U.S. Markets close in 5 hrs

News Makes This Cannabis Stock a Must Know

HENDERSON, NV / ACCESSWIRE / February 1, 2019 / The stock market is largely event driven, so we are always looking for companies with events, news and/ or both that look poised to move based on that event. Below we've highlighted a few cannabis stocks that have had market moving events recently you should know about.

One you should research right away is a microgrid company with a best-in-class solution for the cannabis industry, Clean Spark, Inc. (CLSK). The company just released big acquisition news. CLSK announced completing the acquisition of Pioneer Power Solutions, Inc.; Pioneer has delivered $32 million in products since 2016 and has $5 million in backlog. This acquisition is huge for the CLSK's bottom line. It will add $3.6 million in gross sales during early 2019 alone. This news has not yet been factored into CLSK's share price so you still have time to start your research and beat the crowd.

Today we are highlighting: CleanSpark, Inc. (CLSK), Aphria, Inc. (APHA), Aurora Cannabis, Inc. (ACB), Energy provider, General Electric Company (GE), and Cannabics Pharmaceuticals, Inc. (CNBX).

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.

No matter what you think about cannabis, there is no doubt companies providing and managing their energy use are going to be big winners. That's why we think one of the best cannabis plays isn't even technically a cannabis company at all Clean Spark, Inc. (CLSK) (Market Cap: $88.224M, Share Price: $2.22). CLSK is one of the top microgrid companies in the entire world, currently working with NYSE company MAC on a potential $18 million project.

CLSK has received some attention for their unique cannabis industry microgrid solution. 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.

CLSK also announced several highlights in its most recent letter to shareholders 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.

Now's a good time to start your research on the CLSK.


Aphria, Inc. (APHA) (Market Cap: $2.179B, Share Price: $8.74) ex-CEO, Vic Neufeld, announced he was stepping down after short sellers alleged that he and other Aphria founders engaged in self-dealing transactions with the big cannabis firm by allegedly selling Latin American entities to the company at steep markups.


Aurora Cannabis, Inc. (ACB) (Market Cap: $7.075B, Share Price: $7.09) provided an expected revenue range for the second quarter of the Company's Fiscal 2019, the period ended December 31, 2018. They are anticipating net revenues of $50M to $55M. Full results will be published on Monday, February 11, 2019 pre-market.


Energy provider, General Electric Company (GE) (Market Cap: $88.3734B, Share Price: $10.16) announced that the Audit Committee of its Board of Directors will move forward with a tender process for the appointment as GE's independent audit firm. The effective date for the audit firm appointment following that process will be based on the progress toward completing the Company's previously announced portfolio actions. The Audit Committee has determined to reappoint KPMG LLP (KPMG) as GE's auditor for 2019.


Cannabics Pharmaceuticals, Inc. (CNBX) (Market Cap: $56.722M, Share Price: $0.4299) announced that along with NewCanna Hub, a world leader in the field of cannabinoids, have signed a non-binding letter of intent at The World Economic Forum in Davos, Switzerland, to establish an equal joint venture that is intended to produce and market Cannabics' Slow Release ("SR") capsules in Colombia and potentially other regulated markets. Pursuant to the terms of the LOI, the parties intend to develop a joint business plan for the joint venture within the next 30 days and execute a definitive joint venture agreement as soon as reasonably practicable.

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. 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 $50,000 for services for January, and Regal expects CLSK to pay an additional $30,000 for January services. 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.

http://www.regalconsultingllc.com/full legal disclaimer/

Microspeculators.com Full Legal Disclaimer Click Here.

Contact Information:

Company Name: Microcap Speculators

Contact Person: Media Manager

Email: info@microcapspeculators.com

Phone: 1-702-720-6310

Country: United States

Website: http://microcapspeculators.com/

SOURCE: Microcap Speculators

View source version on accesswire.com: