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Companies Leading the Cannabis Rally

ACCESSWIRE

HENDERSON, NV / ACCESSWIRE / February 15, 2019 / Cannabis stocks are having an incredible 2019 thus far. The sector appeared to have peaked in the fall of 2018. When Canada's legalization went into effect, stocks in the marijuana sector fell, which could be chalked up to classic "sell on news" behavior. At this point, however, the market is seeing it has oversold the sector causing the rally. This year, cannabis stocks are back with the sector ETF posting a 50% move off the lows.

One decision many cannabis investors struggle with is whether to support recreational or medical companies. One company that benefits from cannabis growth either way is CleanSpark, Inc. (CLSK). The company helps cannabis companies deal with their enormous amount of power required for indoor grow operations. CLSK's microgrid power solution for the cannabis industry that cuts the monthly electricity bill of indoor grow-houses by up to 82%! Investors are starting to take notice as you can see by their recent performance. There's still quite a bit of headroom on the chart so it would be smart to begin your due diligence on CLSK.

Today we are highlighting: CleanSpark, Inc. (CLSK), Canopy Growth Corporation (CGC), Cronos Group, Inc. (CRON), Green Thumb Industries, Inc. (GTBIF), and CannTrust Holdings, Inc. (CNTTF).

CleanSpark, Inc. (CLSK) (Market Cap: $255.582M, Share Price: $6.16) is one of the top microgrid companies in the entire world. In fact, the company was ranked among the top 10 microgrid companies by Navigant Research. With an increased emphasis on green energy starting to gain momentum, microgrid plays like CLSK are attractive to investors. 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. Add that to the list of impressive feats CLSK has recently accomplished.

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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.

Get started researching CLSK.

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Canopy Growth Corporation (CGC) (Market Cap: $15.825B, Share Price: $46.12) 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 licence 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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Cronos Group, Inc. (CRON) (Market Cap: $3.711B, Share Price: $20.82) announced in early December 2018 that it had entered into a subscription agreement with Altria Group, Inc., one of the leading tobacco brands in the world, pursuant to which Altria agreed to make an approximately C$2.4 billion equity investment in Cronos Group on a private placement basis in exchange for common shares in the capital of the Company.

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Green Thumb Industries, Inc. (GTBIF) (Market Cap: $2.325B, Share Price: $13.54) closed on its acquisition of Connecticut-based Advanced Grow Labs LLC (AGL), previously announced on January 7, 2019. AGL is one of only four companies in Connecticut licensed to grow and process cannabis. The Connecticut-based cannabis company operates a 41,000 square foot manufacturing facility in West Haven with the potential to expand.

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CannTrust Holdings, Inc. (CNTTF) (Market Cap: $832.33M Share Price: $7.91), one of Canada's leading producers of cannabis, announced in late-January that the Company had obtained the necessary permitting from the Town of Pelham to proceed with its Phase III expansion with the construction process set to commence immediately. With enhancements to the Phase III facility above and beyond the specifications initially contemplated, CannTrust will maintain its total production capacity forecast of 100,000 kg per year after completion of the Phase III construction.

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.

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

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Contact Information:

Company Name: Microcap Speculators
Contact Person: Media Manager
Email: info@microcapspeculators.com
Phone: 1-702-720-6310
Country: United States
Website: http://microcapspeculators.com/

SOURCE: Regal Consulting



View source version on accesswire.com:
https://www.accesswire.com/535479/Companies-Leading-the-Cannabis-Rally