I was impressed how it held up as well. Looks like the bounce back is coming as we are at 1.38 as I type this. Brucefan saved me alot of dough by introducing this stock to me because it caused me to sell my SLV stock to buy this one which I was on the fence about. Thanks Brucefan!
Positive development
Solis Tek Announces Appointment of Co-Founder Alan Lien as Chief Executive Officer
Marketwired•February 15, 2018
Solis Tek Announces Appointment of Co-Founder Alan Lien as Chief Executive Officer
Marketwired•February 15, 2018
CARSON, CA--(Marketwired - February 15, 2018) - Solis Tek Inc. (SLTK), a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in legal markets across the U.S., today announced that its Co-Founder, Chairman, Chief Financial Officer and President, Alan Lien, has been appointed Chief Executive Officer. Mr. Lien replaces Dennis G. Forchic, who has been removed both from his role as CEO and as a member of the Board of Directors due to a difference in strategic outlook that was incompatible with the majority of the Founding Directors' plans and expectations for the Company.
Alan Lien founded Solis Tek in 2009 and served as the Company's CEO through 2016, at which point he was appointed Chairman of the Company. Since co-founding the company, Mr. Lien has been responsible for leading the manufacturing, development, and sourcing of Solis Tek products, in addition to the Company's sales and operational strategies. In his return to the CEO role, Mr. Lien will be focused on driving revenue growth by launching new products and expanding into new territories.
Alan Lien, Chief Executive Officer of Solis Tek, stated, "Over the past several years, Solis Tek has established a name for itself in the emerging legal cannabis industry and as we navigate Solis Tek through this transformative growth period, it is of utmost importance that the strategic outlook and expectations of the CEO are aligned with those of the Board of Directors and our shareholders."
"With the introduction of our Zelda Horticulture subsidiary, the Company is even better positioned to drive significant long-term shareholder value." Mr. Lien continued, "Zelda is a core component to driving revenue now and in the future. This division will diversify Solis Tek's revenue streams and deepen our relationships with commercial and hobbyist growers. As we have structured it, Zelda leverages the same sales and distribution channels as its core lighting vertical. In addition, the lighting division recently launched new products including the Controller, to tremendous demand."
Prior to founding Solis Tek, from 2006 to 2009, Mr. Lien was the Chief Operating Officer for A&A Lien Enterprise, a 20 year old export/import company located in Taipei, Taiwan with a focus in sporting equipment. Well-known customers that were served by A&A Enterprise include: Mitre, Umbro, Diadora, Louisville Slugger, Franklin, Diamond and more. During his tenure as the Chief Operating Officer for A&A, Mr. Lien supervised the development of new manufacturer relationships, purchasing and client development, as well as oversaw quality control and trade show participation. Mr. Lien received his BS in Marketing from Monmouth University.
Detailed information on the changes in management is contained in a Current Report on Form 8-K filed by the company.
To be added to the Solis Tek email distribution list, please email SLTK@kcsa.comwith 'SLTK' in the subject line.
About Solis Tek
Solis Tek Inc, parent company of wholly owned subsidiaries Solis Tek Digital Lighting and Zelda Horticulture, is a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in both the medical and recreational space in legal markets across the U.S. For nearly a decade, growers have used Solis Tek's lighting solutions to increase yield, lower costs and grow better to maximize their return on investment. In late 2017, Solis Tek introduced Zelda Horticulture, a nutrient line with all-natural ingredients. The Company's customers include retail stores, distributors and commercial growers in the United States and abroad. For more information, please visit our website, http://www.solis-tek.com.
Alan Lien founded Solis Tek in 2009 and served as the Company's CEO through 2016, at which point he was appointed Chairman of the Company. Since co-founding the company, Mr. Lien has been responsible for leading the manufacturing, development, and sourcing of Solis Tek products, in addition to the Company's sales and operational strategies. In his return to the CEO role, Mr. Lien will be focused on driving revenue growth by launching new products and expanding into new territories.
