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Most firms don't allow stops on otc
100% correct, these guys don't touch the plant and this makes them even more attractive. In the space but zero federal issues and because of that, they can uplist at some point
This stock is an animal, $3.5m traded today.
Uplist on the horizon at $4 ?
My feeling is by year end $10 on higher exchange market capm$360m plus
Strong close, set to test $3
The big difference is that sltk are recognised as the lighting guys in this business and will get their fair share of new contracts. As the Mj business banking expands so too does the need for lights this it makes sense that revenue and profit for sltk increases.
Added to this is a tight share structure and great management, all ads to a winning combo. I agree with the $3.50 for now but that doesn't take into account increased revenue, new products and possible M and A.
Sltk is one of the very few real companies in this space and given that they don't touch" the plant, can uplist to higher exchanges.
Also, if you look at the trading, this is not all retail buying, this volume is institutional and if there are locking it away then this goes much higher
This party is only Starting, if they continue to grow as they are then it's all up from here. Even today they are undervalued. The MJ industry is growing and these guys have the best product in the business so it's all blue sky from here. Exciting. Welcome to the board d
Exciting times ahead. They are ticking all the right boxes
A chart to die for and strong eod.. looks like it's gathering admirers and people understanding the value here.
More good news for the MJ space in the US
http://finance.yahoo.com/news/marijuana-news-roundup-us-attorney-121010752.html
At this rate, we see $2 plus this week. It's starting to garner attention for the right reasons. Any idea when q1 results come out?
What do you feel is the true value here?
Great end to the week, looks really strong . Still amazing value here. Trading it at 8 times 2016 revenue, industry average is 14 times revenue plus a good 2017 hasn't been built in.
And much much more!
Kshb is a good company as is sktk. We go much higher from here. Looking forward to seeing Q1 numbers, that should tell us the tale and if they are good, we push on
Good to have you on board at the beginning, I believe this will prove to be one of the best stocks in the space. Exciting times . Here's a interesting report from earlier today they sums things up.
https://www.insiderfinancial.com/solis-tek-inc-otcmkts-sltk-is-a-microcap-runner/121812/
Agreed, that's why the company is expanding and diversifying into other sectors.
Re the lighting, they were voted industry leader in 2016 for lights so they have their finger on the pulse of when the tech is goung
Kush revenue and sltk revenue at same levels as are margins , internal restructuring a )see recent PRs will leads to profitability and also an extended product range will go long way to breaking the company ahead of kshb (not undermining kshb, just my thoughts of sltk)
It's also grossly undervalued at a 34m parent cap when you look at kshb at 140m
Won't be surprised if the experts in this space start taking notice shortly. It was just added to the Marijuana index https://www.forbes.com/sites/debraborchardt/2017/04/12/here-are-the-5-stocks-added-to-the-u-s-marijuana-index/#489bba3f52e7
If you're s fan of kush check out sltk, practically a mirror image revenye and margin wise but it's 1/5 of the market cap!! A complete steal
If you're a fan of kush check out sltk, practically a mirror image revenye and margin wise but it's 1/5 of the market cap!! A complete steal
The public is so confused that the stock is up 19% !! Was just added to the Marijuana index of top stocks in the industry http://www.wrcbtv.com/story/35119940/mjic-rebalances-index-adds-7-new-cannabis-companies
Realization all round shortly that this is s fantastic company in a great space
Dear all,
This is a private message I received from the genius that is fingers
fingers Member Level
Monday, April 10, 2017 8:07:48 AM
lol you tried to boot me off the SLTK but it didnt work. you fuckin retard. And tell your momma to get off me. she smells
Classy guy, he was removed from the board by admin for abusive language, guess he hasn't learned .
Your so busy making money, that's why you're over here trolling!! Lol ??
Back over to the pump and dump boards fingers
It's not a bat, it's an education. If you had bothered doing any research you would realise the filing is out and your earlier statement was incorrect.
Revenue up, gross profit up, margins up, cash balance up, assets v liabilities positive 1.5m and over losses down.
Insecurity isn't the issue, unresearced statements that have no truth is the issue.
There's enough of that from the government on a daily basis without filling this board with it as well.
