Solis Tek Provides Shareholder Update
GlobeNewswire•August 15, 2018
CARSON, Calif., Aug. 15, 2018 (GLOBE NEWSWIRE) -- Solis Tek Inc. (OTCQB: SLTK) (“Solis Tek”), a vertically integrated cannabis technology innovator, manufacturer and distributor, is pleased to provide a business update to its shareholders and the Wall Street community.
First Half 2018 Financial Highlights:
The newly acquired cultivation and processing facility, currently under build-out construction, is anticipated to become revenue generating in the second quarter of 2019. The 70,000-square foot facility is operating under a current Arizona licensee with Solis Tek having complete operational, management and sales control. Production and oil extraction are in the process of build-out with equipment to be acquired in the third quarter of this year. Solis Tek is working with the local municipalities and power companies to ensure the proper power feeds and utilities are available for its facility.
Solis Tek continues to capitalize on its extensive relationships throughout China, as it is extending its product line to manufacture and distribute cultivation products, such as rolling benches and green houses.
In 2018, Solis Tek re-positioned its sales focus in order to take advantage of growing opportunities it sees within the legalized jurisdictions of cannabis. The previous efforts centered upon targeting the retail home and hobbyist growers have been replaced with the sales force targeting the commercial side of the cannabis sector. Currently, Solis Tek has five regional commercial cultivation account managers covering North America, with new marketing strategies, pricing and inventory fulfillment processes.
About Solis Tek Inc.
Solis Tek Inc. (OTCQB: SLTK) is a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial and retail cannabis growers in both the medical and adult use 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. Solis Tek’s Zelda Horticulture nutrient division, launched in 2018, has expanded the product mix and offerings. Solis Tek’s lighting and nutrient customers include retail stores, distributors and commercial growers. In 2018, Solis Tek expanded into the “touch-the-plant” side of the cannabis business under a contract with an Arizona licensee and its ongoing build-out of a cultivation and processing facility in Phoenix, AZ. For more information, please visit Solis Tek’s website, www.solis-tek.com.
GlobeNewswire•August 15, 2018
CARSON, Calif., Aug. 15, 2018 (GLOBE NEWSWIRE) -- Solis Tek Inc. (OTCQB: SLTK) (“Solis Tek”), a vertically integrated cannabis technology innovator, manufacturer and distributor, is pleased to provide a business update to its shareholders and the Wall Street community.
First Half 2018 Financial Highlights:
- Lighting and nutrient revenue of $1.7 million for the six months ended June 30, 2018;
- Total assets increased to $7.1 million at June 30, 2018, from $4.1 million at December 31, 2017; and
- Cash balance increased to $2.8 million at June 30, 2018, from $1.0 million at December 31, 2017.
The newly acquired cultivation and processing facility, currently under build-out construction, is anticipated to become revenue generating in the second quarter of 2019. The 70,000-square foot facility is operating under a current Arizona licensee with Solis Tek having complete operational, management and sales control. Production and oil extraction are in the process of build-out with equipment to be acquired in the third quarter of this year. Solis Tek is working with the local municipalities and power companies to ensure the proper power feeds and utilities are available for its facility.
Solis Tek continues to capitalize on its extensive relationships throughout China, as it is extending its product line to manufacture and distribute cultivation products, such as rolling benches and green houses.
In 2018, Solis Tek re-positioned its sales focus in order to take advantage of growing opportunities it sees within the legalized jurisdictions of cannabis. The previous efforts centered upon targeting the retail home and hobbyist growers have been replaced with the sales force targeting the commercial side of the cannabis sector. Currently, Solis Tek has five regional commercial cultivation account managers covering North America, with new marketing strategies, pricing and inventory fulfillment processes.
About Solis Tek Inc.
Solis Tek Inc. (OTCQB: SLTK) is a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial and retail cannabis growers in both the medical and adult use 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. Solis Tek’s Zelda Horticulture nutrient division, launched in 2018, has expanded the product mix and offerings. Solis Tek’s lighting and nutrient customers include retail stores, distributors and commercial growers. In 2018, Solis Tek expanded into the “touch-the-plant” side of the cannabis business under a contract with an Arizona licensee and its ongoing build-out of a cultivation and processing facility in Phoenix, AZ. For more information, please visit Solis Tek’s website, www.solis-tek.com.
gotta believe Constellation has good info that STATES act will go through.They reportedly paid a 51% premium!! WTF...... Linton is singing a different tune towards US expansion as well, been cautious previously.
Canopy Growth head talks U.S. expansion plans after $5B investment
TORONTO — Canopy Growth’s chief executive talked more aggressively Thursday about the potential for U.S. expansion when and if marijuana becomes federally legal south of the border — one day after the licensed medical marijuana producer got a $5-billion infusion of cash — and believes that even under a Trump government that day will dawn sooner than anticipated.
In explaining his bullish outlook, Bruce Linton pointed to a U.S. Senate bill introduced in June that would amend the Controlled Substances Act to exempt marijuana activity that is legal at the state level, as well as to recent comments backing states’ rights on pot from the Koch brothers, prominent Republican donors and businessmen.
