Cannabis Harvest 2019 is Upon Us, Ahead of 2020 California Solar Industry Boost; Spotlight on Solar Integrated Roofing Canceling 20M shares
Tickers: Solar Integrated Roofing Corp (OTC PINK:SIRC), Aurora Cannabis Inc. (NYSE:ACB), Apple Inc. (NASDAQ:AAPL), Tesla, Inc. (NASDAQ:TSLA), First Solar, Inc. (NASDAQ:FSLR), Cannabis Strategic Ventures (OTCQB:NUGS), Canadian Solar Inc. (NASDAQ:CSIQ)
New York, NY Sep 10, 2019 – Stock Market Press is a leading financial news company that delivers up to date stock news. News on the wires today includes Solar Integrated Roofing Corp’s (OTC PINK: SIRC) 20 million share reduction ahead of acquisition closing, in addition we talk about Aurora Cannabis Inc. (NYSE: ACB), Apple Inc. (NASDAQ: AAPL), Tesla, Inc. (NASDAQ: TSLA), First Solar, Inc. (NASDAQ: FSLR), Cannabis Strategic Ventures (OTCQB: NUGS), Canadian Solar Inc. (NASDAQ: CSIQ).
The Solar Integrated Roofing Corp (OTC PINK: SIRC) train is about to leave the station. September just got better with the news of a 20M share reduction to the OS ahead of 3 major acquisitions that are likely to net the company over $40M in revenues.
Solar Integrated Roofing Corporation Retires 20 Million Shares of its Common Stock
Solar Integrated Roofing Corp (OTC PINK: SIRC) announced today that the Company is retiring 20 million of its common shares.
Dave Massey, CEO of SIRC, commented, “We are in a period of aggressive and unprecedented growth at SIRC and are committed to keeping the outstanding share count at a level to increase shareholder value.”
Massey continued, “our plan calls for the issuance of stock to complete certain acquisitions. In order to maintain shareholder value, I am directing the retirement of 20 million of my personal shares in the company.”
Finally, Massey commented, “I want to ensure current and future shareholders’ are not diluted by the issuance of shares to complete the growth by acquisition plan. I can think of no better way to demonstrate to our shareholders and to the market, the absolute faith and optimism I have in the company and our strategy.”
One of the exciting aspects of the solar industry has been the introduction of the cannabis market, opening up the doors to a huge increase in demand and green energy focus on solar. Green houses and processing facilities have a great deal of wasted space in their rooftop structures. California regulations are set to take center stage in 2020 and Solar Integrated Roofing Corp (OTC PINK: SIRC) is ready to take advantage of this new, long term, industry shift.
Aurora Cannabis Closes Expanded C$360 Million (US$280 Million) Credit Facility
Aurora Cannabis Inc. (“Aurora or the “Company”) (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabis worldwide, is pleased to announce that it has closed its previously announced amended and upsized credit facilities with a syndicate of lenders led by the Bank of Montreal (“BMO”). The facilities consist of an additional C$160 million in term loans, as well as an accordion feature that enables Aurora to upsize the facility by approximately C$40 million, in addition to the original C$200 million in credit facilities all of which mature in 2021. The credit facilities will have a first ranking general security interest in the assets of Aurora and can be repaid without penalty at Aurora’s discretion.
“We are very pleased to now have three of the five largest Schedule 1 Canadian banks in our syndicate, along with increased participation from other key syndicate partners,” said Terry Booth, CEO of Aurora. “Our continued operational execution, world-class facilities, and strong corporate governance gives our financing partners the confidence to step in as an important part of the Aurora story.”
Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) has set the stage for an exciting growth period ahead. Another cannabis company with current news, Cannabis Strategic Ventures (OTCQB:NUGS), is trading in a very oversold position and is on watch for a reversal.
The big boys, Apple Inc. (NASDAQ: AAPL) and Tesla, Inc. (NASDAQ: TSLA), both have serious solar components as part of their business, with Apple generating over 30MW of alternative energy and Tesla continuing to expand their solar energy storage systems. Additionally, First Solar, Inc. (NASDAQ: FSLR) and Canadian Solar Inc. (NASDAQ: CSIQ) are preparing for another growth period as stream lined installations, better efficiency, and lower costs combined with the increase in demand from cannabis are spurring the industry.
We see Solar Integrated Roofing Corp’s (OTC PINK: SIRC) continued growth-centric focus along with maintaining shareholder value. Recently announcing audits and up-list to OTCQB, it feels like the acquisitions are ‘old hat’, when in actuality they are going to make Solar Integrated Roofing Corp (OTC PINK: SIRC) a force to contend with in California as their acquisition strategy starts to pay off.
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