Alan Lien, Chief Executive Officer of Solis Tek, stated, "Over the past several years, Solis Tek has established a name for itself in the emerging legal cannabis industry and as we navigate Solis Tek through this transformative growth period, it is of utmost importance that the strategic outlook and expectations of the CEO are aligned with those of the Board of Directors and our shareholders."
"With the introduction of our Zelda Horticulture subsidiary, the Company is even better positioned to drive significant long-term shareholder value." Mr. Lien continued, "Zelda is a core component to driving revenue now and in the future. This division will diversify Solis Tek's revenue streams and deepen our relationships with commercial and hobbyist growers. As we have structured it, Zelda leverages the same sales and distribution channels as its core lighting vertical. In addition, the lighting division recently launched new products including the Controller, to tremendous demand."
Prior to founding Solis Tek, from 2006 to 2009, Mr. Lien was the Chief Operating Officer for A&A Lien Enterprise, a 20 year old export/import company located in Taipei, Taiwan with a focus in sporting equipment. Well-known customers that were served by A&A Enterprise include: Mitre, Umbro, Diadora, Louisville Slugger, Franklin, Diamond and more. During his tenure as the Chief Operating Officer for A&A, Mr. Lien supervised the development of new manufacturer relationships, purchasing and client development, as well as oversaw quality control and trade show participation. Mr. Lien received his BS in Marketing from Monmouth University.
Detailed information on the changes in management is contained in a Current Report on Form 8-K filed by the company.
To be added to the Solis Tek email distribution list, please email SLTK@kcsa.comwith 'SLTK' in the subject line.
About Solis Tek
Solis Tek Inc, parent company of wholly owned subsidiaries Solis Tek Digital Lighting and Zelda Horticulture, is a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in both the medical and recreational space in legal markets across the U.S. For nearly a decade, growers have used Solis Tek's lighting solutions to increase yield, lower costs and grow better to maximize their return on investment. In late 2017, Solis Tek introduced Zelda Horticulture, a nutrient line with all-natural ingredients. The Company's customers include retail stores, distributors and commercial growers in the United States and abroad. For more information, please visit our website, http://www.solis-tek.com.
[FONT="][h=1]Solis Tek Subsidiary Zelda Horticulture Broadens Its Commercial Offering with Neutralizer Plant Wash[/h]
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MarketwiredFebruary 20, 2018
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[FONT="]CARSON, CA--(Marketwired - February 20, 2018) - Solis Tek, Inc. (SLTK), a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in legal markets across the U.S., today announced that its wholly-owned subsidiary Zelda Horticulture has launched its Neutralizer plant wash, marking Zelda's second commercially available product.[/FONT]
[FONT="]Neutralizer is a plant-derived, proactive plant wash made from all natural ingredients, which helps growers prevent and eradicate pest, fungus and mold infestations. Neutralizer will be available at hundreds of hydroponic stores nation-wide currently stocking and selling other Solis Tek/Zelda products, as well as through select e-commerce sites. Neutralizer expands Zelda's commercial portfolio, which includes its terpene enhancer Terpenez™, and supports Zelda's mission to provide cannabis cultivators with access to all-natural nutrients and other solutions to help cannabis cultivators maximize the yield and quality of their grows.[/FONT]
[FONT="]"We are excited to launch Neutralizer and to provide growers with an alternative to chemical-laden IPM (integrated pest management) tools which can be carcinogenic," said Alan Lien, Chief Executive Officer of Solis Tek. "In contrast, Zelda's Neutralizer offers an effective alternative which contains no ingredients that are banned in states like California, leveraging essential oils to help growers prevent and manage pest, fungus and mold infestations as part of their daily or weekly routine and, in higher doses, to minimize a pest, fungus or mold infestation."[/FONT]