“I will not go in until its federally legal, at all. But what I’m observing from a distance, are indications that it may in fact become federally legal sooner than later…. State rights have typically been associated with the Republican party,” he said on the sidelines of Marijuana Business Daily’s industry conference in Toronto on Thursday.
His comments come after the Smiths Falls, Ont.-based licensed producer announced an additional $5-billion investment from Constellation Brands, which increases the U.S.-based alcohol brand giant’s stake in Canopy to 38 per cent.
It’s the largest strategic investment in the cannabis space to date which comes as Canada prepares to legalize the drug for recreational use on Oct. 17.
Canopy has said the $5 billion in capital will be used to fuel its accelerated global growth as it gears up to fend off competition from big pharma, big tobacco, consumer packaged goods companies and alcohol firms making forays into the pot space.
Linton’s optimistic outlook south of the border is a departure from his prior cautious stance when discussing the U.S. — where the drug is legalized in several states for medical and recreational use but remains an illegal substance at the federal level.
The murky legal landscape prompted Canada’s biggest exchange operator TMX Group in October to warn pot companies with business activities that violate U.S. federal law that they could face delisting.
Earlier this year, the U.S. president’s top law enforcement official rescinded an Obama-era memo that suggested that the federal government would not intervene in states where the cannabis was legal. But in June, Donald Trump signalled that he would “probably” support the bill amending the Controlled Substances Act, which has been referred to a Senate committee and is known as the STATES act.
The STATES act is what may have prompted both companies to deepen their partnership this rapidly, said Martin Landry, an analyst with GMP Securities.
“We expect this could effectively make marijuana federally legal in states where recreational consumption is legal at the state level,” he said in a research note.
At maturity, the U.S. market could generate US$50 billion in annual sales, Landry added.
Canopy has lined up an option to acquire a “humongous” greenhouse in California as part of a broader strategy to enter the U.S. market quickly, Linton said during a question-and-answer session onstage at the industry conference.
“Having optionality on assets to become part of the integrated growth of what could be a huge economy is a good way to go. And you’re not breaking laws, because they still grow tomatoes,” he said during the session.
When asked about other potential moves to position Canopy for legalization south of the border, Linton said the company had “many, many others” in the works, but would not disclose details.
Linton added that the company will focus on key consumer markets such as Florida, Texas and California — and not necessarily the states where cannabis is currently legal.
“Where does most of the beer get sold, where does most of the wine get sold?” he said.
The Constellation deal comes as other alcohol companies have also made inroads into the pot industry. Earlier this month, Molson Coors Canada entered into a joint venture with the Hydropothecary Corp. to develop non-alcoholic cannabis-infused products. As well, Heineken-owned Lagunitas Brewing Co. recently introduced a cannabis-infused hoppy sparkling water.@)
As part of the investment, Constellation will also receive 139.7 million new warrants, which are exercisable over the next three years. If Constellation exercises all of its existing and new warrants, its ownership in Canopy would exceed 50 per cent.
Constellation’s hefty investment in Canopy is also the latest sign that Wall Street, as well as Bay Street, is warming up to the cannabis industry. For example, Goldman Sachs advised Constellation Brands on the deal and Bank of America Merrill Lynch provided financing for the transaction. Linton also said Thursday that Canopy’s recent $600-million convertible debenture on the New York Stock Exchange attracted “huge international investors.”
Canadian banks had largely steered clear of the country’s cannabis sector until January, when Bank of Montreal co-led a $175-million bought deal financing for Canopy.
..........
this sector is stupid volatile , valuations off the charts.. Better to take profit on news , imo.
Canopy Growth head talks U.S. expansion plans after $5B investment
TORONTO — Canopy Growth’s chief executive talked more aggressively Thursday about the potential for U.S. expansion when and if marijuana becomes federally legal south of the border — one day after the licensed medical marijuana producer got a $5-billion infusion of cash — and believes that even under a Trump government that day will dawn sooner than anticipated.
In explaining his bullish outlook, Bruce Linton pointed to a U.S. Senate bill introduced in June that would amend the Controlled Substances Act to exempt marijuana activity that is legal at the state level, as well as to recent comments backing states’ rights on pot from the Koch brothers, prominent Republican donors and businessmen.
“I will not go in until its federally legal, at all. But what I’m observing from a distance, are indications that it may in fact become federally legal sooner than later…. State rights have typically been associated with the Republican party,” he said on the sidelines of Marijuana Business Daily’s industry conference in Toronto on Thursday.
His comments come after the Smiths Falls, Ont.-based licensed producer announced an additional $5-billion investment from Constellation Brands, which increases the U.S.-based alcohol brand giant’s stake in Canopy to 38 per cent.
It’s the largest strategic investment in the cannabis space to date which comes as Canada prepares to legalize the drug for recreational use on Oct. 17.
Canopy has said the $5 billion in capital will be used to fuel its accelerated global growth as it gears up to fend off competition from big pharma, big tobacco, consumer packaged goods companies and alcohol firms making forays into the pot space.
Linton’s optimistic outlook south of the border is a departure from his prior cautious stance when discussing the U.S. — where the drug is legalized in several states for medical and recreational use but remains an illegal substance at the federal level.
The murky legal landscape prompted Canada’s biggest exchange operator TMX Group in October to warn pot companies with business activities that violate U.S. federal law that they could face delisting.
