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HENDERSON, NV / ACCESSWIRE / April 16, 2019 / Investor interest in the cannabis industry continues to rise as the green wave rolls across the country with nine states and Washington, D.C. having legalized recreational marijuana while 29 states having legalized medical weed.
One area that will be key to the green revolution are microgrids, due to their ability to solve the industry's energy problem. States like Massachusetts are setting regulations on the amount of energy growers can use to raise their plants. CleanSpark, Inc. (CLSK) is a microgrid cleantech on the rise. Microgrid power solution for the cannabis industry can reduce energy costs by up to 82%. This represents a huge potential revenue stream for the company. Due to this fact, the company has stated that marketing to cannabis companies is one of their top initiatives for 2019. Recently, the company closed on $5 million round of funding, engaged a firm to navigate their up listing and as far as currently operation go, announced the near completion of a $900k contract to install a CLSK microgrid at a U.S. Marine Corps Base and have been progressing on a $18.3 million deal with NYSE company, MAC. Continue reading to learn why now is the time to start your research on CLSK.
Today we are highlighting: CleanSpark, Inc. (CLSK), Aurora Cannabis (ACB), Fuel Tech, Inc. (FTEK), Ballard Power Systems (BLDP), Terra Tech Corp. (TRTC), and Lifestyle Delivery Systems Inc. (LDSYF).
In recent news, CleanSpark, Inc. (CLSK) (Market Cap: $142.956M; Share Price: $3.32) announced that it has delivered approximately $357,000 in custom electrical equipment to customers and received new orders of approximately $438,000 since the closing of the definitive agreement on January 22, 2019 to acquire the intellectual property of Pioneer Critical Power Inc. The custom equipment backlog has increased to approximately $3.9 million, an increase of approximately 8.3% from the backlog levels on the date of acquisition. Their acquisition of intellectual property of Pioneer Critical Power Inc. has already been a boon for their bottom line.
Aurora Cannabis (ACB) (Market Cap: $8.62B; Share Price: $8.51)
announced that the company is one of the three winners of the public tender for the cultivation and distribution of medical cannabis in Germany. The tender was awarded by the German Federal Institute of Drugs and Medical Devices.
Headquartered in Edmonton, Alberta, Canada with funded capacity in excess of 500,000 kg per annum and sales and operations in 24 countries across five continents, Aurora is one of the world's largest and leading cannabis companies. Aurora is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, high value-add product development, home cultivation, wholesale and retail distribution.
Fuel Tech, Inc. (FTEK) (Market Cap: $61.433M; Share Price: $2.54), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, announced last month the receipt of multiple air pollution control (APC) contracts from customers in the US and China. These awards have an aggregate value of approximately $2.7 million.
Fuel Tech, Inc. provides boiler optimization, efficiency improvement, air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through Air Pollution Control Technology and FUEL CHEM Technology segments. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; advanced selective catalytic reduction (SCR) systems; NOxOUT CASCADE and NOxOUT-SCR processes; ULTRA technology; ammonia injection grid and graduated straightening grid systems; and flue gas conditioning systems.
Ballard Power Systems (BLDP) (Market Cap: $783.156M; Share Price: $3.38) announced this week that it will hold a conference call on Thursday, May 2, 2019 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review first quarter 2019 operating results. The live call can be accessed by dialing +1-604-638-5340. Alternatively, a live webcast can be accessed through a link on Ballard's homepage (www.ballard.com).
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products worldwide. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles, and material handling products. In addition, it provides technology solutions comprising engineering services and technology transfer services, as well as licenses and sells intellectual property portfolio for various fuel cell applications. It provides clean energy products that reduce customer costs and risks, and helps customers solve difficult technical challenges or address new business opportunities.
A couple other cannabis stocks in the news include:
Terra Tech Corp. (TRTC) (Market Cap: $82.267M; Share Price: $0.8013), a vertically integrated cannabis-focused agriculture company, announced on April 8 that it has secured a permit to manufacture cannabis for the adult use market at its 15,000 square foot extraction facility in Reno, which is 50% owned by NuLeaf, from the State of Nevada.
Terra Tech Corp. operates as a vertically integrated cannabis-focused agriculture company. The company operates in three segments: Herbs and Produce Products; Cannabis Dispensary, Cultivation and Production; and Real Estate and Construction. Terra Tech Corp. was founded in 2010 and is headquartered in Irvine, California. It operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Blüm's retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada and California. Blüm offers a broad selection of cannabis products including flowers, concentrates and edibles through its multiple California and Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated medical cannabis dispensaries throughout California. The company's wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Ahold, Aldi, Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech's MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.
Lifestyle Delivery Systems Inc. (LDSYF) (Market Cap: $47.177M; Share Price: $0.394) announces its wholly-owned subsidiaries, CSPA Group, Inc. and Core Isogenetics, Inc., will hold a shareholder facility tour for the company's shareholders on April 25, 2019. LDS announces that this year's annual general meeting of Lifestyle Delivery Systems Inc.'s shareholders ("AGM") will be held on April 25, 2019. It announced last week that its wholly-owned subsidiary, CSPA Group, Inc. ("CSPA"), entered into a Memorandum of Understanding (the "MOU") with MBioTeQ, LLC ("MBioTeQ") to supply a minimum of 120 liters of raw distillate per month.
Lifestyle Delivery Systems Inc. manufactures and sells cannabis-infused strips. It offers CannaStrips, which are designed to provide patients with non-intrusive and non-smoking alternatives. The company also offers consulting services for its clients, including facility identification, nursery preparation, design and layout, equipment acquisition, and implementation, as well as permitting and licensing. In addition, it cultivates and extracts biomass. It is primarily a technology company that licenses its technology to a state-of-the-art production and packaging facility located in Southern California.
Priyanka Goel, CFA
This article was written by Regal Consulting, LLC ("Regal Consulting"). Regal Consulting has agreed to a three-month term consulting agreement with CLSK dated 9/12/18. The agreement calls for $10,000 in cash, and 30,000 restricted 144 shares of CLSK per month. Regal and CLSK have signed an amendment to extend the contract for twelve months starting 10/10/18, and increased the cash component to $20,000 per month. CLSK has paid an additional $12,000 for services provided in November. CLSK has paid an additional $88,000 for services provided in December. CLSK has paid an additional $100,000 for services for January. CLSK has paid an additional $100,000 for services for February. Regal was paid an additional $100,000 for March services. CLSK has paid an additional $100,000 for services for March. CLSK has paid an additional $30,000 for services for April. CLSK has paid All payments were made directly by Clean Spark, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. CLSK was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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