Solis Tek Subsidiary Zelda Horticulture Broadens Its Commercial Offering
Second Commercial Product Aimed at Helping Cannabis Cultivators Maximize the Quality and Yield of Their Grows
CARSON, CA--(Marketwired - February 20, 2018) - Solis Tek, Inc. (OTCQB: SLTK), a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in legal markets across the U.S., today announced that its wholly-owned subsidiary Zelda Horticulture has launched its Neutralizer plant wash, marking Zelda's second commercially available product.
Neutralizer is a plant-derived, proactive plant wash made from all natural ingredients, which helps growers prevent and eradicate pest, fungus and mold infestations. Neutralizer will be available at hundreds of hydroponic stores nation-wide currently stocking and selling other Solis Tek/Zelda products, as well as through select e-commerce sites. Neutralizer expands Zelda's commercial portfolio, which includes its terpene enhancer Terpenez™, and supports Zelda's mission to provide cannabis cultivators with access to all-natural nutrients and other solutions to help cannabis cultivators maximize the yield and quality of their grows.
"We are excited to launch Neutralizer and to provide growers with an alternative to chemical-laden IPM (integrated pest management) tools which can be carcinogenic," said Alan Lien, Chief Executive Officer of Solis Tek. "In contrast, Zelda's Neutralizer offers an effective alternative which contains no ingredients that are banned in states like California, leveraging essential oils to help growers prevent and manage pest, fungus and mold infestations as part of their daily or weekly routine and, in higher doses, to minimize a pest, fungus or mold infestation."
Mr. Lien added, "The expansion of Zelda's product line is a key component to Solis Tek's overall strategy to provide a broad suite of products and services targeted at the commercial cannabis industry. Specifically, Zelda Horticulture represents a compelling growth opportunity for Solis Tek, as nutrients carry higher margins compared with the lighting vertical. In addition, its products will be sold through the same robust and well-established sales and distribution channels as its lighting products, while providing recurring revenues from repeat orders throughout a plant's growth cycle, as compared with the longer sales cycle associated with the lighting vertical. Lastly, like the lighting division, the Zelda line does not result in Solis Tek 'touching the plant,' which should be less subject to any future changes in the regulatory environment regarding the cultivation and sale of cannabis products."
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About Solis Tek
Solis Tek, Inc., parent company of wholly owned subsidiaries Solis Tek Digital Lighting and Zelda Horticulture, 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. In late 2017, Solis Tek introduced Zelda Horticulture, a nutrient line with all-natural ingredients. The Company's customers include retail stores, distributors and commercial growers in the United States and abroad. For more information, please visit our website, http://www.solis-tek.com.
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 the Company's current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.