Forecasting Growth in the Cannabis Industry

HENDERSON, NV / ACCESSWIRE / February 22, 2019 / Arcview Market Research and BDS Analytics, forecast global marijuana sales to rise by 38% to $16.9 billion in 2019. By 2022, we could see $31 billion in sales. Canada has been struggling with cannabis shortages since recreational cannabis was approved in October 2018. Part of the issue is the cost of production, 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.

One company with a solution to the energy issue 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%. Investors are catching on as the stock has been on a tear this month.

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

If their cannabis microgrid solution was all CleanSpark, Inc. (CLSK) (Market Cap: $235.667M, Share Price: $5.68) had going for, that would be enough to warrant interest. CLSK, however, has so much more happening; the cannabis solution is just a chapter in a much larger story. Navigant Research ranked CLSK in its top 10 microgrid solutions. They're currently working with NYSE company, MAC, on a project that could be worth $18 million. 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. In a true sign of growth, CLSK crossed a 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.

If all that wasn't enough to start your research, CLSK was 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.

Start your research today.

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An industry leader, Cronos Group, Inc. (CRON) (Market Cap: $4.01B, Share Price: $22.47), 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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Another cannabis play making news, Tilray, Inc. (TLRY) (Market Cap: $7.379B, Share Price: $79.20), recently said it plans to acquire what it calls the world's largest hemp food company, a move that could put more hemp and CBD items from the Canadian marijuana producer on retail shelves across the U.S. and Canada. The company will acquire Manitoba Harvest from Compass Group Diversified Holdings. The cash-and-stock deal could be worth up to 419 million Canadian dollars, about $USD 318 million, depending on certain milestones. Tilray expects to close the deal within 30 days.

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Canopy Growth Corporation (CGC) (Market Cap: $15.383B, Share Price: $45.04) reported Q3 financials recently of revenue rising by 282% in the quarter, the company sold over 20,000 pounds of cannabis in the quarter, a 334% increase from Q3 2018. However, the company still took losses, which is why companies like Canopy, could benefit from services like CLSK's microgrid solution.

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Aphria, Inc. (APHA) (Market Cap: $2.576B, Share Price: $10.38) announced 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.

All the above companies warrant your attention, CLSK for their groundbreaking tech that could save the industry 82% on energy. Do your own due diligence.

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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