Earlier this year, the U.S. president’s top law enforcement official rescinded an Obama-era memo that suggested that the federal government would not intervene in states where the cannabis was legal. But in June, Donald Trump signalled that he would “probably” support the bill amending the Controlled Substances Act, which has been referred to a Senate committee and is known as the STATES act.
The STATES act is what may have prompted both companies to deepen their partnership this rapidly, said Martin Landry, an analyst with GMP Securities.
“We expect this could effectively make marijuana federally legal in states where recreational consumption is legal at the state level,” he said in a research note.
At maturity, the U.S. market could generate US$50 billion in annual sales, Landry added.
Canopy has lined up an option to acquire a “humongous” greenhouse in California as part of a broader strategy to enter the U.S. market quickly, Linton said during a question-and-answer session onstage at the industry conference.
“Having optionality on assets to become part of the integrated growth of what could be a huge economy is a good way to go. And you’re not breaking laws, because they still grow tomatoes,” he said during the session.
When asked about other potential moves to position Canopy for legalization south of the border, Linton said the company had “many, many others” in the works, but would not disclose details.
Linton added that the company will focus on key consumer markets such as Florida, Texas and California — and not necessarily the states where cannabis is currently legal.
“Where does most of the beer get sold, where does most of the wine get sold?” he said.
The Constellation deal comes as other alcohol companies have also made inroads into the pot industry. Earlier this month, Molson Coors Canada entered into a joint venture with the Hydropothecary Corp. to develop non-alcoholic cannabis-infused products. As well, Heineken-owned Lagunitas Brewing Co. recently introduced a cannabis-infused hoppy sparkling water.@)
As part of the investment, Constellation will also receive 139.7 million new warrants, which are exercisable over the next three years. If Constellation exercises all of its existing and new warrants, its ownership in Canopy would exceed 50 per cent.
Constellation’s hefty investment in Canopy is also the latest sign that Wall Street, as well as Bay Street, is warming up to the cannabis industry. For example, Goldman Sachs advised Constellation Brands on the deal and Bank of America Merrill Lynch provided financing for the transaction. Linton also said Thursday that Canopy’s recent $600-million convertible debenture on the New York Stock Exchange attracted “huge international investors.”
Canadian banks had largely steered clear of the country’s cannabis sector until January, when Bank of Montreal co-led a $175-million bought deal financing for Canopy.
..........
this sector is stupid volatile , valuations off the charts.. Better to take profit on news , imo.
Solis Tek Appoints Peter Najarian and Tiffany Davis to its Board of Directors
GlobeNewswire•August 23, 2018
Adds Capital Markets Expertise and Entrepreneurial Spirit
CARSON, CA, Aug. 23, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Solis Tek Inc. (OTCQB: SLTK) (“Solis Tek”), a vertically integrated cannabis technology innovator, manufacturer and distributor, is pleased to announce the additions of Peter Najarian and Tiffany Davis to its Board of Directors.
Mr. Najarian is a recognizable contributor on the CNBC mid-day show “Halftime Report” as well as CNBC’s post-market show “Fast Money” https://www.cnbc.com/fast-money/.
Ms. Davis is currently the Chief Operating Officer of Solis Tek and has nearly 20 years of experience as a financial restructuring professional working in both management consulting and private equity.
Peter Najarian stated, “I am excited to join the Solis Tek team as they continue to successfully grow and broaden their scope in the cannabis sector. With my experience in capital markets, I am positioned to provide knowledge that will help Solis Tek achieve its mission to bring safe, consistent and quality products to patients and legal consumers. I am confident that the management team will execute its business plan and create a variety of opportunities in the legalized cannabis industry.”
Alan Lien, Chief Executive Officer of Solis Tek, commented, “I am pleased to welcome Pete and Tiffany to our Board of Directors. Pete comes to us with an entrepreneurial and capital markets background, which will enable Pete to provide guidance and direction as we continue to diversify our portfolio. Tiffany is a veteran in operations, having worked with many companies in multiple sectors, including the cannabis industry. She will continue to stabilize our operations as we expect increased growth in the next few years. As the industry transforms, so must Solis Tek, and my co-founder Alvin Hao has resigned from the Board to focus his attention on research and development and product innovation. This is key to our long-term growth and continued success. I continue to rely on Alvin’s expertise and look forward to our ongoing partnership.”
Peter Najarian is a founding member of Investitute.com, a financial education and newsletter services company established in 2016. Pete is a founding member of Rebellion Partners, LLC, a private banking company, established in 2016. He is also a founding member of One Chicago, an electronic exchange in futures on individual stocks, narrow-based indexes, and ETFs. He is also the Co-Founder of Hedgehog, a stock, options, and futures trading platform and he co-developed the Heat Seeker™ and complementary programs identifying unusual buying activity in stocks, options, and futures. Following a football career that included several seasons with the NFL's Tampa Bay Buccaneers and Minnesota Vikings, he began options trading in 1992 at Mercury Trading, a market-making firm at the Chicago Board Options Exchange (CBOE). Two years later, he assumed responsibility for Mercury's risk and arbitrage departments. In 2005, Najarian co-founded optionMONSTER, an options news and education firm, and tradeMONSTER, an online brokerage firm. Both were acquired in 2014 by private equity. Mr. Najarian graduated with a BA from the University of Minnesota.
