HENDERSON, NV / ACCESSWIRE / February 21, 2019 / This stands to be a big year of sales growth for marijuana stocks. Ten companies are on to produce north of $100 million (U.S.) in sales in 2019 (fiscal 2019). The cannabis industry, however, 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.
As production grows, the need for efficient energy usage will as well. That's why we're very interested in CleanSpark, Inc. (CLSK). The Company has developed a microgrid power solution for the cannabis industry cuts the monthly electricity bill of indoor grow-houses by up to 82%. 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.
Today we are highlighting: CleanSpark, Inc. (CLSK), The Green Organic Dutchman (TGODF), Aurora Cannabis (ACB), Aphria, Inc. (APHA), and OrganiGram Holdings, Inc. (OGRMF).
CleanSpark, Inc. (CLSK) (Market Cap: $203.304M, Share Price: $4.90) 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.
The company's share price has been on the rise as well, so it may be smart to start your research now.
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The Green Organic Dutchman (TGODF) (Market Cap: $755.689M, Share Price: $2.80) 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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Aurora Cannabis (ACB) (Market Cap: $7.028B, Share Price: $7.07) posted a fiscal second-quarter loss of C$237.8 million on revenue of C$54.2 million, compared with year-earlier profit of C$7.7 million on revenue of C$11.7 million. Losses in the latest quarter resulted largely from investments Aurora Cannabis made in other cannabis producers, the Company said.
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Aphria, Inc. (APHA) (Market Cap: $2.519B, Share Price: $10.15) 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.
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OrganiGram Holdings, Inc. (OGRMF) (Market Cap: $778.568M, Share Price: $5.96), a cannabis producer, just announced they are adding grow rooms which will more than triple target annual production capacity to 113,000 kg once complete.
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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