Solis Tek and Medicine Man Technologies Announce Cooperative Agreement to Provide Cannabis Grower Network with Leading Lighting Solutions
CARSON, Calif. and DENVER, Feb. 27, 2018 /PRNewswire/ -- Solis Tek Inc. and Medicine Man Technologies, Inc. (OTCQB: MDCL) today announced a cooperative agreement under which Solis Tek will become Medicine Man Technologies' recommended supplier of High Intensity Discharge (HID) lighting technologies for its current and prospective consulting and sales relationships. The recommended status includes Solis Tek Lighting as its specified cultivation lamp fixture in both its equipment lists as well as facility designs.
"We are excited to work with Medicine Man Technologies to provide their robust and growing client base with Solis Tek's industry-leading lighting products," stated Alan Lien, Solis Tek's Chief Executive Officer. "Medicine Man's cannabis grower network represents an ideal target market for Solis Tek's products, given the commitment among its clients to establish best practices in cannabis cultivation and facility design. We look forward to continuing to provide these growers with industry-leading products that help them to increase yield, lower costs and grow better to maximize their return on investment."
Brett Roper, co-founder and Chief Executive Officer of Medicine Man Technologies, added, "Solis Tek's lighting products align perfectly with Medicine Man's mission to provide our cultivator network with best-in-class products that support Medicine Man's leading licensing, facility design and cultivation methodologies. We expect that this relationship will represent a 'win-win' for both companies, our investors, and cannabis industry cultivators alike."
Under the terms of the agreement, Solis Tek will provide Medicine Man with an exclusive pricing list for its lighting products. To support the collaboration, Solis Tek will offer training and appropriate sales materials to Medicine Man sales representatives so that Medicine Man can most effectively communicate the product benefits and competitive advantages to its customers.
To be added to the Solis Tek email distribution list, please email [email protected] with 'SLTK' in the subject line.
To be added to the Medicine Man email distribution list, please email [email protected] with 'MDCL' in the subject line.
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.
About Medicine Man Technologies, Inc.
Established in March 2014, the Company secured its first client/licensee in April 2014. To date, the Company has provided guidance for several clients that have successfully secured licenses to operate cannabis businesses within their state. The Company currently has active clients in California, Oregon, Colorado, Nevada, Illinois, Michigan, Arkansas, Pennsylvania, Florida, Ohio, Maryland, Massachusetts, Puerto Rico, Canada, Germany, and South Africa. We continue to focus on working with clients to 1) utilize its experience, technology, and training to help secure a license in states with newly emerging regulations, 2) deploy the Company's highly effective variable capacity constant harvest cultivation practices through its deployment of Cultivation MAX, and eliminate the liability of single grower dependence, 3) avoid the costly mistakes generally made in start-up, 4) stay engaged with an ever expanding team of licensees and partners, all focused on quality and safety that will "share" the ever-improving experience and knowledge of the network, and 5) continuing the expansion of our Brands Warehouse concept through entry into industry based cooperative agreements and pursuing other acquisitions as they prove suitable to our overall business development strategy.
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.
SOURCE Medicine Man Technologies, Inc.; Solis Tek Inc.
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