Cannabis Deal Making Causing Consolidation

HENDERSON, NV / ACCESSWIRE / February, 6, 2019 / In the fast-growing cannabis industry M&A is starting to heat up. Constellation Brands has pledged billions to Canopy, Cronos Group just made a deal, and iAnthus and MPX are in the news this week closing their deal. Looking for the next candidate, we wouldn't be surprised if one of the major producers looks to acquire CleanSpark, Inc. (CLSK). The company has developed a microgrid power solution for the cannabis industry that cuts the monthly electricity bill of indoor grow-houses by up to 82%! The company was also just added to the LD Micro Index. The Index consists of 1000 companies and only 4% are OTC listed, which makes CLSK's addition all that more impressive. Now's the time to research CLSK; they just completed the acquisition of Pioneer Power Solutions, Inc. Pioneer has delivered $32 million in products since 2016 and has $5 million in backlog. The company will add $3.6 million in gross sales to CLSK's bottom line during early 2019 alone. Start your research today.

Today we are highlighting: CleanSpark, Inc. (CLSK), iAnthus Capital Holdings, Inc. (ITHUF), MPX Bioceutical Corporation (MPXEF), Cronos Group, Inc. (CRON), and Canopy Growth Corporation (CGC).

CleanSpark, Inc. (CLSK) (Market Cap: $94.184M, Share Price: $2.27) is one of the top microgrid companies in the entire world. CLSK is currently working with NYSE company MAC on a project that could be worth $18 million. Factor in the acquisition of Pioneer Power, and you are looking at a company with fundamentals to support a much higher share price.

One thing that could be the catalyst for CLSK is their potential in the cannabis industry. When a stock starts to gain a following among pot investors, millionaires are made overnight. Ask early investors in GW Pharma, Canopy Growth, or Cronos Group. The fact that CLSK's mPulse software reduces the monthly electricity bill of indoor grow-houses by up to 82% is a game changer. With legal cannabis cultivation consuming U.S. an estimated 1.1 terawatt-hours of electricity a year, there is tremendous opportunity.

Now's a good time to start your research on CLSK, a great place to start is the company's recent letter to shareholders.

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iAnthus Capital Holdings, Inc. (ITHUF) (Market Cap: $386.11M, Share Price: $5.31) and MPX Bioceutical Corporation jointly announced that the previously announced is now expected to close on or before February 5, 2019.

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MPX Bioceutical Corporation (MPXEF) (Market Cap: $355.335M, Share Price: $0.8930), who is doing the deal with iAnthus, will form MPX International which will hold all of the non-U.S. businesses of MPX and will be focused on developing and operating assets across the global cannabis industry with an emphasis on cultivating, manufacturing and marketing products which include cannabinoids as their primary active ingredient. Initial key assets will include Canveda Inc. (a Canadian Licensed Producer), the Salus BioPharma Corporation agreement with Panaxia Pharmaceutical Industries Ltd. and 50% of a medical cannabis license application in Australia. MPX International has applied to list its securities on the Canadian Securities Exchange.

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Cronos Group, Inc. (CRON) (Market Cap: $3.86B, Share Price: $21.83) 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.

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Canopy Growth Corporation (CGC) (Market Cap: $16.444B, Share Price: $48.64) recently announced it will establish within the Hemp Industrial Park large-scale production capabilities focused on hemp extraction and product manufacturing within the United States. Depending on Board approval of a specific site, Canopy Growth intends to invest between $100 million USD and $150 million USD in its New York operations, capable of producing tons of hemp extract on an annual basis.

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.