Cannabis and Solar Markets Experiencing Major Acquisitions and Growth; Solar Integrated Roofing Growth Explodes With 3 Acquisitions Closing in September
Tickers: Solar Integrated Roofing Corp (OTC PINK:SIRC), Apple Inc. (NASDAQ:AAPL) Tesla, Inc. (NASDAQ:TSLA) Tilray, Inc. (NASDAQ:TLRY), First Solar, Inc. (NASDAQ:FSLR), Diego Pellicer Worldwide, Inc. (OTCQB:DPWW), Green Organic Dutchman Holdings Ltd (OTC PINK:TGODF), Canadian Solar Inc. (NASDAQ:CSIQ)
New York, NY Sep 5, 2019 – Stock Market Press is a leading financial news company that delivers up to date stock news. Today’s headlines bring us the ‘growth nod’ with Solar Integrated Roofing Corp’s (OTC PINK:SIRC) news out on 3 acquisitions closing in September and audits for an up list to OTCQB, additionally we discuss Apple Inc. (NASDAQ:AAPL), Tesla, Inc. (NASDAQ:TSLA) Tilray, Inc. (NASDAQ:TLRY), First Solar, Inc. (NASDAQ:FSLR), Diego Pellicer Worldwide, Inc. (OTCQB:DPWW), Green Organic Dutchman Holdings Ltd (OTC PINK:TGODF), Canadian Solar Inc. (NASDAQ:CSIQ).
We have been watching the cannabis and solar markets go through some major changes over the past year. Two of the biggest things have been acquisitions and revenue growth. Additionally, a market disruptive trend is building, the joining of forces: cannabis and solar.
California is pushing this trend forward with the legalization of marijuana and hemp, along with the new solar regulations requiring roof top solar on all new construction.
One company that is set to benefit greatly from this trend is Solar Integrated Roofing Corp (OTC PINK:SIRC). Their acquisition model focuses on large growth-potential companies, as can be seen in their latest news release:
Solar Integrated Roofing Corporation Prepares for Unprecedented Growth in the Month of September
Company Expects to Close Three Previously Announced Acquisitions Resulting in more than $10 Million in Revenues in the 4th Quarter
Solar Integrated Roofing Corporation (OTC PINK:SIRC) announced today that the company is preparing for the closing of the following previously announced acquisitions:
1 – McKay Roofing – $5 million – September 11th.
2 – Montrose Deal – $3 million – September 20th.
3 – A definitive agreement on the $12 million deal – The week of the 23rd.
David Massey, CEO of Solar Integrated, commented. “we are in a period of unprecedented growth for SIRC and we expect to be able to report more than $10 million in revenues in the company’s 4th quarter.”
Massey added, “the company has engaged the Houston, TX based firm of Olayinka Oyebola to complete the audit as quickly as practical. It is management’s intention to up list the company’s shares to the OTCQB before the end of this year.”
Those are some very impressive numbers and will put Solar Integrated Roofing Corporation (OTC PINK:SIRC) substantially in the green revenue wise. Diego Pellicer Worldwide, Inc. (OTCQB:DPWW) is in the midst of acquisitions and growth and could see some major benefits from integrating solar energy into their mix.
Diego Pellicer Worldwide, Inc. Executes Letter Of Intent To Purchase Denver Cannabis Retail Operation
Latest strategic move is consistent with Diego Pellicer’s commitment to evolve the company’s business model
Diego Pellicer Worldwide, Inc. (OTCQB:DPWW), the premium marijuana brand and development company, today announced that it has executed a letter of intent to purchase a cannabis retail store in Denver. The 3,300 square-foot retail location is projected to have gross sales exceeding $8.5 million in 2019 and $9.5 million in gross sales in 2020.
Canadian Solar Secures Additional 487 Million Brazilian Reais Financing for Solar Power Projects in Brazil
Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced it has secured 487.0 million Brazilian reais (US$ 120 million) non-recourse project financing from Banco do Nordeste do Brasil S.A. (BNB) for its Francisco Sa and Jaiba solar power projects. Since the beginning of 2019, Canadian Solar has secured BRL 782 million (US$ 192 million) solar project financing with BNB.
Other companies that continue to grow in the solar market include Apple Inc. (NASDAQ:AAPL) and Tesla, Inc. (NASDAQ:TSLA). From Apple’s massive solar usage, now over 32 MW, to Tesla’s commercial and residential options, the need for experienced solar rooftop installation companies continues to grow, perfect for Solar Integrated Roofing Corporation (OTC PINK:SIRC).
Growth in the cannabis sector is on par with the solar industry. Technological breakthroughs in solar are aligning with the needs of the cannabis growers and processors. Companies like Tilray, Inc. (NASDAQ:TLRY) and Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTC PINK:TGODF) continue to build expansive greenhouses and processing plants.
TGOD Receives Health Canada Approval to Start Cultivation Operations at Hamilton Hybrid Greenhouse
The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (OTC PINK:TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it has obtained approval from Health Canada, under the Cannabis Regulations, to expand operations into its new hybrid greenhouse located in Hamilton, Ontario. The 123,000 square foot state-of-the-art facility will serve to increase TGOD’s premium organic cannabis production as it expands its sales in Canada.
This is just more business for companies like Solar Integrated Roofing Corporation (OTC PINK:SIRC) that has positioned themselves to potentially take over the California solar market, and expansion across the nation, with their extensive expertise, marketing ability and energy saving installations.
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