SolisTek: A Leader in Cannabis Light with Growing Revenue
inShare
Ryan Allway
March 27th, 2017
News
The legal cannabis industry is expected to surpass $50 billion in size over the coming decade, which has created numerous opportunities for investors in the space. While some companies offer investors exposure to growing the drug, others are focused on ancillary markets that may involve less regulatory risk. Investors may want to consider adding the latter type of companies to their portfolio to diversify risk and build exposure to other parts of the industry.
In this article, we will take a look at SolisTek Inc.’s (OTCQB: SLTK) compelling products and strong financial performance last year.
Leader in Cannabis Lighting
The legal cannabis industry is expected to reach $50 billion in size by 2026, according to Cowen & Co., which has generated significant demand for growing equipment. In fact, Scotts Miracle-Gro Co. (NYSE: SMG), a $5.6 billion agricultural giant known for lawn care products, spent around a half billion dollars creating a Hawthorne Gardening Co. subsidiary to capture portions of the booming urban gardening and hydroponics market last year.
SolisTek is focused on the research, design, development, and manufacturing of advanced, energy efficient greenhouse indoor horticulture lighting and ancillary equipment within this booming market. By applying the latest advances in high efficiency lighting and controls, the company delivers highly differentiated products with clear benefits and competitive prices to greenhouse and indoor horticulture markets targeting the cannabis industry.
The company’s three differentiating technologies include:
Ignition Control™ – A lamp ignition technology that ignites lamps one-at-a-time based on load stability rather than randomized start-up. This helps prevent surges and spikes that can overload circuit breakers while maximizing electrical efficiency.
SenseSmart™ – A pre-ignition self-diagnostic and safety tool that checks eight different factors before attempting to power a lamp. The technology detects things like lamp compatibility issues, overheating, or defective lamps and displays an error code.
Total Harmonic Distortion – THD is caused by putting different waveform distortions together in a power supply and can cause distorted voltages and overloaded equipment failures. The company’s technology runs at very low THD ratings versus competitors.
These technologies are incorporated into nearly 40 different products that the company sells through its website and distributors. These products include complete fixtures, digital ballasts, digital lamps, reflectors, lighting accessories, and official apparel. The products are sold in approximately 500 retail locations, as well as through a few wholesale distributors covering Canada, Spain, Australia, Germany, Italy, Austria, Czech Republic, France, and the U.K.
Strong Financial Performance
SolisTek reported record revenue that increased 25% to $7,713,456 last year driven by increased demand for hydroponics equipment. At the same time, gross profit margins increased 10% to 35%, which yielded gross profit of $2,719,036 for the year. The increased profit margins were attributed to greater operating efficiencies coupled with sales of higher margin lamp products last year compared to the year-ago period in 2014.
“We are pleased that we were able to achieve record revenues from sales in 2015 as we expect to increase revenues in 2016,” said SolisTek Inc. CEO Alan Lien in a recent press release. “We are very excited about the growth in our industry and feel that the company is well positioned to take advantage of increased demand for hydroponics equipment.”
The company anticipates that revenue will continue to rise alongside the number of states that have legalized medical or recreational cannabis. With a premium brand name, the company is well-recognized in the cannabis farming community and new entrants tend to seek out its product lines for lighting solutions. The company further intends to market and sell a new line of plant nutrients and fertilizers as a way to grow revenue within its existing customer base.
Looking Ahead
Most publicly-traded companies within the cannabis industry have negligible revenue or involve regulatory risks via the direct handling of marijuana. SolisTek Inc. (OTCQB: SLTK) represents a compelling investment opportunity given its strong revenue growth, gross profitability, and hands-off approach to the cannabis industry by supplying ancillary products rather than dealing with the actual drug.
For more information, visit the company’s website or CannabisFN’s company profile.
The company provides high quality lighting systems to the marijuna market.
They have over 800 outlets throughout the country and are seeing growth year on year.
Last year they did 7.2m in revenue and looking back at the Qs, it's safe to say they look like increasing that for 2016 with continued growth into 2017.
An actual company in this space that is making money with no debt
Not a lot of stock for sale at this level, it's going to go higher from here!!
I don't use the PM function but the answer to your question is no, that's not my name.
Guys,
Have a look at sltk, similar to kush but totally under the radar, 8m a year in revenue and growing. Industry leading products and trading at 30% of kshb market cap.
Zero debt, great management and about to move higher.
Worth a buy if you like kshb
Not only that but over 80% is held by insiders people close to the company.
