Solar Power Generates Major Revenues: Solar Integrated Roofing breaks $25M in Revenues as Acquisition Spree Continues
(OTC PINK:SIRC)(NASDAQ:TSLA)(NASDAQ:AAPL)(TSX: ACB)(NYSE:HEXO)(NYSE:ACB)(OTCQB:SGMD)(NYSE:SMG)(NASDAQ:HEXO)(TSX:HEXO)
New York, NY Aug 8, 2019 – Stock Market Press is a leading financial news company that delivers up to date stock news. In today’s article we discuss Solar Integrated Roofing Corp’s (OTC PINK:SIRC) revenue growth to over $25M as they continue their acquisition strategy along with Green Organic Dutchman Holdings (OTC PINK:TGODF), American Diversified Holdings (OTC PINK:ADHC), Mass Megawatts Wind Power (OTC PINK:MMMW), SolarEdge Technologies (NASDAQ:SEDG), First Solar (NASDAQ: FSLR) and Aurora Cannabis (NYSE:ACB) (TSX:ACB).
Revenue generation from solar projects continues to increase. California’s recent solar regulations further that increase as all new construction beginning in 2020 is required to have rooftop solar. Two of the fastest growing sectors, solar and cannabis, have seen some great synergy as solar brings cheaper energy and cannabis growers require significant electricity to run the green houses and processing plants, thereby reducing their reliance on the grid and their cost of production, leading to increasing revenues for companies in both markets.
Solar Integrated Roofing Corporation CEO Invited to New York for Exclusive Interview at NASDAQ Headquarters
Solar Integrated Roofing Corporation (OTC PINK:SIRC) CEO David Massey announced he has been invited to New York to be interviewed on-camera at the NASDAQ Stock Exchange headquarters on August 7th.
“I am looking forward to discussing the companys bright future and rapid growth,” said Massey. “Our team has been working very diligently in 2019. We have made a lot of progress, outlined and targeted several acquisitions and have positioned the company well, both now and for the future. We never stop seeking out and acting upon opportunities to create more value for our shareholders. This is truly an unprecedented time at SIRC!”
SolarEdge Announces Second Quarter 2019 Financial Results
SolarEdge Technologies (NASDAQ:SEDG), a global leader in smart energy, today announced its financial results for the second quarter ended June 30, 2019.
Second Quarter 2019 Highlights:
-Record revenues of $325.0 million
-Record revenues from solar products of $306.7 million
-GAAP gross margin of 34.1%
-GAAP gross margin from sale of solar products of 36.4%
-Non-GAAP gross margin from sale of solar products of 36.9%
-GAAP net income of $33.1 million
-Record Non-GAAP net income of $49.3 million
-GAAP net diluted earnings per share (“EPS”) of $0.66
-Record Non-GAAP net diluted EPS of $0.94
-1.3 Gigawatts (AC) of inverters shipped
The second quarter financial filings of SolarEdge Technologies (NASDAQ:SEDG) confirm that solar is entering a new era of growth. First Solar (NASDAQ: FSLR) is another company seeing excellent growth as they raise guidance after a disappointing second quarter. This solar sector growth will be furthered by the cannabis industries continued search for more energy efficient grower and processing options.
Worldwide cultivation of cannabis, both hemp and marijuana, continues at a breakneck pace as regulations shift in favor of both. Companies like The Green Organic Dutchman Holdings (TSX:TGOD) (OTCQB:TGODF) expand their medical research and production along with recreational use. Expanded facilities with more rooftops offer solar systems excellent real estate.
TGOD files application for NASDAQ listing
The listing of (OTCQB:TGODF)’s shares on the NASDAQ will be subject to a number of regulatory requirements, including registration of the common shares under the U.S. Securities Exchange Act of 1934 (the “U.S. Exchange Act”) (on Form 40-F or another available form under the U.S. Exchange Act) and a determination by the NASDAQ that (OTCQB:TGODF) has satisfied all applicable listing requirements. Subject to approval for listing, the common shares will continue to trade on the TSX Exchange (TSX) under ‘TGOD’, which is also the reserved symbol for the NASDAQ application.
