Solis Tek Provides Update for its Cannabis Cultivation and Processing Facility in Arizona
Progressing as Expected; Targeted to Commence Operations in First Half of 2019
CARSON, CA, July 25, 2018 (GLOBE NEWSWIRE) -- Solis Tek, Inc. (OTCQB: ) (“Solis Tek”), a vertically integrated cannabis technology innovator, manufacturer and distributor, today provided an update on its previously announced acquisition from May 11, 2018. The cannabis cultivation and processing facility build-out is progressing on schedule and Solis Tek expects operations to begin in the first half of 2019.
Solis Tek plans to develop the facility into a technologically advanced cultivation and processing facility in Arizona.The 70,000-square foot facility, located in Phoenix, Arizona has advanced to the design phase, which is expected to be completed by October 2018.
Omni Build Group has been instrumental in managing the project for Solis Tek and its partners. Solis Tek has been working with Edge Construction, who has experience in designing and building grow facilities. The demolition and rebuilding of the interior of the prior existing building is progressing on schedule.
The architecture design and planning is being spearheaded by DPA Architects of Scottsdale. DPA has previous experience executing cannabis grow designs. DPA also specializes in technical projects for multiple industrial and technology-based firms that have very tight climate control standards; which is critical to the Arizona operations.
Production and oil extraction is in the process of build-out with equipment estimated to be purchased in the third quarter of this year. Solis Tek is working with the local municipalities and power companies to ensure the proper power feeds are available for its facility.
Solis Tek Chief Executive Officer, Alan Lien, commented, “We remain excited about this opportunity in Arizona and its growth and profitability potential. We are pleased with the progress to-date and the work of our partners on the project. We look forward to commencing operations at this facility in the first half of 2019.”
About Solis Tek, Inc.
Solis Tek, Inc. (OTCQB: ) is a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in both the medical and recreational space in legal markets across the U.S. For nearly a decade, growers have used Solis Tek's lighting solutions to increase yield, lower costs and grow better to maximize their return on investment. Solis Tek’s customers include retail stores, distributors and commercial growers. For more information, please visit our website, .
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect Solis Tek’s current plans and expectations, as well as future results of operations and financial condition. Solis Tek undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
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