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Monday, 05/08/2017 9:50:24 AM

Monday, May 08, 2017 9:50:24 AM

Post# of 762
CARSON, CA–(Marketwired – May 08, 2017) – Solis Tek Inc. (OTCQB: SLTK), a leading provider of digital lighting equipment for hydroponic cannabis cultivation, reported record revenues for the quarter ended March 31, 2017 of $2,901,826 compared to revenue of $2,584,668 in the first quarter of 2016. This represents a 12% increase in revenue year-over-year. Gross profit for the quarter ended March 31, 2017 and 2016, was $1,120,522 and $925,957, respectively. The gross profit increase of $194,565, or 21%, was primarily due to an increase in revenue and continued focus on internal efficiencies.

I believe Solis Tek is poised to continue to build market share within the cannabis industry and I am excited to have joined the Company at an inflection point in its growth and path towards maximizing its potential.

They also launched a new product range in fertilizer so a new revenue stream going forward