HARDCAR Engages DelMorgan & Co. to Provide Strategic Financial Advisory Services as It Expands Throughout the US Cannabis Market

OAKLAND, Calif., Feb. 28, 2019 /PRNewswire/ -- HARDCAR, the leading secured logistics provider and distributor of California cannabis products and cash, announced today the that it has retained DelMorgan & Co. to raise expansion funds in order to dominate the U.S. cannabis market. With over 150 years of combined experience and over $300 billion in successfully completed transactions, the professionals at DelMorgan are ideally suited to assist HARDCAR going forward. 

Rob Delgado, Chairman of DelMorgan, commented, "We are very pleased to be working with HARDCAR, which is the leading logistics and distribution provider in the cannabis industry. We are committed to helping HARDCAR achieve its growth objectives." Neil Morganbesser, President & CEO of DelMorgan, added, "With its unparalleled expertise and capabilities, HARDCAR has positioned itself very aggressively as a one-of-a-kind reliable provider of secure distribution of cash and cannabis products. This is a critical capability in a heavily regulated environment, and as the cannabis industry grows and both in-state and interstate regulations evolve, HARDCAR is uniquely positioned to capture a substantial portion of that growth." Chris Delgado, Managing Director at DelMorgan, further noted, "HARDCAR is establishing much-needed, best-in-class secured logistics practices, standard in other industries, to the Cannabis Industry, which will further contribute to the maturation of the broader market and position the Company for domestic and international growth." 

HARDCAR has been focused on legal banking and the distribution of cannabis cash and products for nearly three years. This partnership with DelMorgan is aimed at providing the company alternatives to quickly scale from three (3) states in 2018 to over ten (10) states in 2019. Its unparalleled position in the market gives HARDCAR a clear advantage to grow exponentially in the U.S.

"Our goal from the beginning was to position our firm as the dominant player in large scale secured distribution of cannabis and banking. Without the banks, the industry would crawl. With the additional banks we work with, we are able not only to bring people to banking but also to move massive amounts of product. Now we are focused on hitting every major U.S. market in 2019," said Todd Kleperis, CEO of HARDCAR.

With leadership roles in the nation's top cannabis associations, groundbreaking advocacy meetings with government officials and unprecedented partnerships with credit unions to provide viable cannabis banking services, HARDCAR is a leader in the U.S. cannabis industry. For more information, please call 1-833-246-4273 or email [email protected].

About HARDCAR
HARDCAR (www.hardcar.com) is an award-winning cannabis company and long-time contributor to the cannabis industry, with a proven track record of cultivating and solidifying meaningful relationships with businesses and government officials alike. From Cash In Transit (CIT) to Cannabis Distribution, Cannabis Banking, Secured Cannabis Storage, Cannabis Financing, and Cannabis Transport, HARDCAR has all aspects of the cannabis market covered. Their diversified team of highly qualified professionals provides the highest quality industry services to keep their partners' products safe, while always maintaining excellence and compliance throughout their work. 

About DelMorgan & Co.
Headquartered in Santa Monica, California, DelMorgan (www.delmorganco.com) is a globally recognized investment bank providing world-class strategic transactional advice and assistance to companies, institutions, governments and individuals around the world. DelMorgan's services are fundamentally centered on achieving its clients' aims to consummate strategically important transactions and to enhance shareholder value. For further information, please contact DelMorgan at 1-310-319-2000 or email [email protected].

SOURCE HARDCAR