[FONT="]Mr. Lien added, "The expansion of Zelda's product line is a key component to Solis Tek's overall strategy to provide a broad suite of products and services targeted at the commercial cannabis industry. Specifically, Zelda Horticulture represents a compelling growth opportunity for Solis Tek, as nutrients carry higher margins compared with the lighting vertical. In addition, its products will be sold through the same robust and well-established sales and distribution channels as its lighting products, while providing recurring revenues from repeat orders throughout a plant's growth cycle, as compared with the longer sales cycle associated with the lighting vertical. Lastly, like the lighting division, the Zelda line does not result in Solis Tek 'touching the plant,' which should be less subject to any future changes in the regulatory environment regarding the cultivation and sale of cannabis products."[/FONT]
[FONT="]To be added to the Solis Tek email distribution list, please email SLTK@kcsa.com with 'SLTK' in the subject line.[/FONT]
[FONT="]About Solis Tek
Solis Tek, Inc., parent company of wholly owned subsidiaries Solis Tek Digital Lighting and Zelda Horticulture, is a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in both the medical and recreational space in legal markets across the U.S. For nearly a decade, growers have used Solis Tek's lighting solutions to increase yield, lower costs and grow better to maximize their return on investment. In late 2017, Solis Tek introduced Zelda Horticulture, a nutrient line with all-natural ingredients. The Company's customers include retail stores, distributors and commercial growers in the United States and abroad. For more information, please visit our website, http://www.solis-tek.com.[/FONT]
[FONT="]https://finance.yahoo.com/news/solis-tek-subsidiary-zelda-horticulture-133000090.html[/FONT]
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MarketwiredFebruary 20, 2018
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[FONT="]CARSON, CA--(Marketwired - February 20, 2018) - Solis Tek, Inc. (SLTK), a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in legal markets across the U.S., today announced that its wholly-owned subsidiary Zelda Horticulture has launched its Neutralizer plant wash, marking Zelda's second commercially available product.[/FONT]
[FONT="]Neutralizer is a plant-derived, proactive plant wash made from all natural ingredients, which helps growers prevent and eradicate pest, fungus and mold infestations. Neutralizer will be available at hundreds of hydroponic stores nation-wide currently stocking and selling other Solis Tek/Zelda products, as well as through select e-commerce sites. Neutralizer expands Zelda's commercial portfolio, which includes its terpene enhancer Terpenez™, and supports Zelda's mission to provide cannabis cultivators with access to all-natural nutrients and other solutions to help cannabis cultivators maximize the yield and quality of their grows.[/FONT]
[FONT="]"We are excited to launch Neutralizer and to provide growers with an alternative to chemical-laden IPM (integrated pest management) tools which can be carcinogenic," said Alan Lien, Chief Executive Officer of Solis Tek. "In contrast, Zelda's Neutralizer offers an effective alternative which contains no ingredients that are banned in states like California, leveraging essential oils to help growers prevent and manage pest, fungus and mold infestations as part of their daily or weekly routine and, in higher doses, to minimize a pest, fungus or mold infestation."[/FONT]
[FONT="]Mr. Lien added, "The expansion of Zelda's product line is a key component to Solis Tek's overall strategy to provide a broad suite of products and services targeted at the commercial cannabis industry. Specifically, Zelda Horticulture represents a compelling growth opportunity for Solis Tek, as nutrients carry higher margins compared with the lighting vertical. In addition, its products will be sold through the same robust and well-established sales and distribution channels as its lighting products, while providing recurring revenues from repeat orders throughout a plant's growth cycle, as compared with the longer sales cycle associated with the lighting vertical. Lastly, like the lighting division, the Zelda line does not result in Solis Tek 'touching the plant,' which should be less subject to any future changes in the regulatory environment regarding the cultivation and sale of cannabis products."[/FONT]
[FONT="]To be added to the Solis Tek email distribution list, please email SLTK@kcsa.com with 'SLTK' in the subject line.[/FONT]
[FONT="]About Solis Tek
