As of today, there are six separate motions in Congress that would ultimately end the federal cannabis prohibition in the United States. While some would legalize and regulate the drug nationally, others would take a narrower approach, allowing states with legal cannabis to proceed unaffected by federal regulation.
The passes to come are likely to be a combination of notions that will mark the legal-cannabis period to come.
As we continue to see major moves on a federal level, we can expect more producers to set up shop, which means producers will need to cut costs any way they can to remain competitive in this explosive market.
Enter: Clean Spark, Inc. (“CLSK”).
CLSK owns a unique microgrid solution for the cannabis industry. Their mPulse software reduces the monthly electricity bill of indoor grow-houses by up to 82 percent! They do this by virtually eliminating the demand charges that can account for almost 50% of the utility charges for such a facility.
“In almost every established market that’s been around for more than a couple of years, right now we recommend getting production costs down to $300/pound or below to stay competitive. That’s a steep curve from where it was a year or two ago.” “Getting costs down will be the biggest factor moving the cannabis industry towards energy efficiency and sustainable growing practices,” said Jacob Policzer, director of science and strategy at The Cannabis Conservancy.
Today we are highlighting: CleanSpark, Inc. (OTCQB: CLSK), TerraForm Power, Inc. (NASDAQ: TERP), Vestas Wind Systems A/S (Copenhagen: VWS.CO), First Solar, Inc. (NASDAQ: FSLR), Canadian Solar Inc. (NASDAQ: CSIQ).
CleanSpark, Inc. (OTCQB: CLSK), (Market Cap: $84.375M, Share Price: $1.90), CleanSpark Inc. provides microgrid solutions to military, commercial and residential properties. Their services consist of intelligent solar monitoring solutions, microgrid design and engineering, project development consulting services, System installation and consulting, and turn-key microgrid implementation services. The work is performed under fixed price bid contracts, negotiated price contracts, fully financed power purchase agreements, or energy services agreements such as Microgrid as a Service (MaaS). The company also continues to pursue the development of our gasification technologies for commercial deployment. The company has been granted multiple patents protecting what they believe to be a breakthrough design for the next generation in waste-to-energy technology. The increased efficiency compared to existing solutions results in a significantly lower cost per watt of electricity produced.
The company announced equipment sales for the month of May were more than $1 million, as compared with equipment sales of $431,000 during the first three months of 2019. Equipment Sales for CleanSpark’s fiscal year are on track to exceed prior estimates of $4 million.
TerraForm Power, Inc. (NASDAQ: TERP), (Market Cap: $2.991B, Share Price: $14.30), TerraForm Power, Inc., together with its subsidiaries, owns and operates clean power generation assets. The company operates through three segments: Solar, Wind, and Regulated Solar and Wind. The companies portfolio consisted of solar and wind projects located in the United States, Canada, Spain, Chile, Portugal, the United Kingdom, and Uruguay with a combined nameplate capacity of 3,738 megawatts.
Vestas Wind Systems A/S (Copenhagen: VWS.CO), (Market Cap: $111.856B, Share Price: $567.00), Vestas Wind Systems A/S designs, manufactures, installs, and services wind turbines worldwide. The company operates in two segments, Power Solutions and Service. The Power Solutions segment sells wind power plants, wind turbines, etc. The Service segment engages in the sale of service contracts, spare parts, and related activities.
The company announced on June 30th, 2019 they received an order for V150-4.2 MW and V110-2.0 MW turbines for a wind project in the U.S. Including previously purchased 2 and 4 MW components, the project has a total nameplate capacity of 242 MW. The order includes supply and commissioning of the turbines as well as a 25-year service agreement, designed to ensure optimised performance for the lifetime of the project. Turbine delivery will begin in the first quarter of 2020 with commissioning scheduled for the third quarter of 2020.
First Solar, Inc. (NASDAQ: FSLR), (Market Cap: $6.92B, Share Price: $65.68), First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United States and internationally. It operates in two segments, Modules and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators of PV solar power systems. The Systems segment provides turn-key PV solar power systems or solar solutions, such as project development; engineering, procurement, and construction; and operating and maintenance services to utilities, independent power producers, commercial and industrial companies, and other system owners.
Canadian Solar Inc. (NASDAQ: CSIQ), (Market Cap: $1.294B, Share Price: $21.83), Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. The company operates through two segments, Module and System Solutions, and Energy. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems. The company also develops, constructs, maintains, sells, and/or operates solar plants. In addition, it provides specialty solar products consisting Maple Solar System, a clean energy solution for families; solar inverters; energy storage systems; and solar pump systems, as well as solar system kits, which are a ready-to-install packages that consist inverters, racking systems, and other accessories. Further, the company develops, builds, and sells solar power projects; performs engineering, procurement, and construction (EPC) works for solar power projects; and offers operation and maintenance services that include inspection, repair, and replacement of plant equipment, site management, and administrative support services.
Although the federal legalization process is going to be complicated, if it’s done correctly, the result will be promising for cannabis companies nationwide. Ending federal prohibition means eliminating the red-tape that most companies have to tread carefully through.
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 an additional $100,000 for services for March. CLSK has paid an additional $80,000 for services for April. 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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