HENDERSON, NV / ACCESSWIRE / October 5, 2018 / One of the major reasons cannabis stocks are doing so well is because they are potential solutions to long standing challenges, such as the opioid epidemic.
One of the largest challenges facing our world is providing energy for our growing population. Primary energy consumption growth averaged 2.2% in 2017, up from 1.2 % last year and the fastest since 2013. This compares with the 10-year average of 1.7% per year. Energy consumption rose by 3.1% in China. China was the largest growth market for energy for the 17th consecutive year.
A very interesting microgrid company recently discovered CLSK (CleanSpark, Inc.). CLSK provides the Best-in-Class microgrid solution to the cannabis industry. If this is your first time hearing about CLSK, starting doing your own due diligence right away. CLSK could start receiving increased attention from the street at any moment. Those that find CLSK before the rest of the crowd, could be in store for an incredible run. CLSK for instance, made a deal to acquire Pioneer Power Solutions. Since making the deal, Pioneer has already locked in $2.4 million of new business from the US State Department for the embassy in Beirut.
One of the largest expenses, and potentially biggest risks within the cannabis industry is energy cost and energy resiliency. Cleanspark has worked with major cannabis players to ensure the lights stay on, and the economics are optimized in real-time.
CleanSpark, Inc. has made some big news recently announcing a deal to acquire Pioneer Power Solutions. Since making the deal, Pioneer has already locked in $2.4 million of business. CLSK has been gaining in valuation and average volume since announcing the deal, but looks like it has quite a bit of growth left as the company has been announcing major progress on their proprietary value optimizer which is the kind of technology that the big boys crave.
CLSK won’t be at these prices for long, so the time to act is now.
Stocks to watch include: CleanSpark, Inc. (CLSK), Aphiria, Inc.(APHQF), New Age Beverages, Inc. (NBEV), GW Pharmaceuticals plc (GWPH), and Canopy Growth Corporation (CGC).
CleanSpark, Inc. (CLSK)
Market Cap: $167.3M Share Price: $4.75
CleanSpark, Inc. (CLSK), a microgrid company with advanced engineering, patented software and controls has released the advanced beta of version 2.0 of the company’s proprietary mVSO system.
CleanSpark’s mVSO, (Microgrid Value Stream Optimizer) is a modeling and optimization tool designed to assist in the selection, sizing, interconnection, and dispatch of a wide spectrum of cutting edge DER (Distributed Energy Resource) systems. The Company’s mVSO 2.0 delivers flexible system optimization using advanced analytics and big data principles including mixed-integer linear programming, predictive analytics and parallel computing to provide the ideal mix of the distributed energy benefits including:
Cost Savings / Revenue Generation
Sustainability / GHG Reduction
Energy Security / Resiliency
Aphria, Inc. (OTCQB:APHQF)
Market Cap: $3.10B Share Price: $12.56
Aphria Inc. (APHQF) announced closing the acquisition of LATAM Holdings Inc. from Scythian Biosciences (SCCYF). The Transaction was funded by the assumption of US$1 million of existing LATAM Holdings debt with the remaining consideration funded by the issuance of 15,678,310 common shares of Aphria. The closing was pursuant to the terms of the definitive share purchase agreement previously announced by the Company on July 17, 2018.
New Age Beverages, Inc. (NBEV)
Market Cap: $400.13M Share Price: $8.25
New Age Beverage, the Colorado-based organic and natural healthy functional beverage company intending to become the world’s leading healthy beverage company, has been invited to present at the 4th Annual B. Riley FBR Consumer & Media Conference. The conference is being held October 4, 2018 in New York City.
GW Pharmaceuticals plc (NASDAQ:GWPH)
Market Cap: $4.41B Share Price: $156.40
GW Pharmaceuticals plc, a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform, just announced the pricing of an underwritten public offering by the Company. GW will issue 1,900,000 American Depositary Shares, representing 22,800,000 ordinary shares of GW, at a price to the public of $158.00 per ADS on the Nasdaq Global Market, raising gross proceeds of approximately $300 million (before deducting underwriting discounts, commissions and offering expenses). GW granted the underwriters a 30-day option to purchase up to an additional 285,000 ADSs at the public offering price less underwriting discounts and commissions. Closing of the offering is expected to occur on October 5th , 2018.
Canopy Growth Corporation (NYSE:CGC)
Market Cap: $11.06B Share Price: $48.36
Canopy announced that Spectrum Cannabis, the cannabis corporation’s wholly owned subsidiary, has partnered with the Ontario Long Term Care Association to pursue the development and implementation of a long-term care medical cannabis study aimed at seniors. Canopy Growth and the OLTCA will recruit a group of long-term care homes to perform the study while evaluating quality of life outcomes, caregiver stress and the economic benefits of cannabis adoption.
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