Solis Tek, Inc., parent company of wholly owned subsidiaries Solis Tek Digital Lighting and Zelda Horticulture, is a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in both the medical and recreational space in legal markets across the U.S. For nearly a decade, growers have used Solis Tek's lighting solutions to increase yield, lower costs and grow better to maximize their return on investment. In late 2017, Solis Tek introduced Zelda Horticulture, a nutrient line with all-natural ingredients. The Company's customers include retail stores, distributors and commercial growers in the United States and abroad. For more information, please visit our website, http://www.solis-tek.com.[/FONT]
[FONT="]https://finance.yahoo.com/news/solis-tek-subsidiary-zelda-horticulture-133000090.html[/FONT]
[FONT="][h=1]Solis Tek Appoints Tiffany Davis as Chief Operating Officer[/h]
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MarketwiredFebruary 21, 2018
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[FONT="]CARSON, CA--(Marketwired - February 21, 2018) - Solis Tek Inc. (SLTK), a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in legal markets across the U.S, today announced the appointment of Tiffany Davis as Chief Operating Officer. Ms. Davis will report to Chief Executive Officer, Alan Lien.[/FONT]
[FONT="]Ms. Davis has nearly 20 years of experience as a financial restructuring professional working in both Management Consulting and Private Equity. She has extensive experience in supply chain functionality, financial and operational due diligence, cash flow forecasting, financial statement analysis, development and value retention across multiple industries, including most recently in the cannabis sector.[/FONT]
[FONT="]Previous to joining Solis Tek, Ms. Davis worked as a senior executive for a US based cannabis consulting group supporting legal grows, assisting in license applications, developing programs for cultivators, and business structuring for medical dispensaries. Among her previous experience, Ms. Davis served as a Manager of Corporate Advisory for Grant Thornton, one of the Big 6 worldwide accounting firms, overseeing accounting and supply chain advisory services during the automotive crisis in the U.S.[/FONT]
[FONT="]"We are excited to appoint Tiffany to Solis Tek's Senior Executive team as Chief Operating Officer. We expect her proven experience establishing rigorous accounting and supply chain controls, and direct cannabis industry experience will be invaluable to Solis Tek as we enter this transformational period in the Company's history," stated Alan Lien, CEO of Solis Tek. "With the introduction of new lighting products such as the Controller, and the launch of our Zelda Horticulture subsidiary which will leverage the same sales and distribution infrastructure, Tiffany will play a major role in Solis Tek executing on its dynamic growth strategy."[/FONT]
[FONT="]Ms. Davis received her B.S. from DePaul University and a MBA from University of Chicago Graduate School of Business.[/FONT]
[FONT="]To be added to the Solis Tek email distribution list, please email SLTK@kcsa.com with 'SLTK' in the subject line.[/FONT]
[FONT="]About Solis Tek[/FONT]
[FONT="]Solis Tek Inc, parent company of wholly owned subsidiaries Solis Tek Digital Lighting and Zelda Horticulture, is a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in both the medical and recreational space in legal markets across the U.S. For nearly a decade, growers have used Solis Tek's lighting solutions to increase yield, lower costs and grow better to maximize their return on investment. In late 2017, Solis Tek introduced Zelda Horticulture, a nutrient line with all-natural ingredients. The Company's customers include retail stores, distributors and commercial growers in the United States and abroad. For more information, please visit our website, http://www.solis-tek.com.[/FONT]
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MarketwiredFebruary 21, 2018
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[FONT="]CARSON, CA--(Marketwired - February 21, 2018) - Solis Tek Inc. (SLTK), a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in legal markets across the U.S, today announced the appointment of Tiffany Davis as Chief Operating Officer. Ms. Davis will report to Chief Executive Officer, Alan Lien.[/FONT]
[FONT="]Ms. Davis has nearly 20 years of experience as a financial restructuring professional working in both Management Consulting and Private Equity. She has extensive experience in supply chain functionality, financial and operational due diligence, cash flow forecasting, financial statement analysis, development and value retention across multiple industries, including most recently in the cannabis sector.[/FONT]
