#Cleantech #Stocks in the News - Solar Integrated Roofing (OTC: $SIRC) Reports 2021 Revenues Increase 187% to Record $17.1 Million; @SIRCStock

#Cleantech #Stocks in the News - Solar Integrated Roofing (OTC: $SIRC) Reports 2021 Revenues Increase 187% to Record $17.1 Million; @SIRCStock  

 

EL CAJON, CA - June 17, 2021 - Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power and roofing systems installation company, has reported its financial results for the fourth quarter and fiscal year ended February 28, 2021.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/News/2021/renewable-energy/06171SIRC-Revenues-Increase.asp

 

Key Fourth Quarter 2020 and Subsequent Operational Highlights

• Announced that revenues for the 12 months ended May 31, 2022 are preliminarily expected to grow to at least $100 million due to the accelerated pace of acquisitions in 2021.
• Announced and closed multiple accretive acquisitions in the solar, roofing and battery space:

-       Closed acquisition of Future Home Power, a solar, roofing and battery storage sales company, expecting the acquisition to be immediately accretive and to rapidly grow to $1 million per week in incremental sales at a robust 45% gross margin profile, capturing value across the full customer lifecycle.

-       Closed acquisition of Balance, LLC, a Business Process Outsourcing (BPO) firm - finalizing the buildout of the Company's unified back-office capabilities to support all recent and future acquisitions.

-       Closed acquisition of Pacific Lighting Management, a diversified energy services and electric vehicle (EV) charging solutions provider to large commercial and government customers, to help grow its dedicated EV charging solutions division.

-       Closed acquisition of Cornerstone Construction, a leading provider of roofing and solar solutions in South Carolina and adjacent markets, completing the Company’s transition to a national brand.

-       Closed acquisition of Enerev, a southern California residential solar installer, after successful joint venture pilot which is expected to add up to $2 million per month revenue run rate.

• Appointed respected technology expert Muthla AlSayer, and accomplished executive and management consultant Donald Pierce to the Board of Directors.
• Selected Coinbase Commerce as a cryptocurrency partner and has completed the technical and financial integrations to begin testing the acceptance of cryptocurrency payments from customers at its subsidiary Cornerstone Construction.
• Engaged investor relations specialists MZ Group to lead a comprehensive strategic investor relations and financial communications program.

 

Management Commentary

"The start of fiscal 2022 was highly focused on executing upon our significant acquisition pipeline of complementary solar, roofing and battery companies,” said David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation. “Our success has transformed our company into a national brand with services now spanning solar, battery backup, EV charging, roofing installation, HVAC work, electrical contracting and back-office technology support.

 

“The acquisitions drove annual revenues to a record $17.1 million and set us on a course to achieve at least $100 million in the twelve months ended May 31, 2022. Our focus on rapidly growing, high margin acquisitions has significantly grown sales, allowed us to now capture the full lifecycle of our customers, and brought new synergies and efficiencies across the SIRC family of companies. Due to this, we expect to reach profitability in FY2022.

“During the quarter we also focused efforts on our audit and transition to a fully reporting company in anticipation of an uplist to the OTCQB Venture Market. We added several highly respected directors to round out our Board and engaged MZ Group, a leading investor relations firm, to lead our communications program. Due to our rapid pace of acquisition, and the need to audit each of the newly acquired entities, we now plan to refile our Form 10 as soon as possible.

 

“Fiscal 2021 was a record year for Solar Integrated Roofing and we believe we have positioned the Company for an even more exciting fiscal 2022. Over the course of the year our team has worked tirelessly to integrate our acquisitions and continues to seek new opportunities for growth. The solar, roofing and battery market continues to grow, and our brands are capturing additional market share. With our exceptional portfolio of companies and ongoing organic growth, we look forward to sharing our future achievements with our shareholders," concluded Massey.

 

Full Year 2021 Financial Results       

Revenue for fiscal year 2021 increased 187% to a record $17.1 million, as compared to $9.1 million in fiscal year 2020. 

 

Gross profit increased 144% to $3.5 million, or 20% of total revenues, in fiscal year 2021, compared to $2.4 million, or 26% of total revenues, in fiscal year 2020.

 

Operating expenses totaled $7.8 million in fiscal year 2021, as compared to $5.9 million in fiscal year 2020. As a percentage of sales, operating expenses decreased in fiscal 2021 from 65% to 46%.

