New Regulations Set Stage for Solar and Cannabis Markets ‘Gold Rush’: 4th Acquisition and $3M Additional Revenues Set Solar Integrated Roofing for a Bull Run (OTC PINK:SIRC)(NASDAQ:AAPL)(NASDAQ: VFF)(NYSE:APHA)(NASDAQ:TLRY)(OTCQB:SGMD)(OTCQB:RGSE)(OTC PINK:SRMX)
New York, NY Aug 5, 2019 – Stock Market Press is a leading financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network reviews latest developments in the surveillance world.
Solar is showing the market place that you can teach an old dog new tricks. The solar of old is no longer. Companies like Solar Integrated Roofing (OTC PINK:SIRC) and Real Goods Solar (OTCQB:RGSE) are putting the solar industry front and center in investors minds.
Solar Integrated Roofing (OTC PINK:SIRC) acquires a 4th company as management continues to strengthen the company, increase revenues (now projected at $25M+ per year), forge ahead with revenue generating acquisitions and expand its client base. 18,000 roofing installations and counting!
Solar Integrated Roofing Corporation Signs Definitive Agreement to Acquire 4th Generation Roofing Contractor
Solar Integrated Roofing Corporation (OTC PINK:SIRC) CEO David Massey announced the company has signed a definitive agreement to acquire Montross Roofing of Rancho Santa Margarita, California.
“Montross is very highly regarded, with more than 20 years in the roofing business”, said Massey. “They specialize in commercial, industrial and apartment building roofing projects. They have a database of over 20,000 current and past clients that SIRC’s (OTC PINK:SIRC) sales team can reach out to and market solar projects to. We will also add a residential division to the operation.”
The acquisition further extends the SIRC (OTC PINK:SIRC) footprint into Orange County as the company continues executing its game plan to become a dominant industry player in Southern California.
“Montross is extremely profitable, has an excellent reputation and is on track to achieve about $3 million in revenue this year”, added Massey. “This deal fits perfectly with our overall growth strategy and we are looking forward to a mutually beneficial alliance.”
Southern California’s apartments increased by over 20,000 last year and over 65,000 new homes were built since 2012. With 2020 right around the corner, the solar market is about to take off due to the new construction solar rooftop requirements in California. This is a huge boon for Solar Integrated Roofing (OTC PINK:SIRC), who’s management continues to expand the company via acquisitions in preparation.
Another sector experiencing significant expansion is the Cannabis Industry with the passage of the 2018 Farm Bill (Jan 1, 2019 effective). California was already ahead of the game having legalized the growing of hemp and marijuana before the federal government (hemp is now legal, marijuana is still Schedule 1 listed). Not only is this growth happening across the USA, but Canada has legalized recreational marijuana and hemp growing along with a number of other countries.
Companies in the cannabis sector, having seen a rocky start to 2019 as demand has outstripped supply due to growers still ‘learning the ropes’, are starting to see a general shift towards increasing revenues. Tilray (NASDAQ:TLRY), Aphria (NYSE:APHA) and Village Farms International (NASDAQ:VFF) are 3 companies that are looking at a stronger rest of 2019. Here’s the latest release from Village Farms International (NASDAQ:VFF):
NewsVillage Farms International Announces that Pure Sunfarms Achieves Full Run-Rate Annual Production at Delta 3 Operation – Performance of Delta 3 Greenhouse Continues to Meet or Exceed Expectations
– U.S. Outdoor Hemp Production Program Progressing on Plan and Remains on Track to Realize First Sales in 2019 –
– Company to Transition to Domestic Issuer Status in the U.S. –
Village Farms International, Inc. (“Village Farms” or the “Company”) (TSX:VFF)(NASDAQ:VFF) today announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has, on schedule, achieved full run-rate production of 75,000 kilograms of dried cannabis annually at its 1.1 million square foot Delta 3 greenhouse in Delta, B.C.
“With the benefit of Village Farms’ 30-plus year track record of successfully developing and operating large-scale greenhouse facilities, Pure Sunfarms’ ramp up to full production of premium, B.C.-grown cannabis has proceeded exceedingly well, and at a remarkable pace,” said Michael DeGiglio, CEO Village Farms. “Quality, yield and cost of production at Pure Sunfarms’ Delta 3 operation continue to meet or exceed our expectations, as they have since commercial production began last year. Importantly, with the advantage of the most experienced growing team in the industry and Village Farms’ continued support, Pure Sunfarms’ production output has not been impacted by crop issues as has been reported to be the case with other Canadian Licensed Producers. Pure Sunfarms is a best-in-class growing operation that is setting the standard for large-scale, high-quality cannabis production in Canada.”
For the latest news on Tilray (NASDAQ:TLRY) and Aphria (NYSE:APHA) click on their stock ticker. Another company in the cannabis space that is set to see a turnaround in the 2nd half of 2019 is Sugarmade, Inc. (OTCQB:SGMD).
Sugarmade and Hempistry Commence Hemp Cultivation in Kentucky
Sugarmade, Inc. (OTCQB:SGMD), a major supplier to the growing hydroponic cultivation and hemp sectors, today announces commencement of hemp cultivation in conjunction with Hempistry, Inc., of Madisonville, Kentucky. Sugarmade recently announced is had begun to exercise its investment option in the Kentucky hemp cultivator. The hemp being cultivated this year by Hempistry is a fast growing strain that is especially rich in cannabidiol (CBD). The farm is located in Madison County, Kentucky.
Sugarmade is not only directly investing in the Hempistry operation, but it is also increasing its commitment to become a leading supplier to hemp cultivators across the country. Nowhere is this commitment stronger than within the state of Kentucky, which now leads the nation in the number of acres under cultivation. A major component of this expanding commitment is the pending acquisition of leading cultivation supplier BZRTH. Sugarmade announced earlier this week that BZRTH had completed its audits for previous financial periods, which was a major requirement for acquisition closure.
While Real Goods Solar (OTCQB:RGSE) is focused on a specific market segment, the asphalt integrated solar panel shingles market, Solar Integrated Roofing (OTC PINK:SIRC) is targeting the solar industry needs in a broader scope which opens the doors to capturing a larger segment of the Cannabis industry energy needs.
Image source: Canndescent
Growing cannabis (marijuana or hemp) at peak efficiency to maximize profits requires a controlled environment and a stable energy supply. Adding solar to the system will only further enhance the energy supply along with increasing revenues and profits due to the energy expense reduction. Companies like Saddle Ranch Media (OTC PINK:SRMX) are working to provide IoT (Internet of Things) devices to further enhance growing efficiency.
SRMX to Develop NB IoT Driven Monitoring Systems for the Booming Hemp and Cannabis Sectors
Saddle Ranch Media, Inc. (OTC PINK:SRMX) today announces the signing of a strategic relationship agreement to develop Artificial Intelligence (AI) driven NB IoT cultivation monitoring systems for the cannabis and hemp cultivation market sectors, which have been designed and produced by SRMX’s IoT technology subsidiary, Tri Cascade, Inc. These state of the art systems will allow cultivators to accurately monitor and control, on a real time basis, the irrigation, cultivation and health status of their crops.
These NB IoT systems require minimal power, perfectly suited for solar energy supply, another match for Solar Integrated Roofing’s (OTC PINK:SIRC) business model. The solar industry is at the cusp of major expansion and Solar Integrated Roofing’s (OTC PINK:SIRC) is the company that could bring serious returns for investors due to their wide ranging solar installation abilities.
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Stock Market Press
110 Wall St.
New York, NY 10005
Safe Harbor Statement:
Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: http://www.stockmarketpress.com/disclaimer/
SOURCE: Stock Market Press