HENDERSON, NV / ACCESSWIRE / March 12, 2019 / According to a new MarketsandMarkets™ report the Microgrid Control System Market is expected to grow from an estimated $2 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Microgrids are becoming a must have in many industries.
The $3.5bn cannabis industry is one of the nation's most energy intensive, often demanding 24-hour indoor lighting rigs, heating, ventilation and air-conditioning systems at multiplying grow sites. CleanSpark, Inc. (CLSK), a microgrid company, with a custom power solution developed for cannabis producers is in the right place at the right time. They have been ranked in the top 10 microgrids by Navigant Research, and in their latest press release stated, "(The company) is currently focusing our marketing efforts on the largest users in the Cannabis market, the agricultural (grow) facilities." This marketing effort should be fruitful considering their microgrid power solution for the cannabis industry cuts the monthly electricity bill of indoor grow-houses by up to 82%!
Today we are highlighting: CleanSpark, Inc. (CLSK), MKS Instruments, Inc. (MKSI), BWX Technologies, Inc. (BWXT), Aurora Cannabis, Inc. (ACB), and Tilray Inc. (TLRY).
CleanSpark, Inc. (CLSK) (Market Cap: $177.995M; Share Price: $4.29) just dropped a major update, giving shareholders guidance on several initiatives.
Highlights from CLSK's latest update include:
- Closing a $5 million round of funding
- Engaging a firm to navigate the company's up listing
- Announced the near completion of a $900k contract to install a CLSK microgrid at a U.S. Marine Corps Base
- Continued progress on their $18.3 million deal with NYSE company MAC
- Closing of an acquisition adding $3.6 million in gross sales to CLSK's bottom line during early 2019 alone
Back to CLSK's statements on cannabis, CEO S. Matthew Schultz continued to point out, "an extended outage can even cause a full loss (of the farmer's yield), especially when the facility is growing a medically-certified crop. Energy resiliency is critical for these operations." With the microscope on these companies and how they scale, CLSK could be a major beneficiary of the rush to cannabis production efficiency.
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MKS Instruments, Inc. (MKSI) (Market Cap: $4.354B; Share Price: $80.33) announced a new program that provides easy online access to thousands of MKS vacuum products designed for labs, R&D and engineering facilities. Under the banner "Research takes time. Ordering your lab equipment shouldn't.", the new Ultra-High Velocity (UHV) Program from MKS offers thousands of vacuum products in stock, a new streamlined online ordering experience and free two-day shipping in the United States.
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NextEra Energy, Inc. (NEE) (Market Cap: $90.613B; Share Price: $189.50) announced that it has entered into an agreement with a subsidiary of NextEra Energy Resources, LLC to acquire a geographically diverse portfolio of six wind and solar projects, collectively consisting of approximately 611 megawatts (MW). In conjunction with the acquisition, NextEra Energy Partners also has entered into a $900 million convertible equity portfolio financing with Kohlberg Kravis Roberts.
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Aurora Cannabis, Inc. (ACB) (Market Cap: $8.196B; Share Price: $7.95) invested $27 million in the Choom private placement and the convertible debenture offering. The money helped Choom in achieving "a number of its strategic growth initiatives," Aurora said in a statement.
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Tilray, Inc. (TLRY) (Market Cap: $6.708B; Share Price: $70.00) acquired Manitoba Harvest from Compass Diversified Holdings (CODI). vThe C$419 million purchase price consists of cash and Class 2 common stock shares of Tilray.
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. Regal was paid an additional $30,000 for March services and possibly compensated more for March services in the future, at which time Regal will update this disclaimer. 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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