It's making 8m in revenue in a space that is full of companies not making money.
It's market cap is 4 times Rev in a space that the average valuation is 13 times revenue.
Plus it's growing.
I believe this is one of the top 3 companies in this space and is completely undervalued.
Looking forward to the Q to see there Year on year growth.
Also if you read my earlier post, Leslie Bocskor named checked the company at his last webinar.
The bible for the marijuna business, listen to the last 8 minutes where Leslie Bocskor ( godfather if marijuna investing) lists some credible companies in this space to invest in and SLTK gets s mention.
Only a matter of time before this takes off.
List to last 8 mins
https://newfrontierdata.com/ciarwebinar/
Company doing 8m a year in the marijuna space and valued at 35m.
Comparative companies valuations in excess of 100m
Year on year growth.
Apart from that it's a pump! NOT
Company finally making itself known and smart investors quietly buying
Chart starting too look great , all indicators bullish.
Looking for filing of K to see if growth of company continues
http://www.stockta.com/cgi-bin/analysis.pl?symb=SLTK&cobrand=&mode=stock#4ZmR6S7fcmApMJGL.99
This I should a great company that nobody knows about yet but I'd expect it to be one of the best stocks in this space over the next 12 months
SLTK starting to get a little bit of exposure http://www.livetradingnews.com/beating-street-investing-early-stage-target-companies-32827.html#.WL1YATvyjIU
Technically sltk starting to shape up
http://www.livetradingnews.com/president-trump-vows-win-drug-war-not-mention-marijuana-32639.html#.WLx6WDy6CEd
Hi Eagle,
Provides lighting and ballast to the MJ space, industry leader in quality
https://uk.finance.yahoo.com/news/solis-tek-wins-award-dope-231626140.html
Doing really solid revenue and starting to get some attention recently, market trading at 13 x revenue, sltk running at 3.5 x revenue. Stong management, good growth, great products, making money in this space and I'd expect more to come. Small OS in this space, 64% held by insiders.
I see nothing but growth here from a company and stock perspective.
Thanks for the interest and well done on this, jealous!
Top lighting company 2016
https://uk.finance.yahoo.com/news/solis-tek-wins-award-dope-231626140.html
This is a growing company with solid growth potential, totally undervalued
I was referring to theinvestnent over the last 8 years in r &ad as you asked has the company EVER made money so.
Also if you look at the balance sheet over the last 24 months you will see that they have been clearing debt from the company books. You can also see that they have quite significant stocks in place which again offsets potential operating profit.
It's also interesting to note that a majority of companies in the MJ space don't have revenue let alone profits.
I have no gripe with you and the wolf and I have no idea who the guy you talk about is nor do I care. You and I both know that guys latch onto things when they start moving and claim credit to look good.
The the wolfs comment of a dying space, for every 100 MJ companies out there, 99 have zero rev and will die. Sltk are ahead of the game in this space and are a proven entity, the wolf is right, tech is always changing but it's easy replicated and it's the guys with the supply chains that make the money, not the inventors of new tech.
If you compare a similar company, KSHB , they did 8m in Rev, operating loss 1.6m, , debt on the books and have a market cap of 130m.
Re your other buddies comment if big news coming!, I don't see what it could be other than they are doing what they are doing. I don't see news, I just see people starting to realise this is s good company and the company making itself more known. When that happens, then I believe you will see a truer reflection of value.
Also re the terms picks and shovels, this is standard terminology for any support businesses to any sector. It refers to the gold rush and the fact that the people who made money were not the prospectors but the guys who sold the hardware. Same will apply in this space, all growers will need lights and other support products, and will need to replace regularly. The Gillette razor principle.
Give it s chance and have a look at it for what it it, not based on the fact that some ambulance chaser has seen a bit of volume and tagged his name to it. You have a gripe with him, not the company and if he's a bad guy then so be it. Same for this stocks that moves or whatever you call it. I can name 20 stocks that are mentioned everyday and people that have no involvement claim credit, you guys know how this works and it happens every day
I don't know this ty ( per you message) guy and he doesn't sound like a pleasant person but he does not work nor have any association with SLTK now will he. This is a legit well thought of company in the MJ space with multiple awards and recommendations and only became public a year ago. It has no baggage and is clean and I don't want some guy who tried to hitch a cheap ride tarnishing what I believe is a gem of a company.