HENDERSON, NV / ACCESSWIRE / March 29, 2019 / Microgrids and microgrid software solutions provide effective and efficient consumption strategies for managing the type of electricity usage demanded by enormous and expanding cannabis grow operations. These energy technologies provide better way to manage the increasingly complex energy issue presented by the cannabis industry.
Identifying the companies and stocks that provide these microgrid solutions takes a good deal of homework, which is one of the goals of this piece. One such company is CleanSpark, Inc. (CLSK). CLSK announced that it has delivered approximately $357,000 in custom electrical equipment to customers and received new orders of approximately $438,000 since its recent IP acquisition of Pioneer Critical Power Inc in January 2019. The custom equipment backlog has increased to approximately $3.9 million, an increase of approximately 8.3% from the backlog levels on the date of acquisition. Additionally, their acquisition of intellectual property of Pioneer Critical Power Inc. has already been a boon for their bottom line.
Today we are highlighting: CleanSpark, Inc. (CLSK), Black Hills Corporation (BKH), MGE Energy, Inc. (MGEE), Aurora Cannabis (ACB), and Aphria, Inc. (APHA).
CleanSpark, Inc. (CLSK) (Market Cap: $145.631M; Share Price: $3.405) will add the revenue from its acquisition of Pioneer Critical Power' Intellectual property to an already impressive list of accomplishments:
- Closed a $5 million round of funding
- Engaged 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
CLSK has also developed a microgrid power solution for the cannabis industry, which can reduce energy costs by up to 82%. This represents another huge potential revenue stream for the company. Start your research today.
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According to the company, in the most recent 13F filing with the Securities and Exchange Commission (SEC), Foresters Investment Management Company Inc. lifted its holdings in shares of Black Hills Corporation (BKH) (Market Cap: $4.419B; Share Price: $74.43) by 4.9% in the 4th quarter. The firm owned 193,800 shares of the utilities provider's stock after buying an additional 9,100 shares during the quarter. Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through Electric Utilities, Gas Utilities, Power Generation, and Mining segments.
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MGE Energy, Inc. (MGEE) (Market Cap: $2.342B; Share Price: $67.54) filed an application with the Public Service Commission of Wisconsin to expand its popular Shared Solar program with a second, large-scale solar installation in the City of Middleton. The 5-MW solar project would be built in partnership with the City of Middleton at the Middleton Municipal Airport, also known as Morey Field. MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. The company generates, purchases, and distributes electricity. It also owns or leases electric generation facilities located in Wisconsin and Iowa and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services.
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Aurora Cannabis (ACB) (Market Cap: $8.978B; Share Price: $8.83) announced earlier this month that the company had appointed Nelson Peltz as a Strategic Advisor. Mr. Peltz and Aurora will work collaboratively and strategically to explore potential partnerships that would be the optimal strategic fit for successful entry into each of Aurora's contemplated market segments. Mr. Peltz will also advise on the Company's global expansion strategy. Aurora is one of the world's largest and leading cannabis companies. Aurora is vertically integrated and horizontally diversified across every key segment of the value chain.
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Aphria, Inc. (APHA) (Market Cap: $2.311B; Share Price: $9.17) announced that Health Canada has granted the company its license amendment, permitting Aphria to commence production in an additional 800,000 square feet of facilities at its Aphria One location, as part of the company's completed Part IV and Part V expansions.
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Signed by
Priyanka Goel, CFA
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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 $100,000 for services for February. Regal was paid an additional $100,000 for March services. CLSK has paid 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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