International Land Alliance Inc (ILAL)

[The Beyonder]

Great news:

CleanSpark, Inc. and International Land Alliance Announce Microgrid Development Agreement
PR Newswire PR Newswire•August 19, 2020
SALT LAKE CITY, Aug. 19, 2020 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), ("the Company") a diversified software and services company and, International Land Alliance (OTCQB:ILAL), ("ILAL" or "International") an international land investment and development firm based in San Diego, California, are pleased to announce project deployments to be executed as part their exclusive agreement. According to the latest agreement, CleanSpark will provide sustainable power solutions to ILAL's portfolio of properties. Under this phase International has agreed that CleanSpark will provide microgrid power solutions to more than 400 unique residential resort properties.

CleanSpark, Inc. Logo (PRNewsfoto/CleanSpark, Inc.)
CleanSpark, Inc. Logo (PRNewsfoto/CleanSpark, Inc.)
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The phase is expected to be executed as follows; CleanSpark will provide microgrid solutions which will deliver power to 252 fully 'off-grid' cabins in the exclusive Valle Divino development in Ensenada, Baja, Mexico. CleanSpark will also provide sustainable power solutions to 152 luxury villas within the Plaza Bajamar project in conjunction with local grid power. It is anticipated that these projects will be deployed over the next 36 months as the residences are constructed.

In addition, CleanSpark will also provide microgrid power to all commercial facilities within both developments, including professional, retail and restaurant locations. The plans for these commercial locations are still under development and the companies will release additional information as construction timelines are released.

CleanSpark will continue to provide all energy project analysis, modeling, sizing, energy storage procurement and consulting for ILAL through each phase of development. Upon deployment, the microgrid installations will operate under a long-term software license agreement for CleanSpark's patented mPulse controls platform.

The first energy systems deployed within the unique development will be located on two residential villas currently in the final stages of construction. Commissioning of these initial energy projects is expected to occur on or before September 30, 2020.

"This phase is a significant milestone under our exclusive agreement with ILAL. International has master-planned a beautiful project in Ensenada, Baja Mexico, located just 45 minutes south of San Diego, California. Our microgrid solution will provide Valle Divino with the otherwise unavailable energy infrastructure it needs in a cost-effective manner. This project will help ILAL achieve their stated goal of providing affordable environmentally friendly housing. These residential projects collectively represent significant revenue development for CleanSpark." stated Zachary Bradford, the Company's President and CEO.

Jason Sunstein, CFO of International Land Alliance said; "Developing luxury communities that are both affordable and sustainable is core to our business. With the lack of a predictable electric grid connection, these homes would potentially be years away from a reality, but with the CleanSpark partnership, our residents can begin to call Ensenada 'home' in the very near future. Not only will we realize a significant acceleration in our development schedule, but the resilient energy and cost-savings will provide even greater security and value to our homeowners. Sales and buyer interest has increased as border restrictions have been lifted increasing access to our secure, safe and desirable locations."