HENDERSON, NV / ACCESSWIRE / December 14, 2018 / The 2018 Farm Bill was passed by the Senate on Tuesday by a vote of 87-13 and awaiting for President Donald Trump's signature. If the Farm Bill becomes law, the USDA will approve federal standards during the next year.
The $867 billion Farm Bill explains that hemp will be treated as an agricultural product and will remove the plant from the Controlled Substances Act. The new Farm Bill would permit farmers nationwide to grow hemp. As one can imagine, the federal legalization would increase more hemp production and hemp-related products such as, but not limited to, hemp-based foods, dietary supplements, beer, lotion, and clothing. This projected growth in hemp agriculture would require more cultivation and production facilities and plants, which would require smart energy projects to keep up with the projected national expansion of supply and demand for cannabis. 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. Even prior to Farm Bill, the $3.5 billion 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. Indoor growers are looking to cut spiraling electricity consumption with custom-built microgrids in U.S. states where cannabis cultivation is legal.
An innovative company that comes at the right time during this golden opportunity is Cleanspark, Inc. (CLSK) (Market Cap: $100.479M, Share Price: $2.75). CleanSpark offers a unique microgrid solution to the growing cannabis industry. As many may be familiar with, a microgrid is a group of energy sources located in the same local area that is in turn connected into the national grid while also being able to disconnect from it and operate independently, for instance in the event of an electricity outage. Microgrids offer cleaner and more reliable energy. Cannabis growers and investors can see and predict why microgrids would play a significant and effective role in this increasingly competitive cannabis business, especially after the effects of the Farm Bill.
Cleanspark's Dynamic Network Analysis (DNA) PowerPlan shows owners, tenants and stakeholders how to utilize energy generation, storage and advanced automation to achieve 25, 50 or even 100% grid independence. As part of the company's Turnkey Microgrid Development Services, CLSK develops, constructs, installs and maintains income-producing nano and microgrids. Moreover, Cleanspark's enterprise mPulse software does the thinking for the clients; it will allow buildings and energy assets to begin speaking together and when assets can follow a plan and work in concert they can synergize and start making the clients money. Clients can simply watch how much power is being created and what income is being generated, all from their desktop, which means requiring no new hires, no operational overhauls, therefore saving unnecessary expenses as well. By virtually eliminating the demand charges that can account for almost 50% of the utility charges for such a facility, the mPulse software reduces the monthly electricity bill of indoor- grown houses by up to 82%! Simply speaking, Cleanspark turns expenses into income, through the power of clean, affordable energy. This would be a company to consider in investing as the nation waits for the President to sign the pro-hemp bill.
Tilray Inc. (TLRY) (Market Cap: $7.036B, Share Price: $75.52), a Canadian cannabis company focusing in the research, cultivation, production and distribution of medical cannabis and cannabinoids, is ready to move into the U.S. cannabis market if the Farm Bill is passed. Tilray CEO, Brendan Kennedy stated that Tilray's $500 million in cash, its Nasdaq-listing and its global reach ''gives us advantages to very quickly deploy capital in the U.S.'' if Congress passes the farm bill, which would legalize non-intoxicating cannabidiol derived from hemp.'' Tilray has been struggling to meet demand in the wake of Canadian pot legalization, which took effect Oct. 17. Kennedy said, ''the company has been meeting with cultivators to see if it can source additional marijuana, but has been surprised by the lack of quantity and quality.''
On December 7th, Cronos Group Inc. (CRON) (Market cap: $2.052B, Share Price: $11.38) entered into a subscription agreement with tobacco company Altria Group, Inc., Altria agreed to make an approximately C$2.4 billion equity investment in Cronos Group. CNN, reporting on the Cronos deal sees this partnership and others benefiting even more with the passing of the Farm Bill, ''Congress may finally pass the Farm Bill which would make it legal to produce hemp and potentially open the door for more products containing cannabidiol or CBD.''
Canopy Growth Corporation (CGC)(Market Cap: $10.564B, Share Price: $30.82) made big news earlier this year receiving investment capital from Constellation Brands and announced recently that it has entered into two agreements with 48North Cannabis Corp. 48North will supply Canopy Growth with dried cannabis produced from high-grade, unique genetics, grown at 48North's wholly-owned facility, DelShen Therapeutics Corp. The total volume of the Supply Agreement is estimated to be a minimum of 1,200 kilograms and deliverable over the course of 12 months.
New Age Beverages Corporation (NBEV)(Market Cap: $429.003M, Share Price: $5.89) is benefiting from the Farm Bill, which is being voted on today in the House. The company issued a formal response to the Farm Bill and calls itself a "leading authority in the CBD-infused beverage space." That may be hyperbole but the company is starting production this month for some CBD products.
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.
Microspeculators.com Full Legal Disclaimer Click Here.
Company Name: Microcap Speculators
Contact Person: Media Manager
Country: United States
SOURCE: ACR Communication, LLC