HENDERSON, NV / ACCESSWIRE / January 2, 2019 / While there are a lot of questions surrounding the legality of CBD products etc., one thing is for sure, cannabis production will continue to grow. While, many direct cannabis investments have faltered from the news, the following companies aren't direct cannabis plays, but will make loads of money off of the industry.Today we are highlighting: CleanSpark, Inc. (CLSK), Innovative Industrial Properties, Inc. (NYSE: IIPR), The Scotts Miracle-Gro Company (NYSE: SMG), Eaton Corporation plc (NYSE: ETN), and SunPower Corporation (SPWR).
The $3.5bn 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. 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. Companies managing these solutions are great ways to diversify your cannabis industry risk.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: $74.92M, Share Price: $2.05).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.
A company standing to benefit from Cannabis growth while not directly involved in its production like CLSK is Innovative Industrial Properties, Inc. (IIPR) (Market Cap: $443.72M, Share Price: $45.39) a real estate investment trust that specializes in the medical marijuana industry. A REIT allows investors to pool their money to own real estate properties and it has a unique distinction that provides some safety for investors: REITs are required to distribute at least 90% of taxable income to shareholders as dividends. The Scotts Miracle-Gro Company (SMG) (Market Cap: $3.4B, Share Price: $61.46) another company set to make big money off of marijuana growers, has quickly become the top supplier to the U.S. cannabis industry. Thanks to a string of acquisitions, Scotts Miracle-Gro's Hawthorne Gardening subsidiary now offers a wide range of products to marijuana growers including fertilizers, hydroponics, irrigation systems, lighting systems, and ventilation systems used in cultivating cannabis.
Another microgrid play like CLSK, Eaton Corporation plc (ETN) (Market Cap: $29.75B, Share Price: $68.66) was engaged by PwrCor, Inc. to design and manufacture a key component of PwrCor's proprietary engine technology. The roll-out of the component is in pace with PwrCor's Q1 2019 commercialization program. SunPower Corporation (SPWR) (Market Cap: $701.19M, Share Price: $4.97) a solar microgrid play, saw a third quarter showing installations of new solar power capacity in the United States had slowed down to its weakest rate since the year 2015 as Trump administration has put tariffs on imported panels.
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. CLSK has made an additional $12,000 for services provided in November. Regal is expecting to be compensated an additional $66,000 for services in December. 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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