[FONT="]Previous to joining Solis Tek, Ms. Davis worked as a senior executive for a US based cannabis consulting group supporting legal grows, assisting in license applications, developing programs for cultivators, and business structuring for medical dispensaries. Among her previous experience, Ms. Davis served as a Manager of Corporate Advisory for Grant Thornton, one of the Big 6 worldwide accounting firms, overseeing accounting and supply chain advisory services during the automotive crisis in the U.S.[/FONT]
[FONT="]"We are excited to appoint Tiffany to Solis Tek's Senior Executive team as Chief Operating Officer. We expect her proven experience establishing rigorous accounting and supply chain controls, and direct cannabis industry experience will be invaluable to Solis Tek as we enter this transformational period in the Company's history," stated Alan Lien, CEO of Solis Tek. "With the introduction of new lighting products such as the Controller, and the launch of our Zelda Horticulture subsidiary which will leverage the same sales and distribution infrastructure, Tiffany will play a major role in Solis Tek executing on its dynamic growth strategy."[/FONT]
[FONT="]Ms. Davis received her B.S. from DePaul University and a MBA from University of Chicago Graduate School of Business.[/FONT]
[FONT="]To be added to the Solis Tek email distribution list, please email SLTK@kcsa.com with 'SLTK' in the subject line.[/FONT]
[FONT="]About Solis Tek[/FONT]
[FONT="]Solis Tek Inc, parent company of wholly owned subsidiaries Solis Tek Digital Lighting and Zelda Horticulture, is a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in both the medical and recreational space in legal markets across the U.S. For nearly a decade, growers have used Solis Tek's lighting solutions to increase yield, lower costs and grow better to maximize their return on investment. In late 2017, Solis Tek introduced Zelda Horticulture, a nutrient line with all-natural ingredients. The Company's customers include retail stores, distributors and commercial growers in the United States and abroad. For more information, please visit our website, http://www.solis-tek.com.[/FONT]
[FONT="][h=1]Solis Tek and Medicine Man Technologies Announce Cooperative Agreement to Provide Cannabis Grower Network with Leading Lighting Solutions[/h]
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MarketwiredFebruary 27, 201
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[FONT="]ARSON, CA and DENVER, CO--(Marketwired - February 27, 2018) - Solis Tek Inc.(SLTK) and Medicine Man Technologies, Inc. today announced a cooperative agreement under which Solis Tek will become Medicine Man Technologies' recommended supplier of High Intensity Discharge (HID) lighting technologies for its current and prospective consulting and sales relationships. The recommended status includes Solis Tek Lighting as its specified cultivation lamp fixture in both its equipment lists as well as facility designs.[/FONT]
[FONT="]"We are excited to work with Medicine Man Technologies to provide their robust and growing client base with Solis Tek's industry-leading lighting products," stated Alan Lien, Solis Tek's Chief Executive Officer. "Medicine Man's cannabis grower network represents an ideal target market for Solis Tek's products, given the commitment among its clients to establish best practices in cannabis cultivation and facility design. We look forward to continuing to provide these growers with industry-leading products that help them to increase yield, lower costs and grow better to maximize their return on investment."[/FONT]
[FONT="]Brett Roper, co-founder and Chief Executive Officer of Medicine Man Technologies, added, "Solis Tek's lighting products align perfectly with Medicine Man's mission to provide our cultivator network with best-in-class products that support Medicine Man's leading licensing, facility design and cultivation methodologies. We expect that this relationship will represent a 'win-win' for both companies, our investors, and cannabis industry cultivators alike."[/FONT]
[FONT="]Under the terms of the agreement, Solis Tek will provide Medicine Man with an exclusive pricing list for its lighting products. To support the collaboration, Solis Tek will offer training and appropriate sales materials to Medicine Man sales representatives so that Medicine Man can most effectively communicate the product benefits and competitive advantages to its customers.[/FONT]
