Generation Alpha, Inc. (GNAL)
Generation Alpha, Inc. (GNAL) was established in 2010 as a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to both commercial and individual growers in the United States. Originally named Solis Tek Inc., the company changed its name to Generation Alpha in September 2018 and announced an increased focus on providing innovative and must-have cannabis products and services to a growing industry.
"Generation Alpha for us means 'new beginning'" said Generation Alpha CEO Alan Lien, when the name change was announced. "It is the new wave of how people and brands connect. We are excited with the transformation of our business strategy, our progress at our Arizona facility and the additional growth opportunities our team has identified elsewhere in the cannabis industry. While we are pleased with our innovation and progress in our Solis Tek lighting and Zelda Horticulture divisions, we believe Generation Alpha represents our philosophy of bringing the best cannabis products and services to the market. We are confident that this shift in our business strategy will create long-term shareholder value through diversified segments in the legalized cannabis industry."
The name change reflects the company's strategy to leverage business opportunities in different legalized cannabis spaces, including cultivation, processing and retail facilities. As part of that focus, Generation Alpha acts as the holding entity for a collection of companies that bring products and solutions to legal retail and commercial cannabis growers while utilizing its expertise to offer safe, quality and consistent products through its cultivation, processing, and retail facilities as well as branded products in both the medical and recreational markets. Along with its strong focus on the burgeoning cannabis market, Generational Alpha remains committed to developing and providing innovative products and services in both Solis Tek Digital Lighting, its lighting division, and Zelda Horticulture, its agricultural products division.
As part of a key piece of its cannabis focus, Generation Alpha acquired a cannabis cultivation and processing facility in Phoenix, Arizona, which is scheduled to begin operation in 2019. Currently in the design and development stage, the 70,000-square-foot facility will be one of the most technologically advanced cultivation and processing facilities in Arizona, which is a hot bed of cannabis cultivation in North America. Generation Alpha management is confident about the growth and profitability this facility provides as an essential component of its forward-thinking cannabis strategy.
Additional components of this strategy include the company's GrowPro Solutions, Inc., a nationwide cannabis cultivator and processor and a variety of Generation Alpha brands, which include the innovation, design and selling of cannabis products such as flower, oils and accessories in the legal medical and recreational markets.
The company's Zelda Horticulture division offers commercial-grade rolling tables, greenhouses, PH stabilizer and nutrient products, and other agricultural products for cultivators around the world. Zelda's custom-design cultivation options means its clients can count on increased agricultural productivity and efficiency.
Generation Alpha's Solis Tek Digital Lighting division offers an extensive line of lighting equipment and accessories, including digital ballasts, reflectors, complete lighting systems, single- and double-ended digital lamps, controllers and other accessories. Each product is designed to help retail and commercial growers maximize quality and achieve higher yields and maximize quality.
- Creating products and solutions for legal retail and commercial cannabis growers
- Customers include retail stores, distributors, ecommerce and commercial growers
- U.S. legal cannabis market projected to reach $11 billion in consumer spending in 2018 and more than $23 billion by 2022, with potential to generate more than 467,000 full-time equivalent jobs in 2022.
- Focused approach on bringing innovative and must-have cannabis products and services to the market.