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Cannabis Industry and Energy Efficiency

HENDERSON, NV / ACCESSWIRE / March 13, 2019 / Cannabis cultivation is an energy-intensive sector: energy consumption per square foot for indoor grow operations is about ten times that of a typical office building. For indoor grow operations, LED lighting fixtures are being successfully applied to vegetative rooms, saving up to 50% of the lighting energy compared to the standard practice. For flower rooms, double- ended, high-pressure sodium (HPS) fixtures save 20-25% compared to the standard HPS fixtures. While less common, some growers are successfully applying LED fixtures or LED/HPS hybrid designs for up to 30-40% energy savings in flower rooms.

For example, Colorado has more than 1,300 registered cannabis cultivators, and 75% of the grow operations are indoors (the rest are greenhouses and outdoor cannabis farms). These cannabis grow operations consume a total of about 300 gigawatt-hours (GWh) of electricity per year, which is about 0.6% of Colorado's total electricity consumption. In addition, marijuana production in Colorado continues to expand. For example, from May 2016 to April 2017, production increased by an average of 3% per month. (all above statistics according Southwest Energy Efficiency Project)

That's why it's time to research CleanSpark, Inc. (CLSK). CLSK is a microgrid company, with a custom power solution developed for cannabis producers is in the right place at the right time. They have been ranked in the top 10 microgrids by Navigant Research, and in their latest press release stated, "(The company) is currently focusing our marketing efforts on the largest users in the Cannabis market, the agricultural (grow) facilities." This marketing effort should be fruitful considering their microgrid power solution for the cannabis industry cuts the monthly electricity bill of indoor grow-houses by up to 82%. CEO S. Matthew Schultz also stated, "an extended outage can even cause a full loss (of the farmer's yield), especially when the facility is growing a medically-certified crop. Energy resiliency is critical for these operations." With the microscope on these companies and how they scale, CLSK could be a major beneficiary of the rush to cannabis production efficiency.

Today we are highlighting: CleanSpark, Inc. (CLSK), Sunpower Corporation (SPWR), Pattern Energy Group (PEGI), MedMen Enterprises (MMNFF), and iAnthus Capital Holdings (ITHUF).

CleanSpark, Inc. (CLSK) (Market Cap: $164.302M; Share Price: $3.96) just dropped a major update, giving shareholders guidance on several initiatives.

Highlights from CLSK's latest 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

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Sunpower Corporation (SPWR) (Market Cap: $903.440M; Share Price: $6.39) announced a deal with Grassroots environmental organization Sierra Club, providing an opportunity for its more than 3.5 million members and supporters to go solar with SunPower. As part of the new program, participating Sierra Club members or supporters who purchase or lease a SunPower® home solar system can receive a $1,000 mail-in rebate and SunPower will give Sierra Club $1,000 to support the organization's mission.

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Pattern Energy Group (PEGI) (Market Cap: $2.133B; Share Price: $21.75) recently announced its financial results for the 2018 fourth quarter and year. "We improved our net loss by 16% and successfully exceeded the midpoint of our CAFD guidance range reporting $167 million in CAFD in 2018, despite lower than anticipated wind resource in the fourth quarter. This result was due to effective capital management, cost improvements from our G&A and our self-perform O&M initiatives, as well as continued operational excellence as evidenced by our 97% turbine availability," said Mike Garland, CEO of Pattern Energy.

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MedMen Enterprises (MMNFF) (Market Cap: $252.310M; Share Price: $2.70) announced that Adam Bierman, CEO and Co-Founder, will participate in a featured session at South by Southwest® ("SXSW®"), the annual film, culture, music and technology event in Austin, Texas on Thursday, March 14 at 12:30 PM Central Time at the Hilton Austin.

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iAnthus Capital Holdings (ITHUF) (Market Cap: $772.103M; Share Price: $5.1451) announced the grand opening of its third Florida dispensary, located in the City of Lake Worth. The dispensary will operate as "GrowHealthy Lake Worth" under iAnthus' "GrowHealthy" Florida dispensary brand.

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 $80,000 for services for February. Regal was paid an additional $30,000 for March services and possibly compensated more for March services in the future, at which time Regal will update this disclaimer. 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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