Tiffany 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. Previous to joining Solis Tek, Ms. Davis worked as a management consultant for a U.S. 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, a worldwide accounting firms, overseeing accounting and supply chain advisory services during the automotive crisis in the U.S. Ms. Davis received her B.S. from DePaul University and an MBA from University of Chicago Graduate School of Business.
About Solis Tek Inc.
Solis Tek Inc. (OTCQB: SLTK) 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. Solis Tek’s customers include retail stores, distributors, ecommerce, and commercial growers. In 2018, Solis Tek expanded into the “touch-the-plant” side of the cannabis business under a contract with an Arizona licensee and its ongoing build-out of a cultivation and processing facility in Phoenix, AZ. For more information, please visit our website, www.solis-tek.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect Solis Tek’s current plans and expectations, as well as future results of operations and financial condition. Solis Tek undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
Attachment
Contact:
Investors Contact:
Hayden IR
917-658-7878
hart@haydenir.com
GlobeNewswire•August 23, 2018
Adds Capital Markets Expertise and Entrepreneurial Spirit
CARSON, CA, Aug. 23, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Solis Tek Inc. (OTCQB: SLTK) (“Solis Tek”), a vertically integrated cannabis technology innovator, manufacturer and distributor, is pleased to announce the additions of Peter Najarian and Tiffany Davis to its Board of Directors.
Mr. Najarian is a recognizable contributor on the CNBC mid-day show “Halftime Report” as well as CNBC’s post-market show “Fast Money” https://www.cnbc.com/fast-money/.
Ms. Davis is currently the Chief Operating Officer of Solis Tek and has nearly 20 years of experience as a financial restructuring professional working in both management consulting and private equity.
Peter Najarian stated, “I am excited to join the Solis Tek team as they continue to successfully grow and broaden their scope in the cannabis sector. With my experience in capital markets, I am positioned to provide knowledge that will help Solis Tek achieve its mission to bring safe, consistent and quality products to patients and legal consumers. I am confident that the management team will execute its business plan and create a variety of opportunities in the legalized cannabis industry.”
Alan Lien, Chief Executive Officer of Solis Tek, commented, “I am pleased to welcome Pete and Tiffany to our Board of Directors. Pete comes to us with an entrepreneurial and capital markets background, which will enable Pete to provide guidance and direction as we continue to diversify our portfolio. Tiffany is a veteran in operations, having worked with many companies in multiple sectors, including the cannabis industry. She will continue to stabilize our operations as we expect increased growth in the next few years. As the industry transforms, so must Solis Tek, and my co-founder Alvin Hao has resigned from the Board to focus his attention on research and development and product innovation. This is key to our long-term growth and continued success. I continue to rely on Alvin’s expertise and look forward to our ongoing partnership.”
Peter Najarian is a founding member of Investitute.com, a financial education and newsletter services company established in 2016. Pete is a founding member of Rebellion Partners, LLC, a private banking company, established in 2016. He is also a founding member of One Chicago, an electronic exchange in futures on individual stocks, narrow-based indexes, and ETFs. He is also the Co-Founder of Hedgehog, a stock, options, and futures trading platform and he co-developed the Heat Seeker™ and complementary programs identifying unusual buying activity in stocks, options, and futures. Following a football career that included several seasons with the NFL's Tampa Bay Buccaneers and Minnesota Vikings, he began options trading in 1992 at Mercury Trading, a market-making firm at the Chicago Board Options Exchange (CBOE). Two years later, he assumed responsibility for Mercury's risk and arbitrage departments. In 2005, Najarian co-founded optionMONSTER, an options news and education firm, and tradeMONSTER, an online brokerage firm. Both were acquired in 2014 by private equity. Mr. Najarian graduated with a BA from the University of Minnesota.
Tiffany 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. Previous to joining Solis Tek, Ms. Davis worked as a management consultant for a U.S. 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, a worldwide accounting firms, overseeing accounting and supply chain advisory services during the automotive crisis in the U.S. Ms. Davis received her B.S. from DePaul University and an MBA from University of Chicago Graduate School of Business.
About Solis Tek Inc.
Solis Tek Inc. (OTCQB: SLTK) 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. Solis Tek’s customers include retail stores, distributors, ecommerce, and commercial growers. In 2018, Solis Tek expanded into the “touch-the-plant” side of the cannabis business under a contract with an Arizona licensee and its ongoing build-out of a cultivation and processing facility in Phoenix, AZ. For more information, please visit our website, www.solis-tek.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect Solis Tek’s current plans and expectations, as well as future results of operations and financial condition. Solis Tek undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
Attachment
Contact:
Investors Contact:
Hayden IR
917-658-7878
hart@haydenir.com
Solis Tek Launches perfectpH, a Natural ION pH Balancer
GlobeNewswire•September 10, 2018
Expands Product Offering of Zelda Horticulture
CARSON, CA , Sept. 10, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Solis Tek Inc. (SLTK) (“Solis Tek”), a vertically integrated cannabis technology innovator, manufacturer and distributor, entered into an exclusive agreement with Torus Hydro, a California corporation, to distribute its proprietary pH balancing system under Solis Tek’s Zelda Horticulture brand. For additional information, please visit:
https://solis-tek.com/zelda-horticulture/perfectph.html
The perfectpH is a pH stabilizer that automatically balances the pH of your hydroponics system or reservoir. perfectpH maintains the ideal range for optimal nutrient absorption. The exclusive features of perfectpH include:
Solis Tek Chief Executive Officer Alan Lien, commented, “We are pleased to announce this new addition to our Zelda product line. Our team is continuously seeking unique technology that provides innovative cultivation solutions. The perfectpH system is a cutting-edge product that creates convenience and simplicity for both hobby and commercial growers.”
