Cannabis Market Leaders to Watch This Week

HENDERSON, NV / ACCESSWIRE / February 19, 2019 / Cannabis stocks closed last week mostly higher, Canopy Growth and Aphria, two of the more well-known stocks in the industry each released positive press which seemed to raise all boats.

One cannabis play that has been doing extremely well this month, CleanSpark, Inc. (CLSK), was one of the few that pulled back. However, it was bound to happen after the stock nearly tripled in value during the first couple weeks of February. This is probably an ideal time to research CLSK; if you haven't yet heard of this microgrid company that has been gaining investor interest due to some very promising news. The reason cannabis investors have been flocking to CLSK is their microgrid power solution for the cannabis industry that cuts the monthly electricity bill of indoor grow-houses by up to 82%.

Today we are highlighting: CleanSpark, Inc. (CLSK), Canopy Growth Corporation (CGC), Aurora Cannabis, Inc. (ACB), Cronos Group, Inc. (CRON), and Aphria, Inc. (APHA).

CleanSpark, Inc. (CLSK) (Market Cap: $208.283M, Share Price: $5.02), as we mentioned, has an impressive power solution for the cannabis industry and will likely thrive as the cannabis industry grows. However, CLSK is not reliant upon cannabis alone. The company just crossed major milestone executing its first contract outside of the United States, being awarded a contract to serve as the technical consultant for a large industrial park in Costa Rica.

CLSK is currently working with NYSE company MAC on a project that could be worth $18 million.

The company was also just added to the LD Micro Index, which consists of 1000 companies and only 4% are OTC listed making CLSK's addition all that more impressive.

CLSK also 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.

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The news we mentioned above from Canopy Growth Corporation (CGC) (Market Cap: $16.243B, Share Price: $47.56) was of a 282% rise in quarterly revenue thanks to Canadian legalization the company. This is a good harbinger for the industry.

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One of Canopy's largest competitors and one of the few cannabis plays in the red Friday, Aurora Cannabis, Inc. (ACB) (Market Cap: $7.001B, Share Price: $7.05), recently provided an update to its strategic investment in High Tide Inc, an Alberta-based, vertically-integrated cannabis corporation. Since Aurora first invested its initial $10 million in the High Tide convertible debenture offering back in December 2018, the Company has achieved impressive amounts of strategic growth. High Tide is rapidly expanding its retail operations with an additional 26 stores presently under various stages of construction.

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Another industry leader, Cronos Group, Inc. (CRON) (Market Cap: $3.787B, Share Price: $21.29), continues to reach new highs since announcing in early December 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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Finally, Aphria, Inc. (APHA) (Market Cap: $2.393B Share Price: $9.60), whose news we alluded to earlier, said a special committee has concluded a review of the September acquisition of Latam Holdings Inc. and found conflicts of interest for some of its board members. The committee did, however, find that the price paid was within an "acceptable" range compared with comparable deals done by its competitors albeit near the high end of that range. The market has reacted favorably to their news.

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. 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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