Cannabis Growers Look To Microgrids to Cut Costs
HENDERSON, NV / ACCESSWIRE / December 10, 2018 / Legal cannabis cultivation in the U.S. consumes an estimated 1.1 terawatt-hours of electricity a year, according to the 2018 Cannabis Energy Report, published by Scale Microgrid Solutions along with New Frontier Data and the Resource Innovation Institute. Companies managing these solutions are great ways to diversify your cannabis industry risk.
Today we are highlighting: CleanSpark, Inc. (CLSK), Innovative Industrial Properties, Inc. (IIPR), Aphria, Inc. (APHA), New Age Beverages Corporation (NBEV), and American Electric Power Company, Inc. (AEP).
Indoor growers are looking to cut spiraling electricity consumption with custom-built microgrids in U.S. states where cannabis cultivation is legal.
A company that seems to be in the right place at the right time to capitalize on this huge market inefficiency is CleanSpark, Inc. (CLSK) (Market Cap: $69.42M Share Price: $1.90).
CLSK has a unique microgrid solution for the cannabis industry. Their mPulse software reduces the monthly electricity bill of indoor grow-houses by up to 82%! They do this by virtually eliminating the demand charges that can account for almost 50% of the utility charges for such a facility.
Pressure is mounting on the cannabis industry to improve its margins after a lackluster 3rd quarter, companies like CLSK can help do just that.
CLSK also just released an impressive letter to shareholders highlighting: an agreement for an $18.3 million 'Zero Net Energy' Microgrid with an S&P 500 Member Real Estate Investment Trust (REIT), near completion on a $900,000 contract to install a 'turn-key advanced microgrid system' at the U.S. Marine Corps Base Camp Pendleton, they have been awarded 2 patents, and they updated an acquisition that could be a huge boost to the company's year end revenues.
CLSK's acquisition, Pioneer Custom Electrical Products, has delivered $32 million in products since 2016 and has $5 million in backlog. They have also received a $2.4 million equipment order as part of a contract for the new U.S. Embassy in Beirut, Lebanon which should end up on CLSK's balance sheet.
Innovative Industrial Properties, Inc. (IIPR) (Market Cap: $488.20M Share Price: $49.94) a real estate investment trust that buys medical cannabis growing and/or processing facilities, then leases these facilities back to growers for an extended period of time. Recently released their financials, showing that it had generated total revenues of approximately $3.9 million in the quarter, representing an increase of more than 150% from the prior year.
Aphria, Inc. (APHA) (Market Cap: $5.25B Share Price: $5.54) defended their acquisition of LATAM Holdings Inc. after a slew of questions arose following a report from Quintessential Capital Management saying its research suggests Aphria's Latin America acquisitions were largely worthless. APHA's acquisition consists of licenses and other assets related to businesses in Colombia, Argentina and Jamaica.
New Age Beverages Corporation (NBEV) (Market Cap: $341.6M Share Price: $4.69) signed an agreement to acquire Morinda Holdings, Inc., a Utah-based healthy lifestyles and beverage company with operations in more than 60 countries around the world. The merger creates the 40th largest non-alcoholic beverage company in the world with $300 million in net revenue, $20 million in adjusted EBITDA, $200 million in assets, no debt, and $40 million in cash and working capital.
American Electric Power Company, Inc. (AEP) (Market Cap: $39.11B Share Price: $79.32) recently announced several leadership changes to expand the experiences of key operational executives. The changes are effective Jan. 1, 2019. Lisa M. Barton, currently executive vice president - AEP Transmission, has been named executive vice president - Utilities. Paul Chodak III, currently executive vice president - Utilities, has been named executive vice president - Generation. Mark C. McCullough, currently executive vice president - Generation, has been named executive vice president - AEP Transmission.
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. 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 microcapspecultors.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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