Company set to promote its solar + energy storage solutions to over 1000 California based cannabis
operations
ALISO VIEJO, CA, Jan. 17, 2018 (GLOBE NEWSWIRE) -- XsunX, Inc.
( OTC: XSNX ), a leading commercial solar and energy storage technologies
provider, announced today that with the passage of California’s Prop. 64 legalizing recreational use of cannabis this January, the
Company has already begun work preparing a whole facility energy management proposal for one grow operation preparing for its
buildout, and is finalizing the launch of its direct marketing campaign to over 1,000 additional cannabis operations in the
state.
The legalization of cannabis has spurred an increase in grow operations in California, and the Company is looking forward to
working with those operations interested in reducing their long-term energy costs. Creating even more reason for cannabis growers
to reduce operating costs is the fact that with the legalization of cannabis, wholesale cannabis rates have begun to dip.
“Cannabis operations, due to their inherent high-power use, offer significant operating cost reduction opportunities for the use
of solar + energy storage,” stated Tom Djokovich, CEO of XsunX, Inc. “We service all types of businesses, but the needs of
the cannabis industry really excite us because our solar + energy storage managed solutions are so perfectly suited to help
growers,” concluded Mr. Djokovich.
The Company is responding to the passage of California’s Prop. 64 which legalizes recreational use of cannabis, and the
anticipation that new cannabis operations will start plugging into the power grid. This anticipation is not without merit, as the
California Public Utilities Commissions (CPUC) policy and planning division has engaged in research for the development of recommendations for its investor-owned utilities to prepare for
a surge in energy-use they anticipate may be attributable to new cannabis cultivation.
About XsunX:
XsunX specializes in the sale, design, and installation of solar photovoltaic power generation (PV), and energy storage
technologies to provide our clients long term savings, predictability, and control of their energy costs. Making solar energy a
sound investment for our clients is our mission.
For more information, please visit the Company's website at www.xsunx.com, or to learn more about the benefits of solar energy for your business or home
schedule a free PV project assessment.
Safe Harbor Statement: Matters discussed in this release contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included
in this press release are forward-looking statements. When used in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. These statements relate to
future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other
factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any
future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors
should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other
factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results,
levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to
future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations,
growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking
statements contained herein, are included in the Company's filings with the Securities and Exchange Commission. The Company assumes
no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results
could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in
the future.
Contact: Tom Djokovich, President and CEO - 888-797-4527 or email: info@xsunx.com
