HENDERSON, NV / ACCESSWIRE / December 31, 2018 / FDA regulation has some investors nervous about cannabis producer's ability to move their product; energy companies are benefiting from the increased cannabis production either way. Indoor grow operations accounted for 1% of all electricity consumption in the United States, and although cannabis seems like it will continue to break legal barriers, energy companies could be a great way to indirectly invest in cannabis and mitigate some of the risk.
A very interesting company that we have discovered is CLSK (CleanSpark, Inc.). CLSK has the best in class micro-grid solution for the cannabis industry. If this is your first time hearing about CLSK start doing your own due diligence immediately. Additionally CLSK is one of the top micro-grid companies in the entire world, currently working with NYSE company MAC on a possible $18 million project. When the street finds out about CLSK it could trend higher.
The $3.5bn cannabis industry is one of the nation's most energy intensive, often demanding 24-hour indoor lighting rigs, heating, ventilation and air-conditioning systems at multiplying grow sites. 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.
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: $80.04M Share Price: $2.19).
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.
Canopy Growth Corporation (CGC) (Market Cap: $9.54B Share Price: $27.37) announced earlier this month that it had entered into a multi-year extortion agreement with Valens GroWorks Corp, a licensed, vertically integrated provider of cannabis products and services focused on various proprietary extraction methodologies, distillation, cannabinoid isolation and purification.
Tilray, Inc. (TLRY) (Market Cap: $7.01B Share Price: $75.15) recently announced a partnership with beverage giant and the world's largest beer maker, AB InBev (BUD) to research cannabis infused drinks.
Aurora Cannabis, Inc. (ACB) (Market Cap: $4.92B Share Price: $4.95) entered into an agreement to invest $10 million by way of a brokered private placement in High Tide Inc., a privately held, Alberta-based, retaiol-focused cannabis and lifestyle accessories company.
Siemens (SIEGY) (Market Cap: $90.79B Share Price: $55.85) and Alstom have offered to sell either one of their high-speed train technology to address EU antitrust concerns about their plan to create a Franco-German rail champion, people familiar with the matter said on Monday.
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. CLSK has made an additional $12,000 for services provided in November. Regal has been compensated an additional $18,000 for the month of December and is expecting to be compensated an additional $70,000 for additional services in December. 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 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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