HENDERSON, NV / ACCESSWIRE / April 2, 2019 / Cannabis stocks are obviously red hot right now. However, most investors are looking solely at growers and manufacturers of weed, CBD, or hemp-infused products and fail to recognize the operations side of the cannabis industry.
One sector getting a major boost from cannabis is solar energy, partly due to the high energy requirements of indoor grow facilities and the cannabis industry. With this growing need, the future of electricity may be defined by microgrids-a greener and more safeguarded alternative to traditional and massive regional power grids.
Investing in microgrid tech is tough because there aren't many pure play microgrid companies. However, CleanSpark, Inc. (CLSK) is one of the few. The company is one of the US's top microgrid solutions according to Navigant Research, who added them to their top 10 in 2018. They have made deals across the board including a $900k contract to install a CLSK microgrid at a U.S. Marine Corps Base, as well as an $18.3 million deal with NYSE company MAC.
Today we are highlighting a variety of Cannabis Plays, including: CleanSpark, Inc. (CLSK), The Green Organic Dutchman Holdings Ltd. (TGODF), New Age Beverages Corporation. (NBEV), CannTrust Holdings Inc. (CTST), and FSD Pharma Inc. (FSDDF).
CleanSpark, Inc. (CLSK) (Market Cap: $142.312M; Share Price: $3.43) has a chance to not only be one of the top microgrid and renewable growth performers this year, but the company also has a firm foot in the cannabis market. They have created a solution for the cannabis industry that can help growers save as much as 82% on electricity costs. According to their latest press release, the company is focusing its marketing efforts on the largest users in the cannabis market - the agricultural (grow) facilities. This can serve as a strong potential source of revenues in the coming years. The company hopes to get its first contract soon in 2019.
CLSK just closed a $5 million round of funding, recently completed the acquisition of Intellectual Property of Pioneer Power Solutions, Inc., which is expected to add $3.6 million in gross sales to CLSK's bottom line during early 2019 alone and is working on an up listing.
Research CLSK today.
It was announced recently that The Green Organic Dutchman Holdings Ltd. (TGODF) (Market Cap: $977.315M; Share Price: $3.62) will participate in the upcoming Virtual Investor Conference, the leading proprietary investor conference series. Individual investors, institutional investors, advisors and analysts are invited to attend. The program opens at 9:15 AM ET, with the first live webcast at 9:30 AM ET, on Thursday, April 4th., with The Green Organic Dutchman Holdings Ltd. Slotted for 3:30 PM. The company also received green light for its greenhouse recently. As per its latest press release, Hamilton City Council has voted to approve the company's settlement offer to allow TGODF to operate its cannabis greenhouse in Ancaster, Ontario upon confirmation of the settlement by the Local Planning Appeal Tribunal at a meeting scheduled for April 25, 2019.
The Green Organic Dutchman Holdings Ltd., through its subsidiary, The Green Organic Dutchman Ltd., operates as a cannabinoid-based research and development company in Canada. It produces organic cannabis products, including organic dried cannabis, cannabis oils and edibles, fresh cannabis, and seeds for medical applications.
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New Age Beverages Corporation (NBEV) (Market Cap: 393.349M; Share Price $5.24) reported revenue of $14 million for the fourth quarter of the year. This is an increase of 24% over the company's revenue of $11.25 million reported in the fourth quarter of the previous year. It also comes in above Wall Street's revenue estimate of $13.54 million for the period. For the twelve-month period ended December 31, 2018, gross revenues reached $59.1 million versus $56.6 million in the prior year. Other key highlights included strengthening of Balance sheet significantly with >$280 million in assets, increase in cash to >$42 million and a current ratio of nearly 2 to 1.
New Age Beverages Corporation, a healthy functional beverage company, engages in the development, marketing, sales, and distribution of beverages. The company offers ready to drink (RTD) tea, RTD coffee, kombucha, energy drinks, relaxation drinks, coconut waters, functional waters, and rehydration beverages, as well as functional medical beverages.
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Last week, the Canadian pot company, CannTrust Holdings Inc. (CTST) (Market Cap: $846.465M; Share Price $8.01), lost nearly 20% of its value after reporting fourth-quarter earnings on Thursday. The issue was the company's disappointing revenue haul of CA$16.2 million (roughly $12.1 million at current exchange rates) over the course of Q4, and the fact that the company's net loss of CA$0.26 per share far exceeded Wall Street's consensus estimate for the three-month period of CA$0.04 per share. As per its latest quarterly update, CannTrust has entered into letters of intent to secure an additional 200 acres of land slated for a massive outdoor grow facility. The company suggested that this new acreage could boost its annual peak output by 100,000 to 200,000 kg per year as soon as 2020. A total peak annual output of 200,000 kg would put CannTrust into the top six Canadian producers overall; a 300,000 kg annual haul, on the other hand, would catapult the company solidly into third place -- behind only Aurora and Canopy Growth in terms of peak cultivation capacity.
CannTrust is a federally regulated licensed producer, bringing more than 40 years of pharmacy and healthcare experience to the medical cannabis industry. They apply this expertise to produce standardized medical cannabis for patients in need, that has earned them the title of the 2018 Canadian Cannabis Awards "Top Licensed Producer of the Year." FSD Pharma Inc. (FSDDF) (Market Cap: 245.634M; Share Price: $0.177) recently announced the signing of a consulting agreement with Joseph L. Romano, a well-respected lawyer with a strong track-record in personal injury law. Mr. Romano has been working with medical cannabis since 2006, assisting people coping with chronic pain to have access to medical cannabis, a viable alternative to opioid based medications. In consideration for his services, FSD will pay Mr. Romano consulting fees, warrants and shares in the company, subject to compliance with all applicable securities laws and the policies of the Canadian Securities Exchange. FSD Pharma Inc., through its subsidiary, FV Pharma Inc., produces medical cannabis in Canada. The company focuses on the development of the indoor grown pharmaceutical grade cannabis; and research and development of various cannabinoid-based treatments for various central nervous system disorders, including chronic pain, fibromyalgia, and irritable bowel syndrome.
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 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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