CEA Industries Inc. (CEAD)

[goodgodyall]

https://finance.yahoo.com/news/electricity-usage-cannabis-growers-ballooning-133000197.html

HENDERSON NV / ACCESSWIRE / December 12, 2018 / Cannabis indoor grow operations accounts for 1% of electricity consumption in the US. Here are a few companies you should look at to capitalize on this fact.

Today we are highlighting: CleanSpark, Inc. (CLSK), Emerald Health Therapeutics, Inc. (EMHTF), GW Pharmaceuticals, Inc. (GWPH), Cronos Group, Inc. (CRON), and Consolidated Edison (ED).

Indoor growers are looking to cut spiraling electricity consumption with custom-built microgrids in U.S. states where cannabis cultivation is legal.

A company that seems to be in the right place at the right time to capitalize on this huge market inefficiency is CleanSpark, Inc. (CLSK) (Market Cap: $88.787M Share Price: $2.43).

CLSK has a unique microgrid solution for the cannabis industry. Their mPulse software reduces the monthly electricity bill of indoor grow-houses by up to 82%! They do this by virtually eliminating the demand charges that can account for almost 50% of the utility charges for such a facility.

Pressure is mounting on the cannabis industry to improve its margins after a lackluster 3rd quarter, companies like CLSK can help do just that.

CLSK also just released an impressive letter to shareholders highlighting: an agreement for an $18.3 million 'Zero Net Energy' Microgrid with an S&P 500 Member Real Estate Investment Trust (REIT), near completion on a $900,000 contract to install a 'turn-key advanced microgrid system' at the U.S. Marine Corps Base Camp Pendleton, they have been awarded 2 patents, and they updated an acquisition that could be a huge boost to the company's year end revenues.

CLSK's acquisition, Pioneer Custom Electrical Products, has delivered $32 million in products since 2016 and has $5 million in backlog. They have also received a $2.4 million equipment order as part of a contract for the new U.S. Embassy in Beirut, Lebanon which should end up on CLSK's balance sheet.

____