 

Net loss for fiscal year 2021 totaled $5.9 million, or $(0.03) per share, as compared to $4.6 million, or $(0.04) per share, in fiscal year 2020.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power and roofing systems installation platform company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:

Lucas A. Zimmerman
Senior Vice President
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

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Investor Ideas #Potcasts 576, #Cannabis News and #Stocks on the Move; Interview with Co-CEO of Planet 13 Holdings Inc. (CSE: $PLTH.C) (OTC: $PLNHF)

 

 

Investor Ideas #Potcasts 576, #Cannabis News and #Stocks on the Move; Interview with Co-CEO of Planet 13 Holdings Inc. (CSE: $PLTH.C) (OTC: $PLNHF)

 

Delta, Kelowna, BC, June 16, 2021 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca  release today’s podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/061621-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/News/2021/cannabis-potcasts/06161PLTH-PLNHF.asp

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

 

Today’s podcast overview/transcript:

 

Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.

 

In today’s podcast Investorideas interviews Bob Groesbeck, Co-CEO of Planet 13 Holdings Inc. (CSE: PLTH) (OTC: PLNHF), where we discussed the challenges placed on the Nevada cannabis retail market during COVID, expectations for Las Vegas later this year, how cannabis retail has evolved as well as the opening of their new “SuperStore” in Santa Ana, California which is expected to open in July 2021 and will be among the largest dispensaries in California, and it is designed to deliver an immersive cannabis entertainment experience for visitors, in addition to offering an extensive lineup of leading cannabis brands.

 

When asked about the last year and some of the challenges Planet 13 faced, Groesbeck commented, “2020 was, to put it mildly, a challenging year, and hopefully we will never see anything like that again. It forced us as a company to make some drastic moves as we went from a store that was seeing 85% of our customers be non Nevadans, to literally having the doors shut on us within 24 hours, and then pivoting to 100% local customers through a delivery platform. That all sounds good, but the reality was at the time we were used to doing maybe 20 deliveries a day. As an example, we made a decision to ramp up to meet the anticipated demand on the delivery side, and we had to go out and secure 30 vehicles. We went from 30 deliveries within 60 days to close to 1000 a day. It was challenging just to find car dealerships that were open. It was logistically just a nightmare, but we have a fantastic management team here and they rose to the challenge.”

 

Discussing how things might change as tourism opens up again Groesbeck commented, “I think the delivery platform is going to continue to be robust. From a tourist perspective we are going to see those numbers gravitate back towards where they were pre-COVID, so getting back up into that 85% tourist customers here at Planet 13. For the delivery side, customers have become accustomed to that service, and we think that's going to continue and that is basically equal to another retail store. We think we’re going to have a very robust delivery market in Southern California as we roll out that store, again it’s about convenience.”

 

Groesbeck went on to discuss some of the expansion plans for Planet 13 in Vegas in anticipation of this Fall and Winter’s demand as well as the the recently passed bill 341 allowing existing licensed dispensaries to operate a consumption lounge co-located with the dispensary and how Planet 13 has reserved an expansive dedicated space within the Las Vegas SuperStore for a consumption lounge which it will look to get built as soon as possible.

 

"We are thrilled that after the long wait, Nevada will finally be home to consumption lounges. We've long believed that tourists needed a safe, legal, and enjoyable place to consume cannabis and have been planning for a consumption lounge at the SuperStore since the bill was originally proposed two years ago," said Bob Groesbeck Co-CEO of Planet 13. "Our SuperStore is one of the only dispensaries with the space on site and the proximity to the Las Vegas Strip to create a truly Vegas style club. As with the rest of our dispensary we look forward to setting the bar and showing the industry what is possible when your goal is to Out Vegas, Vegas."

 

Groesbeck went on to dicuss not only expansion and expectations surrounding their Vegas Superstore, but also plans and expectations surrounding their new Superstore in Southern California which is expected to open in July of this year.

 

The Tinley Beverage Company Inc. (CSE:TNY) (OTC:TNYBF)just recently announced that its cannabis infused beverages will be one of the inaugural brands to launch at Planet 13’s Orange County SuperStore “P13 OC” at its expected grand opening in July 2021.