[FONT="]To be added to the Solis Tek email distribution list, please email SLTK@kcsa.com with 'SLTK' in the subject line.[/FONT]
[FONT="]To be added to the Medicine Man email distribution list, please email MDCL@kcsa.comwith 'MDCL' in the subject line.[/FONT]
[FONT="]About Solis Tek[/FONT]
[FONT="]Solis Tek Inc., parent company of wholly owned subsidiaries Solis Tek Digital Lighting and Zelda Horticulture, is a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in both the medical and recreational space in legal markets across the U.S. For nearly a decade, growers have used Solis Tek's lighting solutions to increase yield, lower costs and grow better to maximize their return on investment. In late 2017, Solis Tek introduced Zelda Horticulture, a nutrient line with all-natural ingredients. The Company's customers include retail stores, distributors and commercial growers in the United States and abroad. For more information, please visit our website, http://www.solis-tek.com.[/FONT]
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MarketwiredFebruary 27, 201
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[FONT="]ARSON, CA and DENVER, CO--(Marketwired - February 27, 2018) - Solis Tek Inc.(SLTK) and Medicine Man Technologies, Inc. today announced a cooperative agreement under which Solis Tek will become Medicine Man Technologies' recommended supplier of High Intensity Discharge (HID) lighting technologies for its current and prospective consulting and sales relationships. The recommended status includes Solis Tek Lighting as its specified cultivation lamp fixture in both its equipment lists as well as facility designs.[/FONT]
[FONT="]"We are excited to work with Medicine Man Technologies to provide their robust and growing client base with Solis Tek's industry-leading lighting products," stated Alan Lien, Solis Tek's Chief Executive Officer. "Medicine Man's cannabis grower network represents an ideal target market for Solis Tek's products, given the commitment among its clients to establish best practices in cannabis cultivation and facility design. We look forward to continuing to provide these growers with industry-leading products that help them to increase yield, lower costs and grow better to maximize their return on investment."[/FONT]
[FONT="]Brett Roper, co-founder and Chief Executive Officer of Medicine Man Technologies, added, "Solis Tek's lighting products align perfectly with Medicine Man's mission to provide our cultivator network with best-in-class products that support Medicine Man's leading licensing, facility design and cultivation methodologies. We expect that this relationship will represent a 'win-win' for both companies, our investors, and cannabis industry cultivators alike."[/FONT]
[FONT="]Under the terms of the agreement, Solis Tek will provide Medicine Man with an exclusive pricing list for its lighting products. To support the collaboration, Solis Tek will offer training and appropriate sales materials to Medicine Man sales representatives so that Medicine Man can most effectively communicate the product benefits and competitive advantages to its customers.[/FONT]
[FONT="]To be added to the Solis Tek email distribution list, please email SLTK@kcsa.com with 'SLTK' in the subject line.[/FONT]
[FONT="]To be added to the Medicine Man email distribution list, please email MDCL@kcsa.comwith 'MDCL' in the subject line.[/FONT]
[FONT="]About Solis Tek[/FONT]
[FONT="]Solis Tek Inc., parent company of wholly owned subsidiaries Solis Tek Digital Lighting and Zelda Horticulture, is a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in both the medical and recreational space in legal markets across the U.S. For nearly a decade, growers have used Solis Tek's lighting solutions to increase yield, lower costs and grow better to maximize their return on investment. In late 2017, Solis Tek introduced Zelda Horticulture, a nutrient line with all-natural ingredients. The Company's customers include retail stores, distributors and commercial growers in the United States and abroad. For more information, please visit our website, http://www.solis-tek.com.[/FONT]
There has been a 144 seller in the stock , I believe he had 500k . Its almost if not all cleaned up, and there really isnt a need to move the stock up to take him out at higher prices . The fundamental story is VERY strong here , we should have some news soon on some acq they are working on, and earnings will be out I believe, 3/28 ( have to verify that date)
Weakness should be bought, and I still think SLTK is 5 bucks by year end ( conservatively)
Home run here guys, accumulate any weakness