About Solis Tek Inc.
Solis Tek Inc. (OTCQB: SLTK) 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. Solis Tek’s customers include retail stores, distributors, ecommerce, and commercial growers. In 2018, Solis Tek expanded into the “touch-the-plant” side of the cannabis business under a contract with an Arizona licensee and its ongoing build-out of a cultivation and processing facility in Phoenix, AZ. For more information, please visit our website, www.solis-tek.com.
Investors Contact:
Hayden IR
917-658-7878
hart@haydenir.com
GlobeNewswire•September 10, 2018
Expands Product Offering of Zelda Horticulture
CARSON, CA , Sept. 10, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Solis Tek Inc. (SLTK) (“Solis Tek”), a vertically integrated cannabis technology innovator, manufacturer and distributor, entered into an exclusive agreement with Torus Hydro, a California corporation, to distribute its proprietary pH balancing system under Solis Tek’s Zelda Horticulture brand. For additional information, please visit:
https://solis-tek.com/zelda-horticulture/perfectph.html
The perfectpH is a pH stabilizer that automatically balances the pH of your hydroponics system or reservoir. perfectpH maintains the ideal range for optimal nutrient absorption. The exclusive features of perfectpH include:
- Eliminates excess pH swings that inhibit plant growth and weakens the plants’ immune system;
- Removes excess toxic alkalinity and acidity build ups, creating an ideal environment for plants;
- Eliminates the need for chemical additives and frequent reservoir changes;
- Conserves water and nutrients; and
- Increases yield.
Solis Tek Chief Executive Officer Alan Lien, commented, “We are pleased to announce this new addition to our Zelda product line. Our team is continuously seeking unique technology that provides innovative cultivation solutions. The perfectpH system is a cutting-edge product that creates convenience and simplicity for both hobby and commercial growers.”
About Solis Tek Inc.
Solis Tek Inc. (OTCQB: SLTK) 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. Solis Tek’s customers include retail stores, distributors, ecommerce, and commercial growers. In 2018, Solis Tek expanded into the “touch-the-plant” side of the cannabis business under a contract with an Arizona licensee and its ongoing build-out of a cultivation and processing facility in Phoenix, AZ. For more information, please visit our website, www.solis-tek.com.
Investors Contact:
Hayden IR
917-658-7878
hart@haydenir.com
Solis Tek Inc branches out into cannabis cultivation, launches new product
olis Tek Inc (TSXV:N.V, OCTMKTS:NXTFF) CEO Alan Lien tells Proactive the vertically integrated cannabis product developer the company is branching out from making cannabis products, into developing its "all-in-one" cultivation, oil extraction, and kitchen at its facility in Arizona.Lien says the lab will be revenue generating by 2Q 2019. Lien says the company's core business of cannabis products its still one of its focuses; the company has recently launched its pH balancing system product under Solis Tek's Zelda Horticulture brand.
https://youtu.be/Us1wZQENcc8
olis Tek Inc (TSXV:N.V, OCTMKTS:NXTFF) CEO Alan Lien tells Proactive the vertically integrated cannabis product developer the company is branching out from making cannabis products, into developing its "all-in-one" cultivation, oil extraction, and kitchen at its facility in Arizona.Lien says the lab will be revenue generating by 2Q 2019. Lien says the company's core business of cannabis products its still one of its focuses; the company has recently launched its pH balancing system product under Solis Tek's Zelda Horticulture brand.
https://youtu.be/Us1wZQENcc8
My son works for Merrill Lynch as a financial planner for affluent clients. Merrill Lynch wont give recommendations on pot stocks because it is officially illegal in the USA. A bunch of the older planners all jumped on TLRY shortly after their IPO for their personal portfolios. Talk about a stock that is going crazy. Almost like the Bitcoin of pot stocks.
This is a pot thread but I think driver less cars is going to be huge and have been on that bandwagon for awhile. Might want to look at some stocks in that market too. AMD & NVDA are stocks to look at. They have been riding NVDA for quite awhile.
This is a pot thread but I think driver less cars is going to be huge and have been on that bandwagon for awhile. Might want to look at some stocks in that market too. AMD & NVDA are stocks to look at. They have been riding NVDA for quite awhile.
Had dinner with my son last night. We were talking about how crazy TLRY was. He said in their office they looked up how you would have done if you had bought $500 of call options 30 days after the IPO and taken advantage of them at their peak. Obviously two key points in time....but he said they calculated that there would have been a $1,000,000 profit in less than 60 days. Now that is pretty damn crazy....would have felt like a drug dealer.
