RICHMOND, Va., Nov. 08, 2018 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO), the global leader in total cash management, secure route-based logistics and payment solutions, today announced that its Brink’s Canada subsidiary has entered into a multi-year agreement with Canopy Growth Corporation (NYSE:CGC; TSX:WEED) to provide secure logistics and cash management services for Canopy Growth’s domestic and international cannabis operations. Based in Smiths Falls, Ontario, Canopy Growth is a global leader in cannabis production, retailing and related services. On October 17, 2018, cannabis became legal in Canada for recreational use.
In addition to providing secure logistics and cash management services, Brink’s and Canopy Growth will develop a cross-selling program that enables Brink’s to provide services to Canopy Growth’s affiliated growers and retail customers. Canopy Growth’s international transportation and security needs will be provided by Brink’s Global Services (“BGS”), a Brink’s subsidiary that provides secure logistics for international shipments of high-value commodities.
Doug Pertz, Brink’s president and CEO, said: “The rapidly growing cannabis industry requires security solutions for its products as well as its cash, and Brink’s is uniquely positioned to provide these solutions. Our partnership with Canopy Growth, a leading producer and exporter of cannabis, diversifies our customer base and leverages BGS’ global network of secure logistics operations. We look forward to building a strong relationship with Canopy Growth as it grows throughout Canada and continues to enter new international markets.”
About The Brink’s Company
The Brink’s Company (NYSE:BCO) is the global leader in total cash management, secure route-based logistics and payment solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), and international transportation of valuables. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our global network of operations in 41 countries serves customers in more than 100 countries. For more information, please visit our website at www.Brinks.com or call 804-289-9709.
About Canopy Growth Corporation
Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms. From product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a time. The Company has operations in 12 countries across five continents. The Company is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public's understanding of cannabis, and through its partly owned subsidiary, Canopy Health Innovations, has devoted millions of dollars toward cutting edge, commercializable research and IP development. Through partly owned subsidiary Canopy Rivers Corporation, the Company is providing resources and investment to new market entrants and building a portfolio of stable investments in the sector. From our historic public listing on the Toronto Stock Exchange and New York Stock Exchange to our continued international expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth. Canopy Growth has established partnerships with leading sector names including cannabis icon Snoop Dogg, breeding legends DNA Genetics and Green House seeds, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates ten licensed cannabis production sites with over 4.3 million square feet of production capacity, including over 500,000 square feet of GMP certified production space. For more information visit www.canopygrowth.com
Brink's Canada Limited (CNW Group/Brink's Canada Limited)
MISSISSAUGA, ON, July 21, 2017 /CNW/ - Brink's Canada Limited joins the Canada 150 celebrations with its own major milestone of providing secure logistics services for Canadian businesses for 90 years.
"We have a proud history in Canada since we first opened our doors in Montreal on July 21, 1927. Today, we are proud to celebrate our 90th anniversary with all Canadians as we celebrate our country's 150th birthday," said Chris Parks, President & General Manager, Brink's Canada Limited.
"The Brink's name is synonymous with secure logistics services. Every day, we safely and securely protect millions of dollars for our customers," added Parks. "We've grown by listening to our customers and evolving our business to meet their needs. That's something we will continue to do for the next 90 years as we help companies implement innovative, efficient and cost-effective cash supply chain systems."
A short history:
About Brink's Canada
Brink's is a global leader in security-related services for banks, retailers and a variety of other commercial and governmental customers. Established in 1927, Brink's Canada serves customers through a national network of over 40 locations and has a global network serving customers in over 100 countries, including over 150 locations in the U.S. Brink's Canada Limited is a wholly-owned indirect subsidiary of Brink's, Incorporated. To learn more, visit www.brinks.ca.
SOURCE Brink's Canada Limited
For further information: Investor Relations and Corporate Communications, 804-289-9709
RELATED LINKS www.brinks.ca
TORONTO, Nov. 5, 2014 – CIBC (TSX: CM) (NYSE: CM) today announced a program with Brink's Canada that will allow business clients to deposit cash into their accounts and have access to funds before it leaves their store.
The new CIBC eDeposit for cash service works with a Brink's CompuSafe® to collect, count and report cash deposits made in a client's store. The balance is then reported to CIBC and electronically deposited into the client's business account. This gives clients access to funds in their account before the money has physically been brought to CIBC, and helps businesses meet day-to-day cash flow needs.
This innovative service brings a new level of convenience to clients using new technology from CIBC and Brink's:
"This innovation will improve cash flow for business owners by expediting the deposit process," said Phil Griffiths, SVP, Business Banking, CIBC. "Business owners can write a cheque against funds in their safe, knowing the money will be deposited into their account at the end of the day."
"The service is well suited to retailers who have a higher reliance on cash flow, including quick service restaurants, convenience stores and gas stations. These businesses will also see tangible benefits from being able to automate cash handling, reporting and the deposit processes," added Victor Goodman, SVP, Business Solutions, Brink's Canada.
This is another first for CIBC, which is the only major Canadian bank to offer this service. CIBC was also the first major Canadian bank to enable business clients to scan, upload and deposit their cheques electronically, when it launched CIBC eDeposit for cheques.
"Business clients want increased flexibility and convenience in their banking to save time and have faster access to their working capital to meet outgoing cash needs," added Mr. Griffiths.
CIBC eDeposit for cash will begin piloting later this month, and will be available nationally in late 2014.
CIBC is a leading Canadian-based global financial institution with nearly 11 million personal banking and business clients. Through our three major business units - Retail and Business Banking, Wealth Management and Wholesale Banking - CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada with offices in the United States and around the world. You can find other news releases and information about CIBC in our Media Centre on our corporate website at www.cibc.com.
Brink's is a global leader in security-related services for banks, retailers and a variety of other commercial and governmental customers. Brink's is synonymous throughout the world with integrity, trust, security, efficiency and world-class service. Established in 1927, Brink's Canada serves customers through a national network of 43 locations and has a global network serving customers in over 100 countries, including over 150 locations in the U.S. Focused on innovation and technology, Brink's continuously invests in developing new solutions and systems to create a lasting advantage for customers. Brink's Canada Limited is a wholly owned subsidiary of Brink's, Incorporated. To learn more, visit us at www.brinks.ca.