Electricity Usage By Cannabis Growers Ballooning
HENDERSON NV / ACCESSWIRE / December 12, 2018 / Cannabis indoor grow operations accounts for 1% of electricity consumption in the US. Here are a few companies you should look at to capitalize on this fact.
Today we are highlighting: CleanSpark, Inc. (CLSK), Emerald Health Therapeutics, Inc. (EMHTF), GW Pharmaceuticals, Inc. (GWPH), Cronos Group, Inc. (CRON), and Consolidated Edison (ED).
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: $88.787M Share Price: $2.43).
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.
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Cannabis company, Emerald Health Therapeutics, Inc. (EMHTF) (Market Cap: $295.61M Share Price: $2.08) announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, received from Health Canada the fifth amendment to its cultivation license for its 1.1 million square foot greenhouse in Delta, BC. With an added approximately 137,000 square feet (half of Quadrant 3), the total licensed cannabis production area is approximately 687,000 square feet. The newly licensed area is expected to be fully planted by the end of this week.
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GW Pharmaceuticals, Inc. (GWPH) (Market Cap: $3.978B Share Price: $122.99) saw Bank of America Merrill Lynch double down on its bullish thesis the company and its flagship Epidiolex drug after attending the American Epilepsy Society's annual meeting.
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Shares of Cronos Group, Inc. (CRON)(Market Cap: $2.311B Share Price: $12.82) have soared after the company announced that leading tobacco company, Altria Group, Inc. MO, will make an approximately C$2.4-billion equity investment in the former.
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Consolidated Edison (ED) (Market Cap: $25.93B Share Price: $83.25) reported 2018 third quarter net income of $435 million or $1.40 a share compared with $457 million or $1.48 a share in 2017.
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 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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