing onsite and remote video and audio surveillance, digital video recording, and services. It also sells and installs surveillance systems; and sells maintenance agreements. The company sells its products and services in the United States and internationally through direct sales force, referrals, and its Websites. The Video Conferencing division offers teleconferencing products and services that enable clients to conduct remote meetings by linking participants in geographically dispersed locations. It is involved in the sale of conferencing services based upon usage, the sale and installation of video equipment, and the sale of maintenance agreements. This division primarily provides conferencing products and services to numerous organizations ranging from law firms, banks, high tech companies and government organizations. For more information visit our websites at www.DirectView.com, www.ApexCCTV.com and www.VS-US.com and connect with us on Twitter, LinkedIn, Facebook, and Google+.
Cautionary Statement Regarding Forward Looking Statements
Forward Looking Statements: This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook of the Company’s business and results of operations. By nature, these risks and uncertainties could cause actual results to differ materially from those indicated. Generally speaking, any statements using terms such as “will,” “expect,” “anticipate,” or “may,” or which otherwise predict or address future results or events, are likely to contain forward-looking statements. It is important to note that actual results may differ materially from what is indicated in any forward-looking statement. Readers should consider any forward-looking statements in light of factors that could cause actual results to vary. These factors are described in our filings with the SEC, and readers should refer to those filings, including Risk Factors described in those filings, in connection with any forward-looking statements. 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.