Companies in the Cannabis Space Worth a Look

HENDERSON, NV / ACCESSWIRE / February 11, 2019 / January's bull run for the cannabis industry led to a natural correction, it looks like the sector is gaining support for its next push, there are several opportunities in the cannabis space you should begin researching. One we think you should research right away is 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), Auxly Cannabis Group, Inc. (CBWTF), Cronos Group, Inc. (NASDAQ: CRON, TSX: CRON), The Green Organic Dutchman Holdings Ltd. (TGODF), and Aphria, Inc. (APHA).

CleanSpark, Inc. (CLSK) (Market Cap: $143.143M, Share Price: $3.45) 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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Auxly Cannabis Group, Inc. (CBWTF) (Market Cap: $342.755M, Share Price: $0.57) recently announced the termination of the definitive agreement dated March 3, between the Company and FV Pharma Inc., a wholly-owned subsidiary of FSD Pharma Inc. governing the joint venture between the parties.

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Cronos Group, Inc. (CRON) (Market Cap: $3.509B, Share Price: $19.55) 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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The Green Organic Dutchman Holdings Ltd. (TGODF) (Market Cap: $696.091M, Share Price: $2.55) is a Canadian Licensed Producer growing out of Quebec. According to their investor information, they currently are growing on 620,000 square feet and are expanding to reach 970,000 square feet. Their website also states that they can produce 116,000 kg of cannabis per year. The company just announced that the Danish Medicines Agency, the Government body responsible for issuing cannabis related licenses, has granted an initial cannabis business authorization to TGODF's joint venture production partner Knud Jepsen. This license will allow TGOD's JV partner, Kund Jepsen. to immediately begin importation of starting materials and to begin research and development related to the creation of elite cannabis genetics.

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Aphria, Inc. (APHA) (Market Cap: $2.327B, Share Price: $9.43) announced earlier this week that its Board of Directors decided, after much anticipation, to reject the hostile bid by Green Growth Brands Inc to acquire all of the outstanding common shares of the Company including any Common Shares that may become issued and outstanding after January 22, 2019, but prior to the expiry of the hostile bid upon the exercise, conversion or exchange of options, warrants, debentures or other securities of the Company exercisable or convertible into Common Shares, other than Common Shares owned by GGB or its affiliates, in exchange for 1.5714 shares of GGB.