HENDERSON, NV / ACCESSWIRE / October 10, 2018 / There have been some very intriguing news, and public filings recently for some otc companies. Public filings and news releases can shed light on very important aspects of a public company and there are several otc companies reporting some very significant news.
For starters let?s take a look at 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 the witness of an incredible run. CleanSpark released an 8-K just last Friday referencing an agreement with Macerich a REIT trading under the symbol MAC, on the NYSE. The 8-K that CLSK released references a potential $18 million contract between CLSK and MAC. This is very positive news for CLSK and their shareholder base.
CleanSpark, Inc. (CLSK), a microgrid company with advanced engineering, software and controls for innovative distributed energy resource management systems has been gaining in valuation and average volume since announcing the deal, but looks like it has quite a bit of room for growth left as the company has been announcing major progress on their patented software which is the kind of technology that the big boys crave.
A few companies with acquisition news you should put on your radar include: CleanSpark, Inc. (CLSK), Aurora Cannabis(ACBFF), Aphoria, Inc. (OTCQB:APHQF), Namaste Technologies, Inc. (OTC PINK:NXTFF) and Aleafia Health, Inc. (OTCQX:ALEAF).
CleanSpark, Inc. (CLSK)
Market Cap: $204.2M Share Price: $6.00
CleanSpark, Inc. released an 8-K last friday that stated:
“On October 2, 2018, CleanSpark, Inc. (the “Company”) executed a Profession Services Agreement (the “Agreement”) with Macerich to perform engineering, design and consultation services and follow-on construction work to install a Microgrid designed by the Company’s engineering team which utilized the Company’s mVSO software in creating the system design. The system will be controlled by the Company’s mPulse controller upon completion. The microgrid will be located at Macerich?s Thousand Oaks facility in California.
The Agreement provides that the Company will be compensated in stages, and each stage requires that Macerich provide written authorization to proceed. The agreement further requires that an additional Design Build Contract be executed for the construction portion of the project. At this time this agreement only specifically authorizes an initial $88,250 for consultation and engineering services, the balance of the $18 million microgrid installation contract falls under later stages. These additional stages require Macerich’s written authorization to proceed with the overall project. The Company expects to receive written permission to proceed on all stages of the contract in a seven week timeline.”
More positive news could be on the way for CLSK, keep this one on your watchlist.
Aurora Cannabis (ACBFF)
Market Cap: $8.72B Share Price: $10.10
Aurora Cannabis has applied to be listed on the NYSE. This is a very positive development for the company, and its shareholders.
Aphria, Inc. (APHQF)
Market Cap: $3.26B Share Price: $14.13
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.
Namaste Technologies, Inc. (NXTFF)
Market Cap: $589.04M Share Price: $1.98
RMMI Corp. ( CSE:RMMI ) just announced the company’s wholly-owned subsidiary, Rocky Mountain Marijuana Inc., signed a medical cannabis supply agreement with Namaste Technologies Inc.’s (OTCMKTS:NXTTF) wholly-owned subsidiary Cannmart Inc., whereby Cannmart will purchase medical cannabis from Rocky Mountain to offer in its online medical-cannabis marketplace. The medical cannabis supply agreement contains standard rights and obligations by each of Cannmart and Rocky Mountain including termination rights by either party.
Aleafia Health, Inc. (ALEAF)
Market Cap: $367.22M Share Price: $2.71
Aleafia Health Inc., signed a supply MOU with CannTrust Holdings Inc. Under the terms of the agreement, CannTrust has the right to purchase up to 15,000 kg of cannabis from Aleafia in 2019. It is a new agreement, expanding the relationship between the two companies.
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. ACR Communication, LLC, which owns Microcapspeculators.com, is not registered with Finra or any other financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. ACR Communication, LLC [and/or] Microcapspeculators.com does not have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. ACR Communication LLC, which owns Microcapspeculators.com, is compensated for its services in the form of cash-based compensation or in equity in the companies it writes about, or a combination of the two. ACR Communication, LLC has been compensated one thousand dollars cash for this article and four thousand dollars total by Regal Consulting. LLC, for news commentary articles for CLSK. CLSK and Regal Consulting, LLC were given an opportunity to edit information included in this article. This article is based solely on public information and the opinions of ACR Communication, LLC, which believes the news commentary to include accurate and complete information. We may buy or sell additional shares of CLSK in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.
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