HENDERSON, NV / ACCESSWIRE / April 1, 2019 / According to the Cannabis Energy Report released by New Frontier Data last October, the production of legal cannabis is projected to consume 162 % more energy by 2022.
"Based on the 16.4 million pounds of cannabis cultivated in 2017, the resulting electricity-based carbon emissions associated with that level of production was 1.8 million tons," the report continued.
By this same time next year, the cannabis industry will be producing 2.6 million tons of CO2 emissions. But with a market worth almost $10 billion last year, the increased demand for cannabis is not going anywhere. Rather, it will be met with a demand for cleaner, more efficient energy resources. Especially in North America where indoor and outdoor cannabis cultivation could contribute upwards of 1.2 million pounds of carbon emissions.
Microgrids and microgrid software solutions are up to the task of managing the type of electricity usage by enormous and expanding cannabis grow operations, ultimately improving their efficiency in consumption. These energy technologies provide better way to manage this increasingly complex energy issue the cannabis Industry has presented.
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. Start your research today.
CleanSpark, Inc. (CLSK) (Market Cap: $144.387M; Share Price: $3.48) 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
Curaleaf Holdings, Inc. (CURLF) (Market Cap: $3.064B; Share Price: $9.1355) and the Veterans Cannabis Project (VCP) announced on Thursday an initiative that seeks to raise awareness and marks an important milestone to make legal cannabis more accessible for veterans. Curaleaf Holdings, Inc. is a leading vertically integrated cannabis operator in the U.S. and the Veterans Cannabis Project is an organization that advocates for unrestricted and supported access of medical cannabis for veterans. A custom designed "Veterans Cannabis Project" pre-roll product will be available for purchase at dispensaries in the 33 states where medical cannabis is legal. A portion of all proceeds will be donated to the Veterans Cannabis Project.
Curaleaf Holdings, Inc. operates as an integrated medical and wellness cannabis operator in the United States. It cultivates, processes, markets, and/or dispenses a range of cannabis products.
GW Pharmaceuticals plc (GWPH) (Market Cap: 5.154B) (Share Price: $168.57) stock continues to surge, up almost 70% this quarter. This biopharmaceutical company is focused on discovering, developing and commercializing therapeutics from its proprietary cannabinoid product platform in a broad range of disease areas. Zack currently ranks it a #2 buy and it has a VGM Score of F.
GW Pharmaceuticals plc, a biopharmaceutical company, focuses on discovering, developing, and commercializing cannabinoid prescription medicines using botanical extracts derived from the cannabis plant. Its lead product is Epidiolex, an oral medicine for the treatment of refractory childhood epilepsies, as well as for the treatment of Dravet syndrome, Lennox-Gastaut syndrome, tuberous sclerosis complex, and infantile spasms.
Ocean Power Technologies, Inc. (OPTT) (Market Cap: $4.997M; Share Price: $4.40), a leader in innovative and cost-effective ocean energy solutions, signed a Master Service Contract with a leading offshore oil and gas operator. The Contract will govern all work with this customer within the U.S. and the U.S. outer continental shelf, including the provision of goods and services.
Renewable Energy Group Inc. (REGI) (Market Cap: $820.32M; Share Price: $21.96) is a leading provider of cleaner, lower carbon intensity transportation fuels. It recently announced that its President and Chief Executive Officer, Cynthia (CJ) Warner, participated in a fireside conversation at the 31st Annual ROTH Conference on March 18, 2019 at the Ritz-Carlton in Dana Point, California.
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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