Cannabis Stocks to Watch After FDA Comments

March 4, 2019 -- InvestorsHub NewsWire -- Microcap Speculators -- Last week, FDA Commissioner, Scott Gottlieb, announced plans to hold the first public meetings on the administration’s outlook for regulation of CBD in April and offered a few hints at his thinking on the issue. Many cannabis companies are planning to launch food, drink and cosmetics lines that contain CBD, a non-psychoactive ingredient in cannabis that is widely believed to have wellness properties, but which has not been subjected to the kind of research that has been conducted on THC, the plant’s psychoactive ingredient.

While investors may be turned off by of some companies in the sector, ancillary plays like CleanSpark, Inc. (USOTC: CLSK) and their microgrid power solution for the cannabis industry that cuts the monthly electricity bill of indoor grow-houses by up to 82%, may be a good option to research. The company is not fully exposed to cannabis, as most of their revenue is driven from operations unrelated to cannabis. The company has been ranked in the top 10 microgrids by Navigant Research.

Today we are highlighting: CleanSpark, Inc. (USOTC: CLSK), Aurora Cannabis, Inc. (NYSE: ACB), Tilray, Inc. (NASDAQ: TLRY), Cronos Group, Inc. (NASDAQ: CRON) and Terra Tech Corp. (TRTC).

It’s been a busy few months for CleanSpark, Inc. (USOTC: CLSK) (Market Cap: $172.600M, Share Price: $4.16). CLSK has announced an up to $18 million deal with NYSE company MAC, which has completed an acquisition adding $3.6 million in gross sales to CLSK’s bottom line during early 2019 alone and several other achievements that have brought this microgrid growth play well off its $1.10 52-week low.

The company counts itself as one of the very few OTC companies on the LD Micro Index (only 4% of the 1000 companies are OTC listed). The increase in exposure means investors should research CLSK now.

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Aurora Cannabis, Inc. (NYSE: ACB) (Market Cap: $7.035B, Share Price: $7.34) reported that it had agreed to acquire a majority stake in Portuguese company, Gaia Pharma Ltd., at an undisclosed sum. The company is planning to establish a medical cannabis production facility as well as for other related products as the company expands its reach to Europe.
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Tilray, Inc. (NASDAQ: TLRY) (Market Cap: $7.523B, Share Price: $79.51) acquired Manitoba Harvest from Compass Diversified Holdings (CODI). The C$419 million purchase price consists of cash and Class 2 common stock shares of Tilray.

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Cronos Group, Inc. (NASDAQ: CRON) (Market Cap: $3.242B, Share Price: $21.71) announced in early December that it had entered into a subscription agreement with Altria Group, Inc., one of the leading tobacco brands in the world, pursuant to which Altria agreed to make an approximately C$2.4 billion equity investment in Cronos Group on a private placement basis in exchange for common shares in the capital of the company.

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Terra Tech Corp. (TRTC) (Market Cap: $81.775M, Share Price: $0.88) announced the company has agreed to acquire the remaining stake in the Blüm Reno dispensary in Nevada. Under the agreement, Terra Tech will increase its stake in the Reno, Nev.-based dispensary to 100% from 50%. The acquisition includes the Blüm dispensary’s cannabis licenses as well.

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 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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