Solving Cannabis’ Energy
Problem
May 2, 2019 -- InvestorsHub NewsWire -- Microcap Speculators --
The total production of U.S. cannabis cultivation (illicit + legal)
in 2017 was estimated to be 16.4 million pounds. The combined
consumption (illicit + legal) of 4.1 million MWh is roughly equal
to the total electricity generated annually by the Hoover
Dam. New Frontier Data anticipates a 162% increase in U.S.
Legal Cannabis Cultivation Electricity Consumption by 2022.
.
A company that could solve cannabis’ energy problem,
CleanSpark, Inc. (USOTC:
CLSK), has a microgrid energy solution for the
cannabis industry that dramatically decreases the cost of energy
associated with producing each pound of valuable cash crop. A
cannabis business using $90,000 per year in energy has the
potential to reduce its operating costs (flowering stage) from
$270/lb. to $200/lb., producing a 15% ROI over 10 years.
CLSK currently has several revenue generating projects. It
also released an Edgar filing reporting $20 million in financing in
the form of Debenture, the Series B Preferred Stock, the Warrant
and the Common Stock. With the warrants being priced $3.50
per share with respect to 2,000,000 Warrant Shares, $4.00 with
respect to 100,000 Warrant Shares, $5.00 with respect to 100,000
Warrant Shares, $7.50 with respect to 50,000 Warrant Shares and
$10.00 with respect to 50,000 Warrant Shares, the parties are
surely anticipating growth. This committed financing will
help accelerate the development and deployment of CleanSpark's
Distributed Energy Resource (DER) Solutions to commercial
customers.
CLSK has outlined several initiatives in their recent letter to
shareholders. CLSK is planning to initiate a marketing
campaign to start reaching indoor cannabis growers dealing with
inefficient energy usage in need of their services, push forward
their projects with recent acquisition of Intellectual Property of
Pioneer Critical Power Inc, and facilitate growth in their R&D
to find new industries their solution can improve. Start your
research now.
Today we are highlighting: CleanSpark, Inc. (USOTC:
CLSK), Tilray, Inc. (NASDAQ:
TLRY), Green Thumb Industries Inc. (USOTC:
GTBIF), Trulieve Cannabis Corp. (TCNNF), and SolarEdge
Technologies, Inc. (NASDAQ:
SEDG).
This financing is the latest in a long string of positive
announcements by CleanSpark, Inc. (USOTC:
CLSK) (Market Cap: $90.855M; Share Price:
$2.11). The company engaged a firm to navigate
their up listing, announced the near completion of a $900k contract
to install a CLSK microgrid at a U.S. Marine Corps Base and has
been progressing on a $18.3 million deal with NYSE company,
MAC. Now is the time to start your research on
CLSK.
_________
Tilray, Inc. (NASDAQ:
TLRY) (Market Cap: $5.028B; Share Price:
$51.95) sales grew 204% year over year to CA$20.9
million in Q4 2018. Tilray didn't break out how much it
generated in the recreational market, but its sales were CA$12.9
million in Q3, before recreational sales began. If you assume
every dollar of its quarter-over-quarter increase was from the
recreational market, then its market share would be about 5%.
Tilray, Inc. engages in the research, cultivation, processing,
and distribution of medical cannabis. The company offers its
products to patients, physicians, pharmacies, governments, and
hospitals; and for researchers for commercial purposes and
compassionate access and clinical research applications.
________
Green Thumb Industries Inc. (USOTC:
GTBIF) (Market Cap: $2.511B; Share Price:
$14.627) announced in February ’19 the closing of the
acquisition of For Success Holding Company, the Los Angeles-based
creator of the lifestyle suite of Beboe branded cannabis
products.
One of the largest U.S. multi-state cannabis operators is Green
Thumb Industries. Headquartered in Chicago, Illinois, GTI has
11 manufacturing facilities and licenses for 71 retail locations
across ten highly regulated U.S. markets. Green Thumb
Industries Inc. manufactures and sells various cannabis products in
the United States. The company's cannabis products include
flower, concentrates for dabbing and vaporizing, edibles, and
topical.
________
Trulieve Cannabis Corp. (TCNNF) (Market Cap: $1.47B;
Share Price: $13.25), 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 Cannabis Corp. operates as a medical marijuana
company. The company cultivates and produces products
in-house and distributes its products to Trulieve branded stores
(dispensaries) in Florida, as well as directly to patients via home
delivery.
________
SolarEdge Technologies, Inc. (NASDAQ:
SEDG) (Market Cap: $2.097B; Share Price:
$44.14) 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.
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.
________
Signed by
Priyanka Goel, CFA
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 $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 an additional
$100,000 for services for March. CLSK has paid an additional
$80,000 for services for April. 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.
http://www.regalconsultingllc.com/full
legal disclaimer/
Full Legal Disclaimer Click Here.
Contact Information:
Company Name: ACR Communication LLC.
Contact Person: Media Manager
Email: info@microcapspeculators.com
Phone: 1-702-720-6310
Country: United States
SOURCE: Microcap Speculators
Green Thumb Industries (QX) (USOTC:GTBIF)
Historical Stock Chart
From Mar 2024 to Apr 2024
Green Thumb Industries (QX) (USOTC:GTBIF)
Historical Stock Chart
From Apr 2023 to Apr 2024