 

Planet 13’s SuperStore OC, located at 3400 West Warner Ave Santa Ana, California, is planned as a 55,000 square-foot consumer experience, with 16,500 square-feet devoted to the dispensary retail area. The remaining areas in the complex, to be built as phases 2 and 3, are expected to include memorabilia sales, a restaurant and a cannabis consumption lounge, all enhanced by additional immersive experiences. With all 3 phases operating, P13 OC is expected to be California’s largest dispensary complex. The Santa Ana store will be Planet 13’s second-largest cannabis dispensary after its 112,000 square foot location in Las Vegas, Nevada. The Orange County location is ten minutes south of Disneyland, four miles from South Coast Plaza, the largest mall in Southern California, and only 1.5 stoplights from the 405 freeway. Planet 13 anticipates hiring 250 people with an anticipated 80 budtenders serving consumers at the store at any given time.

 

The store’s immersive cannabis educational and entertainment experiences incorporate extensive visual special effects, including “smoke”, large screen video displays and waterfalls. Planned features include a Tinley’s branded midcentury-inspired mixology experience involving beverage recipe demonstrations and, where permissible, tastings of comparably concocted non-infused products.

Later this week, Tinley’s is hosting approximately 80 of Planet 13’s budtenders and other key personnel at the Company’s cannabis beverage manufacturing facility in Long Beach, California, in order to provide the P13 OC dispensary team the in-depth product knowledge that Planet 13 is committed to deliver to customers. Tinley’s believes its facility is the largest and most versatile licensed cannabis beverage manufacturing operation in California. Tinley’s own award-winning products as well as those belonging to third-party brands are produced on the facility’s bottling, canning and mini lines.

 

Expectations are high for their Southern California store as their Vegas store continues to return to strong sales numbers having just recently announced record sales in the month of May of $11.2 million with gross margins above 50%. May represents the third consecutive month of record sales as Las Vegas and America return to normal. Hotels across the Las Vegas strip have reported having hotel rooms sold out for the foreseeable future and Planet 13 expects continued strong sales on the back of increased tourist traffic.

 

As Groesbeck put it, “As my Co-CEO Larry Scheffler and I are fond of telling everyone, Vegas is back!”

To find out more information about Planet 13 Holdings Inc. click here.

Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment.

 

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

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About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news,  third party stock research , guest posts and original  articles and podcasts in leading stock sectors.  Learn about investing in stocks and get  investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.     

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#AIEye #Podcast 569: #Stocks discussed: (OTCPINK: $GTCH) (OTC: $GTXO) (NYSE: $LU)

 

#AIEye #Podcast 569: #Stocks discussed: (OTCPINK: $GTCH) (OTC: $GTXO) (NYSE: $LU)

 

GBT Enters LOI with GTX Corp, and Lufax Subsidiary Ping An Puhui Launches AI-Powered Smart Loan Solution

 

Global #Aerospace #AI Market to Reach $5.8B in 2028

 

Point Roberts WA, Vancouver BC – June 16, 2021  – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-  watching stock news, deal tracker and advancements in artificial intelligence  –  featuring technology company GBT Technologies Inc. (OTCPINK:GTCH).

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2021/061621-AI-Eye.mp3

 

Read this in full at https://www.investorideas.com/News/2021/artificial-intelligence/06161GTCH-GTXO-LU.asp

 

Hear the Ai Eye on Spotify  

 

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

 

Stocks discussed: (OTCPINK:GTCH) (OTC:GTXO) (NYSE:LU)

 

GBT Technologies Inc. (OTC PINK:GTCH) announced that on June 10, 2021 it entered into a Letter of Intent (LOI) with GTX Corp (OTC:GTXO) to “develop a framework of cooperation between the companies to evaluate the viability and market size of the Company's Intellectual Property and product line for worldwide exclusive licensing rights to manufacture, sell and distribute their products.” GTX is described as “a pioneer in smart, mobile and wearable GPS tracking and recovery location-based solutions.” GBT’s CTO Danny Rittman said:

 

"We believe this proposed relationship with GTX can improve our go to market efforts for our IP and products. GTX's proven extensive Global reach, experience in getting innovative products to market and understanding of our technology were critical factors in our decision to enter into this agreement.”

 

Patrick Bertagna, GTX CEO commented:

 

“My team and I are excited to have the opportunity to expand our product line and capabilities with GBT's existing portfolio of products. I believe their products have the ability to enhance our existing offerings to our worldwide customers and distribution partners."

 

Lufax Holding Ltd. (NYSE:LU) has announced that its retail credit facilitation platform subsidiary, Ping An Puhui, has launched an AI-powered smart loan solution called Xingyun. The use of AI simplifies the loan application process, which according to the press release, reduces “the average time spent in a loan application process for small and micro customers by 44%, to improve their access to financing.” More specifically, this involves the utilization of AI imaging technology to “create a remote face-to-face experience throughout the lending application and service process.”

 

Global Aerospace AI Market to Reach $5.8B in 2028

 

A report published by Allied Market Research finds that the global Aerospace AI market will grow from $373.6 million in 2020 to $5.8 billion in 2028 with a compound annual growth rate (CAGR) of 43.4 percent in the forecast period. An excerpt from the report overview reads:

 

Implementation of AI in the aerospace sector can allow aircraft manufacturers to reorganize production of various components and lessen various safety issues at airports. AI technologies such as machine learning, computer vision, and natural language processing are capable of bringing dramatic changes across different areas such as customer service, smart maintenance, product design, pilot training, and threat identification.

 

Sam Mowers, Investorideas.com

 

Read and hear other editions of the AI  Eye

 

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About GBT Technologies Inc.

GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT’s mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT’s goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Play Music and most audio platforms available.

 

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com  Global investors must adhere to regulations of each country. Disclosure: GTCH is a paid featured monthly Ai stock on investorideas Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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#CryptoCorner #Podcast 612: #Stocks discussed: (NasdaqGS: $CAN) (NasdaqGS: $EQOS) (TSXV: $BNXA.V)

 

 

 

#CryptoCorner #Podcast 612: #Stocks discussed: (NasdaqGS: $CAN) (NasdaqGS: $EQOS) (TSXV: $BNXA.V)

 

Canaan Secures Order from Genesis Digital Assets, Diginex Unifies Businesses and Rebrands as EQONEX, and Banxa Partners with BOTS

 

Point Roberts, WA, Delta BC June 16, 2021 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2021/061621-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/News/2021/crypto-corner/06161CAN-EQOS-BNXA.asp

 

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Stocks discussed: (NasdaqGS:CAN) (NasdaqGS:EQOS) (TSXV:BNXA)

 

Canaan Inc. (NasdaqGS:CAN) has secured a purchase order from crypto mining firm Genesis Digital Assets Limited for 10,000 of its A1246 and A1166Pro Bitcoin (BTC) mining machines. The delivery of the machines is expected by the end of this month. Canaan’s CEO, Nangeng Zhang, commented:

 

"We are excited to announce this additional purchase order from Genesis Digital Assets. This is a concrete advancement of both parties' long-term strategic partnership, following an initial order from Genesis Digital Assets valued at up to US$93.63 million that we secured in April this year. We aim to replicate this successful partnership formula with more overseas customers to further solidify our foothold in international markets. Meanwhile, we will continue to prioritize working with long-term and large-scale customers to reduce the impact of short-term fluctuations in cryptocurrency prices on our operations."

 

Diginex Limited (NasdaqGS:EQOS) is rebranding as EQONEX as it unifies its cryptocurrency exchange, custody platform, multi-venue trading business, over-the-counter (OTC) offering, asset management solution, securitization business and the upcoming investment products and borrowing and lending businesses. The company’s CEO Richard Byworth explained:

 

"As we progress in our focus of delivering digital assets to a broad cross section of clients, it is important for us to unify the key pieces under a single brand. The new brand EQONEX signifies all the strongest elements of our existing brands. We provide a regulated, compliant and secure ecosystem with equality for all clients, both institutional and retail.”

 

Banxa Holdings Inc. (TSXV:BNXA) has announced a partnership with trading platform BOTS. BOTS employs robotic algorithms and AI (ro-bots) to execute trades with greater speed and efficiency. The latter’s founder and CEO, Michiel Stokman, explained:

 

"BOTS enables investing in the broadest sense of the word. At BOTS we provide access to proprietary trading robots in crypto, stocks, durables, real estate, futures, options, ETFs, art, loans, start-ups and scale-ups. We focus on creating customer value with a broader perspective on investing, lending and value storage. BOTS provides access to prosperity for all and that will not change. Banxa is a partner who shares our mission of making trading accessible to people around the world."

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

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About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

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