HENDERSON, NV / ACCESSWIRE / April 4, 2019 / ''Up to 40 percent of cannabis grow operational costs come from energy-related expenditures,'' explains John Morris, who heads up the Portland-based Resource Innovation Institute, a trade group working to reduce the carbon footprint of the cannabis industry. This makes clean energy and energy efficiency efforts a no-brainer.
A company we found with an ideal solution is CleanSpark, Inc. (CLSK). CLSK has developed a microgrid power solution for the cannabis industry, which can reduce energy costs by up to 82%. This represents a huge potential revenue stream for the company. Due to this fact the company has stated that marketing to cannabis companies is one of their top initiatives for 2019. This could be big, so start your research today.
Today we are highlighting: CleanSpark, Inc. (CLSK), Trulieve Cannabis Corp. (OTC PINK: TCNNF), Helix TCS, Inc. (HLIX), Brookfield Renewable Partners (BEP), and SolarEdge Technologies, Inc. (NASDAQ: SEDG) .
CleanSpark, Inc. (CLSK) (Market Cap: $144.802M; Share Price: $3.49) announced that it has delivered approximately $357,000 in custom electrical equipment to customers and received new orders of approximately $438,000 since the closing of the definitive agreement on January 22, 2019 to acquire the intellectual property of Pioneer Critical Power Inc. The custom equipment backlog has increased to approximately $3.9 million, an increase of approximately 8.3% from the backlog levels on the date of acquisition. Their acquisition of intellectual property of Pioneer Critical Power Inc., has already been a boon for their bottom line. CLSK will add the revenue from its acquisition of Pioneer Critical Power' Intellectual property to an already impressive list of accomplishments:
- Closed a $5 million round of funding
- Engaged 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
Trulieve Cannabis Corp. (TCNNF) (Market Cap: $1.738B; Share Price: $15.50) - Florida's largest medical cannabis licensee, has settled their challenge with the Florida Department of Health. Following a ruling by Judge Karen Gievers claiming the statutory caps on dispensaries unconstitutional, Trulieve's 14 dispensaries that were established before the statewide cap was enacted are now excluded from the statutory cap.
Trulieve CEO, Kim Rivers, said, "This is not a victory for Trulieve - it's a victory for Florida's patients. Our suit was first and foremost about patient access; working around the caps meant we had to build up a distribution model based on the statutorily-mandated geographic distribution instead of where patients live, effectively driving up costs and restricting patient access to the relief they need."
Trulieve is a vertically integrated "seed to sale" company and is the first and largest fully licensed medical cannabis company in the State of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve branded stores (dispensaries) throughout the State of Florida, as well as directly to patients via home delivery.
Helix TCS, Inc. (HLIX) (Market Cap: $191.497M; Share Price: $2.58, a leading provider of critical infrastructure services to the global legal cannabis industry, filed its fourth quarter and fiscal year 2018 financial results Friday, March 29, 2019. The company will be hosting an ''earnings call'' this Thursday, April 4, 2019 at 8:00am Eastern time. Highlights of the fourth quarter compared to the same quarter a year ago include:
- Total revenues increased 189% to $3.45 million
- Gross profit for the quarter was $1.37 million, a 40% gross margin
- Expanded into Colombia, Australia, and New Zealand
- Highlighted as leading provider of point of sale software in the U.S. based on market share
For the full year 2018, the company generated revenues of $9.56 million and gross profit of $3.59 million for an annual gross margin of 38%.
Helix TCS, Inc. (HLIX) is a leading provider of critical infrastructure services, helping owners and operators of licensed cannabis businesses stay competitive and compliant while mitigating risk. Through its proprietary technology suite and security services, Helix TCS provides comprehensive supply chain management, compliance tools, and asset protection for any license type in any regulated cannabis market. Helix TCS' products reach over 2,000 customer locations in 34 states and 6 countries and has processed over $18 billion in cannabis sales.
Brookfield Renewable Partners L.P. (BEP) (Market Cap: $9.831B; Share Price: $31.63) recently announced its latest creative transaction by partnering with TransAlta to advance the Canadian power generator's transition to clean energy. The deal will allow Brookfield Renewable and its partners to put capital to work at attractive rates, which should power future growth.
Brookfield Renewable and its partners have agreed to invest 750 million Canadian dollars (approximately $560 million) into TransAlta in two phases. The first one should close this May and will be in the form of CA$350 million ($262 million) of exchangeable debentures. The second should close in October 2020 and will be CA$400 million ($299 million) of redeemable preferred shares. Both will pay a 7% annual interest rate and will be convertible into an interest in TransAlta's hydroelectric assets. In addition to the direct cash injection, Brookfield Renewable has agreed to increase its ownership interest in TransAlta from 4.9% to 9% by purchasing shares on the open market over the next two years.
Brookfield Renewable Partners has a history of making outside-the-box transactions to expand its renewable energy business so that it can grow cash flow and shareholder distributions at a faster pace. The hydropower-focused company, for example, invested several hundred million dollars into wind and solar power generator TerraForm Power over the past couple of years. Deals like those have leveraged Brookfield Renewable's financial strength to help others expand their clean energy operations, allowing Brookfield to earn strong investment returns.
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydro, wind, solar, cogeneration, and biomass sources.
SolarEdge Technologies, Inc. (SEDG) (Market Cap: $1.827B; Share Price: $38.66) has outperformed the broader solar industry, thanks largely to the fact that it doesn't manufacture solar panels. Instead, SolarEdge makes photovoltaic inverters and power optimizers. These are key components of solar systems that convert power from solar panels to usable AC electricity and help the panels run at peak capacity.
Although SolarEdge is one of the top producers in its niche, investors have reasons to be worried. Major panel manufacturer SunPower recently began including microinverters in its panels. If this becomes an industrywide trend, demand for SolarEdge's inverters could take a hit.
But SolarEdge has recently signaled it plans to expand into the broader energy storage space, through its recent purchase of Korean battery and energy storage company Kokam, and into the electric vehicle component space through its purchase of a controlling stake in S.M.R.E. SpA, a manufacturer of electric vehicle power trains.
If SolarEdge can successfully integrate all these businesses into a one-stop solution for a solar energy/battery storage/car charging system -- essentially an "everything but the panels" solar installation -- it could be a game-changer. But for now, that's just a possibility.
SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. Its SolarEdge system consists of power optimizers, inverters, communication and smart energy management solutions, and a cloud-based monitoring platform. The company's products are used in a range of solar market segments, such as residential, commercial, and small utility-scale solar installations.
Priyanka Goel, CFA
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 $100,000 for services for February. Regal was paid an additional $100,000 for March services. CLSK has paid 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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