Microgrid Marijuana Mover to Put on Your Radar

HENDERSON, NV / ACCESSWIRE / April 5, 2019 / According to CannaNews, a leading cannabis industry publication, as the industry moves toward large-scale production, "growers' energy consumption continues to explode to almost unimaginable levels." The announcement explains in 2017 that indoor cultivation already used a whopping 1% of the U.S.’s total energy expenditure and that utilities in states where pot growing is now legal have run into struggles with the load and reported cannabis-related power outages. As of March 2017, the cannabis industry was responsible for about 0.5% of total US greenhouse gas emissions. Energy is one of growers’ largest costs, accounting for as much as 50% of total overhead. However, implementing a microgrid can dramatically reduce those costs. Microgrids combine solar, storage, and combined heat and power (CHP). The systems make for a much more environmentally friendly operation while dramatically reducing costs, hence the revolutionary role they will play in this growing industry.

A microgrid company that you should start researching today is CleanSpark, Inc. (CLSK). CLSK was ranked as a top 10 microgrid by Navigant Research last year. The company has also developed a microgrid power solution for the cannabis industry, which can reduce energy costs by up to 82%. This represents a huge potential revenue stream for the company. Due to this fact the company has stated that marketing to cannabis companies is one of their top initiatives for 2019. Recently, the company closed on $5 million round of funding, engaged a firm to navigate their uplisting, and as far as currently operation go, announced the near completion of a $900k contract to install a CLSK microgrid at a U.S. Marine Corps Base and have been progressing on a $18.3 million deal with NYSE company MAC. This could be big, so start your research today.

Today we are highlighting: CleanSpark, Inc. (CLSK), Aleafia Health Inc. (ALEAF), The Supreme Cannabis Company, Inc. (SPRWF), Innovative Industrial Properties Inc (IIPR), and SolarEdge Technologies, Inc. (SEDG).

In recent news, CleanSpark, Inc. (CLSK) (Market Cap: $141.897M; Share Price: $3.42) announced that it has delivered approximately $357,000 in custom electrical equipment to customers and received new orders of approximately $438,000 since the closing of the definitive agreement on January 22, 2019 to acquire the intellectual property of Pioneer Critical Power Inc. The custom equipment backlog has increased to approximately $3.9 million, an increase of approximately 8.3% from the backlog levels on the date of acquisition. Their acquisition of intellectual property of Pioneer Critical Power Inc., has already been a boon for their bottom line.

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Aleafia Health Inc. (ALEAF) (Market Cap: $ 388.022M; Share Price: $1.4268) recently announced the completion of its merger with Emblem Corp. Under the terms of the agreement, Aleafia Health acquired all of Emblem's common shares and formed a new wholly-owned subsidiary that will keep the name Emblem name. The completion of the merger marks a key milestone for both companies as they work to build long-term shareholder value.

Aleafia Health Inc. operates as a vertically integrated cannabis company. The company engages in the cultivation and processing, and medical cannabis clinics business operations. As of December 19, 2018, it operated through a network of 22 Canabo Medical cannabis clinics in Canada serving approximately 50,000 patients. The company is based in Concord, Canada.

The Supreme Cannabis Company, Inc. (SPRWF) (Market Cap: $473.147M; Share Price: $1.63) recently had its President and Founder, John Fowler, named on High Times list of the 100 Most Influential People in Cannabis. Mr. Fowler, a pioneer of the Canadian cannabis industry, spent over a decade in the medical cannabis sector as a cultivator, influencer, patients-rights advocate and lawyer. In 2013, Mr. Fowler founded Supreme Cannabis' wholly-owned subsidiary 7ACRES with a clear vision: to create Canada's leading premium cannabis flower brand and produce high quality cannabis on a commercial scale.

The Supreme Cannabis Company, Inc. engages in the production of medical cannabis in Canada. The company was formerly known as Supreme Pharmaceuticals Inc. and changed its name to The Supreme Cannabis Company, Inc. in December 2017. The Supreme Cannabis Company, Inc. was incorporated in 1979 and is headquartered in Toronto, Canada. Since 2014, the Company has emerged as one of the world's fastest-growing, premium plant driven-lifestyle companies by effectively deploying capital, with an emphasis on disciplined growth and high-quality products.