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Cannabis Has an Energy Problem, CLSK Has the Solution

HENDERSON, NV / ACCESSWIRE / March 26, 2019 / The electricity consumption of cannabis grow houses is staggering when compared to business and residential use. In 2015, the average electricity consumption of a 5,000-square-foot indoor facility in Boulder County was 41,808 kilowatt-hours per month, while an average household in the county used about 630 kilowatt hours. A 2012 report on the carbon footprint of indoor production found that cannabis production makes up 1 percent of national electricity use and in California, the top-producing state, that number rises to 3 percent.

An indoor facility can have lighting intensities similar to hospital operating rooms, which are 500 times greater than recommended reading light levels. These facilities can also have 30 hourly temperature or fan speed air changes, which is 60 times the rate in a normal home. Put another way, a four-plant lighting module uses as much electricity as 29 refrigerators.

Microgrids and microgrid software solutions can manage this kind of electricity usage and ultimately improve efficiency in consumption.

In a recent press release, microgrid company CleanSpark, Inc. (CLSK) CEO, S. Matthew Schultz, stated, "(The company) is currently focusing our marketing efforts on the largest users in the cannabis market, the agricultural (grow) facilities." He continued to say, "opportunity in the cannabis market is unprecedented due to the high energy usage of these facilities in both the US and Canada. In many cases our solution is capable of virtually eliminating the demand charges that can account for almost 50% of the utility charges for such a facility." CLSK should have no problem landing cannabis clients - the company's custom power solution and mPulse software for cannabis producers cuts the monthly electricity bill of indoor grow-houses by up to 82%.

Today we are highlighting: CleanSpark, Inc. (CLSK), CV Sciences, Inc. (CVSI), MedMen Enterprises, Inc. (MMNFF), TransAlta Corporation (TAC), and TPI Composites, Inc. (TPIC).

CleanSpark, Inc. (CLSK) (Market Cap: $150.610M; Share Price: $3.63) recently updated its shareholders on several major initiatives.

Highlights from CLSK's recent update include:

  • Closing a $5 million round of funding
  • Engaging a firm to navigate the company's up listing
  • Announced the near completion of a $900k contract to install a CLSK microgrid at a U.S. Marine Corps Base
  • Continued progress on their $18.3 million deal with NYSE company MAC
  • Closing of an acquisition adding $3.6 million in gross sales to CLSK's bottom line during early 2019 alone

In its latest update, Cleanspark announced increases in new orders and backlog driven by recent IP acquisition of Pioneer Critical Power Inc.

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CV Sciences, Inc. (CVSI) (Market Cap: $590.281M; Share Price: $6.17), a supplier and manufacturer of hemp CBD products through its industry-leading brand, PlusCBD Oil™, last week announced the appointment of Joerg Grasser as Chief Financial Officer, effective March 21, 2019. Prior to his role at CV Sciences, Mr. Grasser served as Controller of Ballast Point Brewing, a subsidiary of Constellation Brands, Inc. He also held senior finance positions with Sequenom, Inc. and Peregrine Semiconductor Corporation.

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MedMen Enterprises, Inc. (MMNFF) (Market Cap: $307.445M; Share Price: $3.29) announced last week that the company has signed a binding term sheet for a senior secured convertible credit facility of up to $250 million from funds managed by Gotham Green Partners, an investor in the global cannabis industry. Management believes this is the largest investment to date by a single investor in a publicly traded cannabis company with U.S. operations. The Notes will be issuable in three tranches, with each of the second and third tranches being issuable at the option of the company, subject to certain conditions and share price thresholds being achieved by MedMen. The initial tranche will be in the amount of US$100,000,000 ("Tranche I"). The additional US$150,000,000 would be funded in two US$75,000,000 tranches.

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TransAlta Corporation (TAC) (Market Cap: $2.041B; Share Price: $7.11) recently reported their Q4 and end of year 2018 financials. Key highlights were Funds from Operations of $927 million or $3.23 per share in 2018, which represented an increase of 15% when compared with 2017 and Free Cash Flow at $524 million, or $1.83 per share for 2018, which was the highest free cash flow in recent years. During the year, the company successfully executed on its strategy to advance the coal-to-gas conversions, further strengthened its balance sheet, and grew TransAlta Renewables. The company also announced strategic investment by Brookfield Renewable Partners as per which Brookfield will make $750 million investment to advance TransAlta's transition to clean energy.

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TPI Composites, Inc. (TPIC) (Market Cap: $1.003B; Share Price: $28.72) is the only independent manufacturer of composite wind blades for the wind energy market with a global manufacturing footprint. TPI delivers high-quality, cost-effective composite solutions through long term relationships with leading OEMs in the wind and transportation markets. TPI is headquartered in Scottsdale, Arizona and operates factories throughout the U.S., China, Mexico, Turkey and India. It released its year-end and fourth quarter 2018 financials recently. CEO, Steven Lockard, commented, "During 2018, with the new agreements and amendments, we increased our lines under long-term supply agreements to 54 and increased our potential revenue under contract by a net of $2.4 billion. We are now at a record $6.8 billion in potential contract value." Net sales for the quarter increased by $36.6 million or 14.4% to $290.1 million compared to $253.5 million in the same period in 2017.

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Signed by

Priyanka Goel, CFA

Legal Disclaimer:

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 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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