Cannabis Bargains to Boost Your Profits

HENDERSON, NV / ACCESSWIRE / January 21, 2019 / Last year, Canada legalized cannabis, Michigan legalized cannabis for recreational use, Missouri and Utah legalized it for medical applications, and U.S. Congress approved and passed the new Farm Bill allowing for small-scale hemp cultivation facilities. Previously, hemp was grouped with marijuana as a Schedule 1 drug. Despite all this progress, stocks in the cannabis industry hit a slump in tandem with the broader marketing 2018. So far in 2019, however, investors are jumping back in a big way taking advantage of these bargain prices. With the cannabis market expected to reach $65 billion by 2023 according to Mordor Intelligence, you can see why.

A prime example of this trend is Clean Spark, Inc. (CLSK). The company hit a high of $7.30 last year which doesn't seem too high when you consider their best in class microgrid solution for the cannabis industry that reduces the monthly electricity bill of indoor grow-houses by up to 82%, running parallel to their non-cannabis microgrid business, such as the $18 million deal the company is working on with NYSE company MAC. The company is currently one of the oversold cannabis gems available at a huge discount, sitting above support around $2.15, now's the time to start your research on CLSK.

Today we are highlighting: CleanSpark, Inc. (CLSK), HEXO Corp. (HYYDF), Cronos Group, Inc. (CRON), KushCo Holdings, Inc. (KSHB), and Aurora Cannabis, Inc. (ACB).

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. CleanSpark, Inc. (CLSK) (Market Cap: $81.81M Share Price: $2.13). 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.

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.

Investors are anticipating CLSK's first announcement for 2019, now's a good time to start your research on the company.

A perfect example of the kind of rally stocks like CLSK are set up for is, HEXO Corp. (HYYDF) (Market Cap: $662.49MShare Price: $5.21). The company recently announced earlier this month that it had applied to list its common shares on the New York Stock Exchange. As with any company that goes down this route, listing of the Company's common shares on the NYSE is subject to the approval of the NYSE and the satisfaction of all applicable listing and regulatory requirements.

Another big winner the industry, Cronos Group, Inc. (CRON)(Market Cap: $2.66B Share Price: $14.90) announced, in early December 2018, that it had entered into a subscription agreement with Altria Group, Inc., one of the leading tobacco brands in the world, pursuant to which Altria agreed to make an approximately C$2.4 billion equity investment in Cronos Group on a private placement basis in exchange for common shares in the capital of the Company.