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CLEANTEK INDS INC - $GLKFF STOCK NEWS

Welcome to our dedicated page for CLEANTEK INDS news (Ticker: $GLKFF), a resource for investors and traders seeking the latest updates and insights on CLEANTEK INDS stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CLEANTEK INDS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CLEANTEK INDS's position in the market.

Rhea-AI Summary
Cleantek Industries Inc. announces its fourth quarter and annual 2023 financial results, highlighting revenue generation, gross profit, and Adjusted EBITDA. The company's strategic focus on sustainable lighting solutions and wastewater treatment assets, along with new growth initiatives like SecureTek and GZeroE, positions Cleantek well for future growth and expansion.
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Cleantek Industries Inc. (TSXV: CTEK) announces successful field trial in Saudi Arabia, product launch, and litigation settlement. The company progresses towards commercial discussions, expands HALO technology, and introduces GZeroE wastewater dehydrator powered by waste gas. Cleantek resolves litigation matters with former CEO, providing financial relief and focusing on core business objectives.
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Cleantek Industries Inc. (TSXV: CTEK) has entered into a new long-term debt financing facilities arrangement, replacing the Company's existing short-term credit facility. The new facilities include a $7,200,000 term loan with Business Development Bank of Canada and an operating line of up to $2,500,000 with HSBC Canada. The Term Loan has a fixed interest rate of 8.2% for 72 months, providing the Company with improved financial flexibility and reduced monthly principal and interest payments. Cleantek CEO, Matt Gowanlock, stated that this achievement will allow the Company to fund additional growth initiatives and improve its working capital position through 2024.
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Cleantek Industries Inc. (TSXV: CTEK) announces third quarter 2023 financial and operational results, showing a 6% revenue growth and positive net income. The company's strategy focuses on expanding market awareness and adoption of sustainable lighting solutions and wastewater treatment assets, with two new growth initiatives launched in 2023.
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Cleantek Industries Inc. extends credit facility with Canadian private debt lender, increasing revolving line of credit by $500,000 to $3,000,000.
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Cleantek Industries Inc. announces its second quarter 2023 financial and operational results. Revenue for Q2 2023 increased by 9% compared to Q2 2022. Gross profit was $2,084 or 61% of revenue, an improvement from Q2 2022. Net loss for Q2 2023 was $687, a $756 improvement from Q2 2022. Cleantek's strategy focuses on delivering innovative and cost-effective solutions to reduce carbon intensity and operating costs. The company launched two new growth initiatives: SecureTek, a line of remote security services, and GZeroE, a waste-gas powered wastewater treatment system. Cleantek expects increased demand for its ZeroE products in the wastewater and vaporization industries.
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CLEANTEK INDS INC

OTC:GLKFF

GLKFF Rankings

GLKFF Stock Data

4.51M
15.51M
15.49%
27.47%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Calgary