Yahoo Finance New Ways to Profit on Cannabis Growth
HENDERSON, NV / ACCESSWIRE / December 12, 2018 / The Farm Bill is the latest sign Cannabis' growth will continue in the States. Speaking of cannabis growth, about 1% of all electricity consumption in the United States can be attributed to indoor cannabis growing operations - that's $6 billion annually. Energy companies are a great way to play the cannabis boom. Here's a few companies you should start researching.
Today we are highlighting: CleanSpark, Inc. (CLSK), Charlotte's Web Holdings, Inc. (CWBTF), Aurora Cannabis, Inc. (ACB), Aphria, Inc. (APHA), and The Southern Company (SO).
Indoor growers are looking to cut spiraling electricity consumption with custom-built microgrids in U.S. states where cannabis cultivation is legal.
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: $88.787M Share Price: $2.43).
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, awarded 2 patents, and 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.
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Charlotte's Web Holdings, Inc. (CWBHF) (Market Cap: $1.119B Share Price: $11.95) market share leader in hemp-based CBD wellness products, recently reported their third quarter results. The company saw revenue growth of 57% to $17.7 million, gross profit (before biological asset adjustments) increased 54% to $13.8 million, and an adjusted EBITDA increased 23% to $5.4 million or 31% of its consolidated revenue. Wellness combined with hemp seems like a winning combination.
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Aurora Cannabis, Inc. (ACB) (Market Cap: $5.875B Share Price: $5.93) 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.
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Aphria, Inc. (APHA)(Market Cap: $1.528B Share Price: $6.14), completed its LATAM acquisition of LATAM Holdings Inc. This acquisition consisted of licenses and other assets and related businesses in Colombia, Argentina and Jamaica and a right of first offer and refusal in respect of Brazil. There has been some controversy over the value of the acquisition.
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The Board of Directors of The Southern Company (SO) (Market Cap: $48.934B Share Price: $47.56) announced the election of Dr. Janaki Akella and Anthony F. Earley, Jr. as independent directors effective Jan. 2, 2019. Dr. Akella will join the Operations, Environmental and Safety Committee and the Business Security Subcommittee and Mr. Earley will join the Operations, Environmental and Safety Committee and the Compensation and Management Succession Committee, in each case effective January 2, 2019.
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 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.
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