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MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON TECH DRAG

Nvidia tumbles 10%, Amazon loses more than 2% while Apple ends 1% lower

Cannabis and Clean Energy Work Together

ACCESSWIRE

HENDERSON, NV / ACCESSWIRE / March 20, 2019 / 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. With this amount of energy being expended, cleaner and more efficient options are being sought after by cannabis producers. Indoor growers are looking to cut spiraling electricity consumption with custom-built microgrids in U.S. states where cannabis cultivation is legal.

While several microgrid companies are working towards a solution, there is one company that already has it. CleanSpark, Inc. (CLSK) has developed a custom power solution and mPulse software for cannabis producers that cuts the monthly electricity bill of indoor grow-houses by up to 82%. Their latest press release stated, "(The company) is currently focusing our marketing efforts on the largest users in the cannabis market, the agricultural (grow) facilities." CEO S. Matthew Schultz also stated, "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. The cannabis market continues to grow at a rapid rate, and as a result the significant and growing energy demands of the industry also continue to increase. We are currently focusing our marketing efforts on the largest users in the cannabis market, the agricultural (grow) facilities. In addition to cost savings, the loss of power can be extremely detrimental to an agricultural (grow) facility's production and an extended outage can even cause a full loss, especially when the facility is growing a medically-certified crop. Energy resiliency is critical for these operations. We believe our solution will find a strong foothold in the market as many solutions currently available to the market provide either resiliency or energy savings but very few provide both."

Today we are highlighting: CleanSpark, Inc. (CLSK), Curaleaf Holdings, Inc. (CURLF), Aphria, Inc. (APHA), Enphase Energy, Inc. (ENPH), and Covanta Holding Corporation, Inc. (CVA).

CleanSpark, Inc. (CLSK) (Market Cap: $147.291M; Share Price: $3.63) just dropped a major update, giving shareholders guidance on several initiatives.

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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


Curaleaf Holdings, Inc. (CURLF) (Market Cap: $2.313B; Share Price: $6.63) announced that it had signed a definitive agreement to acquire Acres Cannabis for $70 million in a cash and stock transaction. Curaleaf is paying $25 million in cash and $45 million in stock and will make further payments if certain financial goals are exceeded. Currently, Acres operates 269,000 square feet of cultivation facilities and a cannabis dispensary in Las Vegas, Nevada.

Aphria, Inc. (APHA) (Market Cap: $2.608B; Share Price: $10.41) announced that Health Canada has granted the company its license amendment, permitting Aphria to commence production in an additional 800,000 square feet of facilities at its Aphria One location, as part of the company's completed Part IV and Part V expansions.

Enphase Energy, Inc. (ENPH) (Market Cap: $998.384M; Share Price: $9.20) makes solar energy management systems for the residential and commercial markets in the U.S. and Canada. It recently announced that the new Panasonic AC Series Photovoltaic (PV) HIT® N330E AC Module with integrated Enphase IQ 7X™ Microinverter will be available for solar installation companies in late March.

Covanta Holding Corporation, Inc. (CVA) (Market Cap: $2.255B; Share Price: $17.30) is a world leader in providing sustainable waste and energy solutions. It recently announced that the Board of Directors has declared a quarterly cash dividend of $0.25 per share, payable on April 5, 2019 to stockholders of record as of the close of business on March 29, 2019.

Signed by

Priyanka Goel, CFA

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. Regal was paid an additional $55,000 for March services and possibly compensated more for March services in the future, at which time Regal will update this disclaimer. 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.

http://www.regalconsultingllc.com/full legal disclaimer/

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Contact Information:

Company Name: ACR Communication LLC.

Contact Person: Media Manager

Email: info@microcapspeculators.com

Phone: 1-702-720-6310

Country: United States

SOURCE: ACR Communication LLC



View source version on accesswire.com:
https://www.accesswire.com/539611/Cannabis-and-Clean-Energy-Work-Together