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Cannabis Turns to Microgrids to Increase Profits

HENDERSON, NV / ACCESSWIRE / March 15, 2019 / With legal cannabis cultivation in the U.S. consuming 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, indoor growers are looking to cut spiraling electricity consumption with custom-built microgrids in U.S. states where cannabis cultivation is legal.

While several microgrid companies are working towards a solution, there is one company that already has it. CleanSpark, Inc. (CLSK) has developed a custom power solution and mPulse software for cannabis producers that cuts the monthly electricity bill of indoor grow-houses by up to 82%. 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." 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 focus on these companies and how they scale, CLSK could be a major beneficiary of the rush to produce cannabis efficiently.

Today we are highlighting: CleanSpark, Inc. (CLSK), TransAlta Corporation (TAC), TPI Composites, Inc. (TPIC), HEXO Corp. (HEXO), and Newstrike Brands Ltd (NWKRF).

CleanSpark, Inc. (CLSK) (Market Cap: $170.111M; Share Price: $4.10) 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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TransAlta Corporation (TAC) (Market Cap: $1.794B; Share Price: $6.30) recently reported their Q4 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.

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TPI Composites, Inc. (TPIC) (Market Cap: $1.081B; Share Price: $30.97) is the largest U.S.-headquartered (Arizona) composite wind blade maker, serving all the large global wind turbine makers outside of the China-based ones. mIt released its year-end 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."

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HEXO Corp. (HEXO) (Market Cap: $1.267B; Share Price: $6.10) and Newstrike Brands Ltd (NWKRF) (Market Cap: $147.757M; Share Price: $0.38) reached an agreement under the terms of which HEXO will buy Newstrike for $263 million in stock. HEXO shareholders will own 86 % of the new company, while Newstrike's shareholders will hold the remaining 14 percent.

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 $80,000 for services for February. Regal was paid an additional $55,000 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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