HENDERSON, NV / ACCESSWIRE / March 14, 2019 / New Frontier Data, the authority in data, analytics and business intelligence on the global cannabis industry, in partnership with Resource Innovation Institute and Scale Microgrid Solutions, released The Cannabis Energy Report: Current and Evolving State of Cannabis Energy Consumption. "Energy consumption and carbon emissions are critical issues for all industries, and cannabis cultivation is no exception. With an estimated 162% increase in U.S. electricity consumption from cannabis cultivation alone, not including other parts of the world, it is important that we begin to understand the environmental impact of this fast-evolving industry." With that in mind, we're highlighting a few companies that can help companies with this energy increase.
CleanSpark, Inc. (CLSK) is one of the most promising. CLSK is a microgrid company, with a custom power solution developed for cannabis producers is in the right place at the right time. They have been ranked in the top 10 microgrids by Navigant Research, and in their latest press release stated, "(The company) is currently focusing our marketing efforts on the largest users in the Cannabis market, the agricultural (grow) facilities." This marketing effort should be fruitful considering their microgrid power solution for the cannabis industry cuts the monthly electricity bill of indoor grow-houses by up to 82%. CEO S. Matthew Schultz also stated, "an extended outage can even cause a full loss (of the farmer's yield), especially when the facility is growing a medically-certified crop. Energy resiliency is critical for these operations." With the microscope on these companies and how they scale, CLSK could be a major beneficiary of the rush to cannabis production efficiency.
Today we are highlighting: CleanSpark, Inc. (CLSK), Brookfield Renewable Partners L.P. (BEP), Renewable Energy Group Inc. (REGI), Charlotte's Web Holdings Inc. (CWBHF), and Kushco Holdings Inc. (KSHB).
CleanSpark, Inc. (CLSK) (Market Cap: $165.132M; Share Price: $3.98) just dropped a major update, giving shareholders guidance on several initiatives.
Highlights from CLSK's latest update include:
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Brookfield Renewable Partners L.P. (BEP) (Market Cap: $5.550B; Share Price: $31.04) announced that as a result of strong investor demand for its previously announced offering, the underwriters have partially exercised their option to increase the size of the offering to 7,000,000 Cumulative Minimum Rate Reset Class A Preferred Limited Partnership Units, Series 15 (the "Series 15 Preferred Units") to be offered on a bought deal basis to a syndicate of underwriters led by CIBC Capital Markets, BMO Capital Markets, RBC Capital Markets, Scotiabank and TD Securities Inc. The Series 15 Preferred Units will be issued at a price of $25.00 per unit, for gross proceeds of $175,000,000.
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Renewable Energy Group Inc. (REGI) (Market Cap: $903.248M; Share Price: $24.18) announced that its President and Chief Executive Officer, Cynthia (CJ) Warner, will participate in a fireside conversation at the 31st Annual ROTH Conference on Monday, March 18, 2019, at 1:30 PM PT, at the Ritz-Carlton in Dana Point, California.
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Charlotte's Web Holdings Inc. (CWBHF) (Market Cap: $1.422B; Share Price: $15.27) reported its 2018 harvested hemp results in mid-January, resulting in media attention and related momentum. Per the details of their report, the company reported more than a 10 times growth in harvested hemp compared to its 2017 growing season. The high-quality 100% U.S.-grown hemp will be processed through proprietary extraction methods to create whole plant hemp extract that will be used in Charlotte's Web products for sale in 2019 and 2020.
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Kushco Holdings Inc. (KSHB) (Market Cap: $491.986M; Share Price: $5.59) announced that it has entered into a long-term production and distribution contract with IEKO corporation in line with the sustainability initiative that it announced previously. The agreement is for the production of biodegradable and compostable packaging products to be used in the CBD and cannabis industries.
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 $80,000 for services for February. Regal was paid an additional $30,000 for March services and possibly compensated more for March services in the future, at which time Regal will update this disclaimer. 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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