|Auditor:||Weinberg & Company|
|Cash on hand:||$276K|
|Revenues – Last Quarter:||$1.98mm|
|Adj. Gross Margin :||38.2%|
|Last Financing:||312.5K shares at $0.80|
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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