Shifting Business Model to Take Advantage of Cannabis
Opportunities Within Legalized Jurisdictions
Solis Tek, Inc. (OTCQB: SLTK), a vertically integrated cannabis
technology innovator, manufacturer and distributor, today announced
the issuance of the following shareholder letter from its Chief
Executive Officer, Alan Lien:
Dear Solis Tek family, partners and shareholders,
We would like to thank you for your interest and support as we
are proud of our achievements to-date, having grown to a $9 million
revenue business in 2017. While we remain enthused about our
current business lines in lighting and nutrients for cannabis
cultivation, we are exploring many exciting new opportunities to
participate in the expanding legalized cannabis industry.
The legalized cannabis industry continues to evolve rapidly,
especially in the United States. Currently, 29U.S. states (plus
D.C.) are legal for medical use and nineU.S. states are legal for
adult recreational-use. Sentiment is driving demand as cannabis
prohibition is waning at both the Federal and State level.
According to Gallup polls as of October 2017, 64%of Americans
support full cannabis legalization. According to CBS News polls as
of April 2017, 61%of Americans favor legalization of cannabis in
one form or another and 88%favor medical use.
Our award winning digital lighting and nutrient products,
introduced in 2010 to the fast-growing cannabis industry, will
continue to enable cannabis growers to increase yield, lower costs
and maximize their return on investment. As we expand our network
of relationships in the cannabis industry, we have come across many
new opportunities for possible corporate expansion.
Our Board and management team are extremely excited about these
new opportunities and are determined to broaden the Company's
participation in the cannabis industry. Accordingly, we will be
transitioning from being purely a service and product provider to
exploring new opportunities across all cannabis market
segments.
These opportunities are in varying sectors of the cannabis
industry and we believe they will offer significant revenue growth
at higher margins and sustainable profitability. While we have been
presented with many potential opportunities over time, some plans
have advanced quickly, and we expect to make further announcements
in the coming days and weeks.
We feel this is the right time to transition our Company and
strategy because we see an evolving and more beneficial cannabis
environment with opportunities to accelerate our growth with our
sights on profitability and building long-term shareholder
value.
The community is delayed by three days for non registered users.
PRED News Release
Posted by gas6733 on 25th of Mar 2020 at 07:43 am
PRED
https://www.predictivelabs.com/assurance-ab-covid19/
SSaffer I sent you a
Intersting article
Posted by gas6733 on 3rd of Jan 2020 at 11:56 am
SSaffer I sent you a PM
FYI CBAY downgraded today from
Daily Views
Posted by gas6733 on 25th of Nov 2019 at 09:22 am
FYI CBAY downgraded today from buy to Hold
GNAL https://finance.yahoo.com/news/cannabisnewswire-announces-publication-cannabis-sector-133000695.html
Posted by gas6733 on 15th of Nov 2018 at 08:43 am
GNAL
https://finance.yahoo.com/news/cannabisnewswire-announces-publication-cannabis-sector-133000695.html
WEYL News
Posted by gas6733 on 10th of Oct 2018 at 08:41 am
https://finance.yahoo.com/news/weyland-tech-announces-strategic-venture-123000862.html
KALV has earnings 9-14-18 pre-Market
KALV a new insider play
Posted by gas6733 on 13th of Sep 2018 at 10:23 am
KALV has earnings 9-14-18 pre-Market A.M.
Solis Tek Issues Shareholder Update
SLTK NICE follow through
Posted by gas6733 on 24th of Apr 2018 at 10:56 am
Solis Tek Issues Shareholder Update Letter
Today 8:30 AM ET (GlobeNewswire) Print
Shifting Business Model to Take Advantage of Cannabis Opportunities Within Legalized Jurisdictions
Solis Tek, Inc. (OTCQB: SLTK), a vertically integrated cannabis technology innovator, manufacturer and distributor, today announced the issuance of the following shareholder letter from its Chief Executive Officer, Alan Lien:
Dear Solis Tek family, partners and shareholders,
We would like to thank you for your interest and support as we are proud of our achievements to-date, having grown to a $9 million revenue business in 2017. While we remain enthused about our current business lines in lighting and nutrients for cannabis cultivation, we are exploring many exciting new opportunities to participate in the expanding legalized cannabis industry.
The legalized cannabis industry continues to evolve rapidly, especially in the United States. Currently, 29U.S. states (plus D.C.) are legal for medical use and nineU.S. states are legal for adult recreational-use. Sentiment is driving demand as cannabis prohibition is waning at both the Federal and State level. According to Gallup polls as of October 2017, 64%of Americans support full cannabis legalization. According to CBS News polls as of April 2017, 61%of Americans favor legalization of cannabis in one form or another and 88%favor medical use.
Our award winning digital lighting and nutrient products, introduced in 2010 to the fast-growing cannabis industry, will continue to enable cannabis growers to increase yield, lower costs and maximize their return on investment. As we expand our network of relationships in the cannabis industry, we have come across many new opportunities for possible corporate expansion.
Our Board and management team are extremely excited about these new opportunities and are determined to broaden the Company's participation in the cannabis industry. Accordingly, we will be transitioning from being purely a service and product provider to exploring new opportunities across all cannabis market segments.
These opportunities are in varying sectors of the cannabis industry and we believe they will offer significant revenue growth at higher margins and sustainable profitability. While we have been presented with many potential opportunities over time, some plans have advanced quickly, and we expect to make further announcements in the coming days and weeks.
We feel this is the right time to transition our Company and strategy because we see an evolving and more beneficial cannabis environment with opportunities to accelerate our growth with our sights on profitability and building long-term shareholder value.
Sincerely,
Alan Lien
Chief Executive Officer
Bravo!! for Bravo Today :)
BBRG - Chart Link - here is another Swing Fundamental ...
Posted by gas6733 on 30th of Jan 2018 at 06:41 pm
Bravo!! for Bravo Today :)
SVLT
Posted by gas6733 on 22nd of Mar 2015 at 10:56 am
According to this SVLT presents at 1:40 on Monday.
http://wallstconference.com/schedule/
Go Bucky!!!!
Have a nice weekend everyone...good luck on your brackets.
Posted by gas6733 on 21st of Mar 2015 at 09:43 pm
Zolt moving
Posted by gas6733 on 16th of Feb 2012 at 10:43 am
RUT
Posted by gas6733 on 27th of Dec 2011 at 09:45 am
Ascending Triangle or Flag?
MNI Breaking
Posted by gas6733 on 23rd of Dec 2011 at 11:21 am
Amen Go Pack
a nice...
Posted by gas6733 on 3rd of Nov 2011 at 01:00 pm
Amen Go Pack
GS Small bear Flag?
Banks
Posted by gas6733 on 23rd of Aug 2011 at 11:39 am
Banks
Posted by gas6733 on 23rd of Aug 2011 at 09:40 am
The financials are in shambles look at GS trading at $105
FED Day
Posted by gas6733 on 9th of Aug 2011 at 07:51 pm
Seen many a Fed day that were up huge after the announcement and reverse entirely the next day. Hope this isn't one of those times
Thanks Matt Nice call
ALAN - nice pop!!!
Posted by gas6733 on 21st of Jul 2011 at 09:58 am
Thanks Matt Nice call
LXRX 30 Min
Posted by gas6733 on 20th of Jul 2011 at 03:41 pm
$RUT 60
Posted by gas6733 on 11th of Jul 2011 at 07:04 pm
I maybe way off base here but I thought I would try.