Reflects Shift in Strategy to High Growth Opportunities in Cannabis
CARSON, CA , Sept. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Solis Tek Inc. (OTCQB: SLTK) (the “Company”), a vertically integrated cannabis technology innovator, manufacturer and distributor, has announced a name and ticker symbol change, its final step in the rebranding of its corporate identity. The new name is Generation Alpha, Inc. and the new ticker symbol is GNAL. The name and symbol change will be effective with the start of trading on Thursday, September 27, 2018.
Generation Alpha reflects management’s strategy to leverage business opportunities in legalized cannabis jurisdictions, such as cultivation, processing and retail facilities. The Company will continue to aggressively develop and innovate its lighting division as Solis Tek Digital Lighting and its agricultural products division as Zelda Horticulture.
The Company’s Chief Executive Officer, Alan Lien, commented, “We are excited with the transformation of our business strategy, our progress at our Arizona facility and the additional growth opportunities our team has identified elsewhere in the cannabis industry. While we are pleased with our innovation and progress in our Solis Tek lighting and Zelda Horticulture divisions, we believe Generation Alpha represents our philosophy of bringing the best cannabis products and services to the market. We are confident that this shift in our business strategy will create long-term shareholder value through diversified segments in the legalized cannabis industry
CARSON, CA , Sept. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Solis Tek Inc. (OTCQB: SLTK) (the “Company”), a vertically integrated cannabis technology innovator, manufacturer and distributor, has announced a name and ticker symbol change, its final step in the rebranding of its corporate identity. The new name is Generation Alpha, Inc. and the new ticker symbol is GNAL. The name and symbol change will be effective with the start of trading on Thursday, September 27, 2018.
Generation Alpha reflects management’s strategy to leverage business opportunities in legalized cannabis jurisdictions, such as cultivation, processing and retail facilities. The Company will continue to aggressively develop and innovate its lighting division as Solis Tek Digital Lighting and its agricultural products division as Zelda Horticulture.
The Company’s Chief Executive Officer, Alan Lien, commented, “We are excited with the transformation of our business strategy, our progress at our Arizona facility and the additional growth opportunities our team has identified elsewhere in the cannabis industry. While we are pleased with our innovation and progress in our Solis Tek lighting and Zelda Horticulture divisions, we believe Generation Alpha represents our philosophy of bringing the best cannabis products and services to the market. We are confident that this shift in our business strategy will create long-term shareholder value through diversified segments in the legalized cannabis industry
Generation Alpha Introduces a High Efficiency LED Lighting System
GlobeNewswire•October 18, 2018
CARSON, CA, Oct. 18, 2018 (GLOBE NEWSWIRE) --via NEWMEDIAWIRE -- Generation Alpha, Inc. (OTCQB: GNAL) (the “Company” or “Generation Alpha”), a vertically integrated cannabis technology innovator, manufacturer and distributor, is pleased to announce that its Solis Tek Digital Lighting division has launched its new LED lighting system.
To see the SolisTek B9 LED system, please click this video:
https://drive.google.com/file/d/1LP88S75YUqS97jSJzCtclONnOmUwRGMB/view
The SolisTek B9 LED system is a 720-watt energy efficient alternative to the traditional commercial 1000-watt HID fixtures. The B9 offers a 30 percent energy savings compared to the conventional fixtures, and is further complimented by reduced cooling costs. This full spectrum, high output LED system is comprised of a combination of advanced LED chips. The B9 also has unique features such as controller compatibility and a series of light output dimming options.
The B9 LED system is designed for canopy penetration, which results in higher yields. It is also a perfect option for vertical farming, a new concept being adopted by commercial growers, which is believed to increase space efficiency and plant yield.
Generation Alpha Chief Executive Officer Alan Lien, commented, “We are proud to introduce the B9 LED system as a new addition to our Solis Tek Digital Lighting division. After years of research, development and testing of different LED technologies, we have found an innovative solution for our customers. The B9 provides significant cost savings and works with the farming methods that can result in higher yields.”
About Generation Alpha, Inc.
Generation Alpha, Inc. focuses 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 the Company’s lighting solutions to increase yield, lower costs and grow better to maximize their return on investment. The Company’s customers include retail stores, distributors, ecommerce, and commercial growers. In 2018, the Company expanded into the “touch-the-plant” side of the cannabis business under a contract with an Arizona licensee and its ongoing build-out of a cultivation and processing facility in Phoenix, AZ. For more information, please visit our website, www.solis-tek.com.
GlobeNewswire•October 18, 2018
CARSON, CA, Oct. 18, 2018 (GLOBE NEWSWIRE) --via NEWMEDIAWIRE -- Generation Alpha, Inc. (OTCQB: GNAL) (the “Company” or “Generation Alpha”), a vertically integrated cannabis technology innovator, manufacturer and distributor, is pleased to announce that its Solis Tek Digital Lighting division has launched its new LED lighting system.
To see the SolisTek B9 LED system, please click this video:
https://drive.google.com/file/d/1LP88S75YUqS97jSJzCtclONnOmUwRGMB/view
The SolisTek B9 LED system is a 720-watt energy efficient alternative to the traditional commercial 1000-watt HID fixtures. The B9 offers a 30 percent energy savings compared to the conventional fixtures, and is further complimented by reduced cooling costs. This full spectrum, high output LED system is comprised of a combination of advanced LED chips. The B9 also has unique features such as controller compatibility and a series of light output dimming options.
