Publish Date : 21-Feb-2018
DirectView Holdings, Inc. (DirectView or the Company), a company focused on ownership and management of leading video and security technology companies, announced today that it has been selected to provide comprehensive security solutions for a new multi-level state-of-the-art CBD processing facility in Northern California, including the installation of all security equipment and infrastructure, as well as the servicing of an ongoing security contract at the facility.
Level 5 Custom Processing, Inc., an emerging CBD processing hub serving the greater California cannabis marketplace, is located in Mendocino County, CA. The facility is set on two floors, with significant space dedicated to manufacturing and handling product assets. DirectView will be tasked with the installation of substantial security infrastructure, including a large number of DirectView IP surveillance cameras, as well as ongoing deployment of full security services at the facility.
John Temple, Level 5 Custom Processing, Inc. CEO, comments, Security is critical to us. Working with strong stable companies is important to us as we move forward. Were looking forward to working with DirectView Holdings.
Management believes this contract will provide the Company with a foot in the door as a leader in security infrastructure and services for businesses involved in the booming $3.7 billion California cannabis marketplace. DirectView has already established itself as a top-tier provider of tailored security solutions for cannabis-related businesses, particularly in Colorado, where the Company has forged a strong reputation with multiple major clients.
Roger Ralston, DirectView CEO, states, We continue to find huge opportunities servicing the massive growth boom going on in the cannabis marketplace. With its legalization move this year, California is quickly becoming the most important market in that boom, and this new contract puts DirectView squarely on that playing field.
The California cannabis market is expected to hit nearly $4 billion in 2018 sales, and increase to over $5 billion in 2019, according to a new report from Business Insider citing research by leading firm BDS Analytics. Management believes this demand-driven boom will foster enormous new infrastructure, including many more establishments similar to the Level 5 Custom Processing facility. With strict regulatory requirements in place necessitating capital spend on comprehensive security measures in all such facilities, the boom continues to represent a defining opportunity for the Company going forward.
Mr. Ralston continues, We expect more deals like this to come our way because the space is growing at breakneck speed and all of these businesses have regulatory requirements to install and manage fully-secured facilities. We were already setting new Company sales growth records so far in 2018, and this should simply add fuel to the fire.
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