Yahoo Finance Cannabis' Electricity Consumption Makes This Company a Breakout Candidate
HENDERSON, NV / ACCESSWIRE / December 10, 2018 / One way to invest in the growing cannabis market is through energy companies. Indoor growing systems, using fans and lights, sometimes operate 24 hours a day. This high usage is why about 1% of all electricity consumption in the United States can be attributed to indoor cannabis growing operations - that's $6 billion annually. Here's a few companies you should start researching.
Today we are highlighting: CleanSpark, Inc. (CLSK), The Scotts Miracle-Gro Company (NYSE SMG), Canopy Growth Corporation (CGC), Aurora Cannabis, Inc. (ACB), and NextEra Energy, Inc. (NEE).
With legal cannabis cultivation commencing in several states as well as the entire country of Canada, supplying and managing the massive us electricity will be a major market.
A company that seems to be in the right place at the right time to capitalize on this huge market inefficiency is CleanSpark, Inc. (CLSK) (Market Cap: $69.42M Share Price: $1.90).
CLSK has a unique microgrid solution for the cannabis industry. Their mPulse software reduces the monthly electricity bill of indoor grow-houses by up to 82%! They do this by virtually eliminating the demand charges that can account for almost 50% of the utility charges for such a facility.
Pressure is mounting on the cannabis industry to improve its margins after a lackluster 3rd quarter, companies like CLSK can help do just that.
CLSK also just released an impressive letter to shareholders highlighting: an agreement for an $18.3 million 'Zero Net Energy' Microgrid with an S&P 500 Member Real Estate Investment Trust (REIT), near completion on a $900,000 contract to install a 'turn-key advanced microgrid system' at the U.S. Marine Corps Base Camp Pendleton, they have been awarded 2 patents, and they updated an acquisition that could be a huge boost to the company's year end revenues.
CLSK's acquisition, Pioneer Custom Electrical Products, has delivered $32 million in products since 2016 and has $5 million in backlog. They have also received a $2.4 million equipment order as part of a contract for the new U.S. Embassy in Beirut, Lebanon which should end up on CLSK's balance sheet.
The Scotts Miracle-Gro Company (SMG) (Market Cap: $3.84B Share Price: $69.54) famously known as the official lawn care company of Major League Baseball, Scotts Miracle-Gro has recently made huge bets on growing weed -- marijuana, that is. Its recent purchase of Hawthorne Gardening set it up to be a major player in hydroponics, a way to grow plants in a nutrient-rich solution rather than soil.
A company that could use CLSK's services, Aurora Cannabis, Inc. (ACB) (Market Cap: $5.257B Share Price: $5.28), a Canadian marijuana producer was just selected to supply medical cannabis to Luxembourg. The decision by the Luxembourg Health Ministry helps Aurora expand its footprint in the European Union and comes more than a week after the company announced it completed the first shipment of medical marijuana to the Czech Republic.
Canopy Growth Corporation. (CVSI) (Market Cap: $10.76B Share Price: $31.40) announced recently that it has entered into two agreements with 48North Cannabis Corp. 48North will supply Canopy Growth with dried cannabis produced from high-grade, unique genetics, grown at 48North's wholly-owned facility, DelShen Therapeutics Corp. The total volume of the Supply Agreement is estimated to be a minimum of 1,200 kilograms and deliverable over the course of 12 months.
NextEra Energy, Inc. (NEE) (Market Cap: $87.39B Share Price: $182.86) the world's largest utility, it's also the largest producer of wind and solar energy anywhere on the planet making it one of the best renewable energy stocks to buy for the long haul.
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. 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 microcapspecultors.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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