The B9 LED system is designed for canopy penetration, which results in higher yields. It is also a perfect option for vertical farming, a new concept being adopted by commercial growers, which is believed to increase space efficiency and plant yield.
Generation Alpha Chief Executive Officer Alan Lien, commented, “We are proud to introduce the B9 LED system as a new addition to our Solis Tek Digital Lighting division. After years of research, development and testing of different LED technologies, we have found an innovative solution for our customers. The B9 provides significant cost savings and works with the farming methods that can result in higher yields.”
About Generation Alpha, Inc.
Generation Alpha, Inc. focuses 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 the Company’s lighting solutions to increase yield, lower costs and grow better to maximize their return on investment. The Company’s customers include retail stores, distributors, ecommerce, and commercial growers. In 2018, the Company expanded into the “touch-the-plant” side of the cannabis business under a contract with an Arizona licensee and its ongoing build-out of a cultivation and processing facility in Phoenix, AZ. For more information, please visit our website, www.solis-tek.com.
GreenLight Report: Generation Alpha Name Changer, Game Changer
Las Vegas, Nevada--(Newsfile Corp. - November 6, 2018) - The raging cannabis market has created many a robust business plan and opportunity. Companies are rushing to participate in every aspect of the industry spectrum from facilitator to grower. Very few can claim that they are doing both as is the case for Generation Alpha, Inc. (OTCQB: GNAL), a vertically integrated cannabis technology innovator, manufacturer and distributor. The recently completed name and ticker symbol change is the last mile along a long road that now thrusts a respected purveyor of horticultural products into one of the most lucrative segments of the cannabis industry.
Generation Alpha has now gone from successful provider of top-flight horticultural essentials, award-winning LED lights and nutrients, to major cannabis growers in legal municipalities to joining the actual cultivation market, leveraging their own technology pedigree and becoming growers themselves. In 2017, the Company, mainly through its Solis Tek LED lighting division, generated $9 million revenue, but management had bigger aspirations and opportunities in touching the plant. Generation Alpha can now directly participate in one of the most potentially profitable aspects of the cannabis industry in one of the fastest growing states with the added benefit of their own technology and relationships.
The breadth of the opportunity perhaps explains Generation Alpha's ability to add a respected national financial media voice to its Board of Directors. Recently, the Company named Peter Najarian to its Board of Directors. Mr. Najarian is a recognizable contributor on the CNBC mid-day show "Halftime Report" as well as CNBC's post-market show "Fast Money" and has a large following.
It is important to note that the Company's path to market is short as it expects to be processing cannabis in early 2019. To that end, Generation Alpha will hit the ground running with a 70,000 square foot advanced cultivation and processing facility in Phoenix, Arizona. Currently under build-out construction, the facility is anticipated to become revenue generating in the second quarter of 2019.
The Company will maintain and continue to grow its successful horticultural products business, capitalizing on the expanding market as they have so far. Having two cannabis irons in the fire of opportunity is both unique and desirable given the Arizona forecasts from publications in the know that are bullish to say the least. In a recent article, Marijuana Business Daily reports that "Steady growth has characterized Arizona's medical marijuana program over the past few years, and 2017 was no exception as the state reinforced its position as one of the nation's largest MMJ markets. Additionally, Arizona's MMJ program added over 38,000 patients to its rolls over the course of the year - a 34% increase - firmly establishing the state's medical cannabis market as the third largest in the United States."
Market watchers Motley Fool speculate that Arizona could have a billion dollar marijuana market in the next four years in this essay from June.
These eye-popping numbers explain Generation Alpha's expansion. With the credibility earned through years of assisting others in efficient cultivation of legal cannabis already under roof, adding the potentially deep, deep pools of revenue that often comes with being a direct grower makes sense. Many of the relationships, expertise and understanding of the market are already in-house.
And with the proverbial earth moving favorably under their feet as Arizona's cannabis market explodes, Generation Alpha's isn't just changing its name, it's doubling down on a rare opportunity.
About Generation Alpha, Inc.
Generation Alpha, Inc. (OTCQB: GNAL) 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 the Company's lighting solutions to increase yield, lower costs and grow better to maximize their return on investment. The Company's customers include retail stores, distributors, ecommerce, and commercial growers. In 2018, the Company expanded into the "touch-the-plant" side of the cannabis business under a contract with an Arizona licensee and its ongoing build-out of a cultivation and processing facility in Phoenix, AZ. For more information, please visit our website, http://genalphainc.com.
About The Green Light Report:
The Green Light Report is powered by professional journalists with two-decades of experience in public markets. Each subject company that Green Light is contracted to cover is examined through a macro/micro approach that reviews larger events for its primary industry and how it might affect future market opportunities. First tier sources will be studied, cited, and offered to readers. Additionally, material events by the subject company will be noted for the readers' consideration. We often rely on industry experts, Forbes, Bloomberg, The Wall Street Journal and other periodicals of established pedigree who have no relationship to the covered company whatsoever.
Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. The GreenLight Report and GreenLight IR are property of Integrity Media Inc. (IMI). IMI provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject company has reviewed and approved this report. This report is neither a solicitation to buy nor offer to sell securities and is for informational purposes only and shouldn't be used as basis for investment decisions. IMI isn't an investment advisor, analyst or licensed broker dealer and this report isn't investment advice. IMI has been paid $1,500 for this report by Tysadco Partners on behalf of and for the benefit of Generation Alpha. Paid reports constitute a conflict of interest as to IMI's ability to remain objective in communication regarding subject companies. Other articles linked to herein have not been individually vetted for accuracy.
To have your company featured in the Green Light report please use the contact info below:
Integrity Media
www.GreenLightIR.com and
www.IntegrityIR.com
(888) 216-3595
Las Vegas, Nevada--(Newsfile Corp. - November 6, 2018) - The raging cannabis market has created many a robust business plan and opportunity. Companies are rushing to participate in every aspect of the industry spectrum from facilitator to grower. Very few can claim that they are doing both as is the case for Generation Alpha, Inc. (OTCQB: GNAL), a vertically integrated cannabis technology innovator, manufacturer and distributor. The recently completed name and ticker symbol change is the last mile along a long road that now thrusts a respected purveyor of horticultural products into one of the most lucrative segments of the cannabis industry.
Generation Alpha has now gone from successful provider of top-flight horticultural essentials, award-winning LED lights and nutrients, to major cannabis growers in legal municipalities to joining the actual cultivation market, leveraging their own technology pedigree and becoming growers themselves. In 2017, the Company, mainly through its Solis Tek LED lighting division, generated $9 million revenue, but management had bigger aspirations and opportunities in touching the plant. Generation Alpha can now directly participate in one of the most potentially profitable aspects of the cannabis industry in one of the fastest growing states with the added benefit of their own technology and relationships.
The breadth of the opportunity perhaps explains Generation Alpha's ability to add a respected national financial media voice to its Board of Directors. Recently, the Company named Peter Najarian to its Board of Directors. Mr. Najarian is a recognizable contributor on the CNBC mid-day show "Halftime Report" as well as CNBC's post-market show "Fast Money" and has a large following.
It is important to note that the Company's path to market is short as it expects to be processing cannabis in early 2019. To that end, Generation Alpha will hit the ground running with a 70,000 square foot advanced cultivation and processing facility in Phoenix, Arizona. Currently under build-out construction, the facility is anticipated to become revenue generating in the second quarter of 2019.
The Company will maintain and continue to grow its successful horticultural products business, capitalizing on the expanding market as they have so far. Having two cannabis irons in the fire of opportunity is both unique and desirable given the Arizona forecasts from publications in the know that are bullish to say the least. In a recent article, Marijuana Business Daily reports that "Steady growth has characterized Arizona's medical marijuana program over the past few years, and 2017 was no exception as the state reinforced its position as one of the nation's largest MMJ markets. Additionally, Arizona's MMJ program added over 38,000 patients to its rolls over the course of the year - a 34% increase - firmly establishing the state's medical cannabis market as the third largest in the United States."
Market watchers Motley Fool speculate that Arizona could have a billion dollar marijuana market in the next four years in this essay from June.
These eye-popping numbers explain Generation Alpha's expansion. With the credibility earned through years of assisting others in efficient cultivation of legal cannabis already under roof, adding the potentially deep, deep pools of revenue that often comes with being a direct grower makes sense. Many of the relationships, expertise and understanding of the market are already in-house.
And with the proverbial earth moving favorably under their feet as Arizona's cannabis market explodes, Generation Alpha's isn't just changing its name, it's doubling down on a rare opportunity.
About Generation Alpha, Inc.
Generation Alpha, Inc. (OTCQB: GNAL) 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 the Company's lighting solutions to increase yield, lower costs and grow better to maximize their return on investment. The Company's customers include retail stores, distributors, ecommerce, and commercial growers. In 2018, the Company expanded into the "touch-the-plant" side of the cannabis business under a contract with an Arizona licensee and its ongoing build-out of a cultivation and processing facility in Phoenix, AZ. For more information, please visit our website, http://genalphainc.com.
About The Green Light Report:
The Green Light Report is powered by professional journalists with two-decades of experience in public markets. Each subject company that Green Light is contracted to cover is examined through a macro/micro approach that reviews larger events for its primary industry and how it might affect future market opportunities. First tier sources will be studied, cited, and offered to readers. Additionally, material events by the subject company will be noted for the readers' consideration. We often rely on industry experts, Forbes, Bloomberg, The Wall Street Journal and other periodicals of established pedigree who have no relationship to the covered company whatsoever.
Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. The GreenLight Report and GreenLight IR are property of Integrity Media Inc. (IMI). IMI provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject company has reviewed and approved this report. This report is neither a solicitation to buy nor offer to sell securities and is for informational purposes only and shouldn't be used as basis for investment decisions. IMI isn't an investment advisor, analyst or licensed broker dealer and this report isn't investment advice. IMI has been paid $1,500 for this report by Tysadco Partners on behalf of and for the benefit of Generation Alpha. Paid reports constitute a conflict of interest as to IMI's ability to remain objective in communication regarding subject companies. Other articles linked to herein have not been individually vetted for accuracy.
To have your company featured in the Green Light report please use the contact info below:
Integrity Media
www.GreenLightIR.com and
www.IntegrityIR.com
(888) 216-3595
