This Company May Solve Cannabis' Energy Problem

HENDERSON, NV / ACCESSWIRE / March 22, 2019 / According to the Cannabis Energy Report released by New Frontier Data last October, the production of legal cannabis is projected to consume 162 % more energy by 2022.

"Based on the 16.4 million pounds of cannabis cultivated in 2017, the resulting electricity-based carbon emissions associated with that level of production was 1.8 million tons," the report continued.

By this same time next year, the cannabis industry will be producing 2.6 million tons of CO2 emissions. But with a market worth almost $10 billion last year, the increased demand for cannabis is not going anywhere. Rather, it will be met with a demand for cleaner, more efficient energy resources. Especially in North America, where indoor and outdoor cannabis cultivation could contribute upwards of 1.2 million pounds of carbon emissions.

Microgrids and microgrid software solutions can manage this kind of electricity usage and ultimately improve its efficiency.

In a recent press release, microgrid company CleanSpark, Inc. (CLSK) CEO S. Matthew Shultz stated, "(The company) is currently focusing our marketing efforts on the largest users in the cannabis market, the agricultural (grow) facilities." He continued to say, "opportunity in the cannabis market is unprecedented due to the high energy usage of these facilities in both the US and Canada. In many cases our solution is capable of virtually eliminating the demand charges that can account for almost 50% of the utility charges for such a facility." CLSK should have no problem landing cannabis clients, the company's custom power solution and mPulse software for cannabis producers cuts the monthly electricity bill of indoor grow-houses by up to 82%.

Today we are highlighting: CleanSpark, Inc. (CLSK), OrganiGram Holdings (OGRMF), iAnthus Capital Holdings, Inc. (ITHUF), Ocean Power Technologies, Inc. (OPTT), and Renewable Energy Group Inc. (REGI).

CleanSpark, Inc. (CLSK) (Market Cap: $146.046M; Share Price: $3.52) recently updated its shareholders on several major initiatives.

Highlights from CLSK's latest update include:

• Closing a $5 million round of funding
• Engaging a firm to navigate the company's up listing
• Announced the near completion of a $900k contract to install a CLSK microgrid at a U.S. Marine Corps Base
• Continued progress on their $18.3 million deal with NYSE company MAC
• Closing of an acquisition adding $3.6 million in gross sales to CLSK's bottom line during early 2019 alone

OrganiGram Holdings (OGRMF) (Market Cap: $912.042M; Share Price: $7.04), a leading licensed producer of cannabis, announced the appointment of Helen Martin as Corporate Secretary. Ms. Martin has been with the company since November 2018 acting in the capacity of Vice-President, Strategic Initiatives and Legal Affairs.

iAnthus Capital Holdings, Inc. (ITHUF) (Market Cap: $818.847M; Share Price: $5.75) which owns, operates, and partners with best-in-class regulated cannabis operations across the United States, has recently announced that it has completed the private placement offering of US$35 million of unsecured convertible notes and corresponding warrants to three investors (the "Offering"). The proceeds from the Offering will be applied to continue the build-out of facilities across the Company's 11-state footprint. In October 2018, iAnthus and MPX Bioceuticals announced an agreement to merge. The all-share transaction is a first of its kind and is valued at C$835 million, making it the largest public cannabis transaction to date in the U.S.

Ocean Power Technologies, Inc. (OPTT) (Market Cap: $5.258M; Share Price: $4.63), a leader in innovative and cost-effective ocean energy solutions, signed a Master Service Contract with a leading offshore oil and gas operator. The Contract will govern all work with this customer within the U.S. and the U.S. outer continental shelf, including the provision of goods and services.

Renewable Energy Group Inc. (REGI) (Market Cap: $846.842M; Share Price: $22.67) is a leading provider of cleaner, lower carbon intensity transportation fuels. It recently announced that its President and Chief Executive Officer, Cynthia (CJ) Warner, participated in a fireside conversation at the 31st Annual ROTH Conference on this past Monday at the Ritz-Carlton in Dana Point, California.

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 $100,000 for services for February. Regal was paid an additional $100,000 for March services. CLSK has paid 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.