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SOLIS TEK, INC.

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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Initial Research Report (Dated 11/20/2017)

Symbol: SLTK
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $3.00
Time Horizon: 12 Months
Rating Established: November 20, 2017
Price When Established: $1.50
Most Recent Report: November 20, 2017
Price When Issued: $1.50


What's New

Alan Lien Appointed Chief Executive Officer at Solis Tek

On February 15, 2018, Solis Tek Inc. (OTC: SLTK) announced that its Co-Founder, Chairman, Chief Financial Officer and President, Alan Lien, has been appointed Chief Executive Officer. Lien replaces Dennis Forchic who has been removed both from his role as CEO and as a member of the Board of Directors due to a strategic outlook that was incompatible with the majority of the founding Directors' plans and expectations for the company.

Lien founded Solis Tek in 2009 and served as the company's CEO through 2016, at which point he was appointed Chairman. Since co-founding the company, Lien has been responsible for leading the manufacturing, development, and sourcing of Solis Tek’s products, in addition to the company's sales and operational strategies. In his return to the CEO role, Lien will be focused on driving revenue growth by launching new products and expanding into new territories.

From 2006 to 2009, Lien was the Chief Operating Officer for A&A Lien Enterprise. During his tenure as the COO for A&A, Lien supervised the development of new manufacturer relationships, purchasing and client development, as well as overseeing quality control and trade show participation. Lien received his BS in Marketing from Monmouth University.


Company Description

Solis Tek, headquartered in Carson, CA, is a developer, manufacturer, and distributor of products to commercial cannabis growers in both the medical and recreational space in legal markets across the US. The company’s lighting products have enabled cannabis growers to increase yield and lower costs in order to maximize their return on investment. Solis Tek also offers a line of organic nutrient products.


Company Reports

Initial Research Report (Dated November 20, 2017)


Disclaimer

Please view our current disclosure and disclaimer on our most recent research report.