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710 Security Acquires Leif Alert In Consolidation of Colorado Cannabis Security Firms

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710 Security Acquires Leif Alert In Consolidation of Colorado Cannabis Security Firms

Cannabis security firm 710 Security, LTD announced the acquisition Thursday of custom home and commercial cannabis security system provider Leif Alert. The terms of the deal were not disclosed.

710 Security has offices in Colorado, Ohio and Michigan. By acquiring Leif Alert, it adds a company that has secured facilities in Colorado, Michigan and Oregon for major cannabis brands including Viola Extracts, Simply Pure, Starbuds, Bonfire Cannabis, A Cut Above and Dark Horse Genetics.

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Leif Alert owner Chris Boyd will join 710 Security as the company’s chief operating officer. The addition of Boyd reunites him with former colleague and 710 Security founder David Beckett.

“I am extremely excited to work with Chris Boyd again. I had the pleasure of working with him right before Amendment 64 passed. He has a vast knowledge and understands the regulated struggles we face every day,” Beckett said in a statement. 

Boyd shared his enthusiasm as well.

“I knew and worked with David for a small dealer in Denver for a few months before the industry started. How ironic that 10 years later we are back together taking on America with the most experience in the cannabis industry, hands down." 

710 Security also added Ryan Shields as its vice president of operations. Beckett and Shields have worked together for "several years," according to the company. 

With the addition of Boyd and Shields to its leadership, Beckett said the company can focus on quality as it rolls out a nationwide expansion strategy.

“It’s great to have security experts like 710 Security bringing their experience and service into the Michigan market," said Jamie Cooper, founder of the Cannabis Connection. "The entire state is on the cusp of a massive cannabiz explosion and working with experienced companies is incredibly important.

"We really need strong partners like 710 who have been on the frontlines of the cannabis business movement and have already gone through the learning curve of the regulated environment. This will ensure that all of our licensed businesses are kept safe, especially in areas like Detroit or Flint, that are known to have higher crime rates.”

Related Links: 

State-By-State Cannabis Sales Show That Recreational Weed's Disruption of Medical Pot Continues 

Medical Marijuana Sales Decline Continues In Colorado As Recreational Weed Disrupts Market

Posted-In: 710 Security Leif Alert marijuana potCannabis News M&A Markets

 

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