Aurora Cannabis Provides Corporate Update for the Fourth Quarter of Fiscal 2019
Aurora Cannabis Inc. (“Aurora” or the “Company”) (NYSE:ACB) (TSX:ACB), the Canadian company defining the future of cannabis worldwide, today provided a corporate update on selected financial metrics for the fourth quarter of the Company’s Fiscal 2019 (“Q4 2019”) period ended June 30, 2019. This reiteration of guidance and clarification of operations is intended to update our investors as Aurora continues to demonstrate leadership in transparency and disclosure as the industry navigates throughs periods of volatility. Full results will be published prior to September 15, 2019, details for which will be provided in advance.
Based on a preliminary (unaudited) review, the Company anticipates net revenues for the quarter ended June 30, 2019 of between $100 million and $107 million (net of excise taxes), compared to $19.1 million in the period ended June 30, 2018, and compared to $65.1 million for the previous quarter ended March 31, 2019. Fiscal Q4 2019 net cannabis revenue is expected to be between $90 million and $95 million, with growth anticipated across all key business segments including medical, both Canadian and international, and consumer markets. The Company anticipates total net revenues for the fiscal year ended June 30, 2019 to be between $249 million – $256 million. The Company expects to report that production available for sale for Q4 2019 will be at the upper end of the range between 25,000 kg and 30,000 kg, ahead of previous guidance of 25,000 kgs.
An almost 5 fold increase in Aurora Cannabis’ (NYSE:ACB) (TSX:ACB) Q4 2019 vs Q4 2018 shows just how fast the cannabis sector is growing, while demand still outpaces supply, and over 50% increase vs Q3 2019.
American Diversified Holdings Corporation’s Cannabis Division Chosen To Be The Presenting Sponsor of the Seattle Hempfest, The World’s Largest Hemp Festival
American Diversified Holdings Corporation’s (OTC PINK:ADHC) COO, Liam Riley announced today that the company has been chosen to become the 2019 presenting sponsor of the world’s largest cannabis festival; The 2019 Hempfest, Seattle. The event will take place August 16-18, 2019 in Seattle Wa.
We are just over a week away from the 2019 Hempfest and all the excitement can be felt in the air as thousands will gather in Seattle, Wa. A large portion of the cannabis crowd are also green energy enthusiasts, something that Solar Integrated Roofing Corporation (OTC PINK:SIRC) provides with their rooftop solar systems. Solar continues to see efficiency improvements both in the PV technology as well as in the actual rooftop layout. Once such system, offered by Mass Megawatts Wind Power (OTC PINK:MMMW), is a low energy solar tracking system that maintains optimum solar exposure to panels by moving/rotating them to follow the sun.
Mass Megawatts (OTC PINK:MMMW) Describes 20kW Solar Tracker Project Example
Mass Megawatts Wind Power (OTC PINK:MMMW) released an updated presentation today that can be viewed on some news and disclosure sites. The PowerPoint presentation describes a small commercial 20kW application including its methods of using incentives and other benefits utilizing an attractive rate of return and/or electric cost savings for a typical small business in New York. In the example, Mass Megawatts is using a new Solar Tracking technology with more electric cost savings for its customers in comparison to stationary solar units without trackers. The patented pending, Mass Megawatts ‘Solar Tracking System’ (STS) is designed to improve solar-energy production while and at the same time reduce material and installation costs. The solar trackers units would cost less than 10 percent more on a given solar project while producing more than 25 percent electricity.
By taking the benefits of solar energy generation and pairing them with cannabis cultivation and processing, companies can make the most efficient use of their space. Solar Integrated Roofing Corporation (OTC PINK:SIRC) provides the rooftop solar systems that cannabis greenhouses can use, leading to 1 building being a producer of cannabis as well as energy while taking up the same ‘footprint’ on the ground. With the continued acquisitions Solar Integrated Roofing Corporation (OTC PINK:SIRC) is doing, they are situating themselves for a massive 2020 growth phase. There are still almost 5 months, for more acquisitions and growth, till 2020 and Solar Integrated Roofing Corporation (OTC PINK:SIRC) is already projecting over $25M in yearly revenue.
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