|Auditor:||Weinberg & Company|
|Cash on hand:||$427K|
|Revenues – Last Quarter:||$2.44mm|
|Adj. Gross Margin :||37.7%|
Capital Structure (8/04/17)
|Last Financing:||312.5K shares at $0.80|
Watch an Exclusive Webinar with Solis Tek
Solis Tek generates revenue in the Cannabis industry without ever touching the plant!
In this exclusive webinar, learn how Solis Tek generates revenue in the Cannabis industry without ever touching the plant. Solis Tek Inc., (OTCQB: SLTK) a company focused on the research, design, development and manufacturing of advanced, energy efficient indoor horticulture lighting and ancillary equipment, generated sales in excess of $8.5mm in 2016.
The company has continued growth in the core business and is gaining traction with its newly introduced specialized nutrients line developed to boost terpenes. The speakers include founder Alan Lien and CEO Dennis Forchic, hosted by Alan Brochstein, of New Cannabis Ventures.
Solis Tek Inc., a company focused on the research, design, development and manufacturing of advanced, energy efficient indoor horticulture lighting and ancillary equipment, generated sales in excess of $8.5mm in 2016. Its vision is to apply the latest advances in high efficiency lighting and controls technology as well as effective manufacturing techniques to deliver highly differentiated products with clear benefits at competitive prices to both the greenhouse and indoor horticulture markets. Its digital ballast technology includes the industry’s only true staggered ignition, preventing electrical surges, and a pre-ignition self-diagnostic check system that checks for eight separate factors.
The Company is riding the wave of legalization across the states for both medical and adult use markets and intends to take advantage of its premium lighting brand among growers. In addition, it has a new line of nutrients representing a class of horticultural products aimed at increasing the grower’s yield and enhancing the aromatic experience associated with the product. Terpenez is formulated from all organic botanical extracts and is designed to assist the plant with processes associated with oil and resin production. Neutralizer, an organic pesticide as well as an everyday fertilizer, is an all-natural plant extract based leaf wash designed to ensure optimum plant health by acting as both a contact agent as well as a gentile surfactant.
Customer photos and installations by Solis Tek, providing the highest quality lighting designed for commercial-grade horticulture.
The Solis Tek product line includes complete systems, digital ballasts, reflectors and a variety of lamps, including single-ended, double-ended and ceramic metal halide.
- Focused on lighting and nutrients
- $8.56mm sales in 2016
- Substantial R&D investment
- New CEO in early 2017
- Continued lighting product innovation
- Lighting applications beyond cannabis
- GrowPro Solutions plant nutrients and fertilizers
- Software-based ballasts with Ignition Control sequential lamp ignition and SenseSmart self-diagnostic safety systems
- Metal halide lamps calibrated to the Solis Tek digital ballasts
- Range of lighting technologies, including high pressure sodium, metal halide, ceramic metal halide and LED.
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New Cannabis Ventures in partnership with due diligence platform 420Investor, is the definitive source for fact-based, data-driven, financial information and relevant company news for qualified publicly traded cannabis companies. NCV extracts and parses only the most important content. Information is provided “as is” and solely for informational purposes, not for trading or advice. Solis Tek Inc., is a client of NCV Media, LLC. Read our full disclaimer.