Jefferies Coverage Excites Cannabis Investors

Date : 03/01/2019 @ 1:30PM
Source :InvestorsHub NewsWire
Stock : Medmen Enterprises Inc. (MMNFF)
Quote : 0.48475  -0.02525 (-4.95%) @ 7:31PM

Jefferies Coverage Excites Cannabis Investors

Jefferies Coverage Excites Cannabis Investors

 

March 1, 2019 -- InvestorsHub NewsWire -- Microcap Speculators -- Stock-research firm, Jefferies, launched coverage of the cannabis business recently lead by analyst Owen Bennett, who initiated ratings on nine companies while estimating that the legal-weed industry will reach $50 billion in annual sales over the next decade vs. just $17 billion this year.  Bennett also said a "realistic" bullish case could see the industry enjoy as much as $130 billion in sales by 2029 thanks to pot's disruptive nature.  We decided to highlight a couple cannabis plays that could be a part of this growth.

One that won’t show up as a cannabis company, but benefits from the industry nonetheless, CleanSpark, Inc. (USOTC: CLSK), has developed a microgrid power solution for the cannabis industry that cuts the monthly electricity bill of indoor grow-houses by up to 82%. 

Today we are highlighting: CleanSpark, Inc. (USOTC: CLSK), MedMen Enterprises Inc. (USOTC: MMNFF), The Green Organic Dutchman Holdings Ltd. (TGODF), Aphria, Inc. (NYSE: APHA) and OrganiGram Holdings Inc. (USOTC: OGRMF).

CleanSpark, Inc. (USOTC: CLSK) (Market Cap: $190.857M, Share Price: $4.60) has been doing a lot to impress investors.  Besides an amazing innovation for the cannabis industry, CLSK has 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.   

The company that counts itself as one of the very few OTC companies on the LD Micro Index (only 4% of the 1000 companies are OTC listed), has taken another step towards its growth trajectory by executing its contract outside of the United States (a tech. consultant on a large industrial park in Costa Rica).

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MedMen Enterprises Inc. (USOTC: MMNFF) (Market Cap: $283.148M, Share Price: $3.03) reported Wednesday fiscal second-quarter net losses attributable to shareholders of $18.7 million or 25 cents a share, compared with losses of $11 million in the year-ago period.  MedMen did not provide a per-share figure for fiscal second quarter 2017.  Revenue rose to $29.9 million from $3 million in the year-ago period.  
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The Green Organic Dutchman Holdings Ltd. (TGODF) (Market Cap: $818.029M, Share Price: $3.03) recently released an update on their Jamaican partner, a fully integrated Jamaican cannabis company with cultivation, extraction, manufacturing and retail distribution licenses. Significant progress has been made towards expanding cultivation, opening additional retail dispensaries, and establishing a leadership position in Jamaica's robust medical cannabis market.

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Aphria, Inc. (NYSE: APHA) (Market Cap: $2.407B, Share Price: $10.36) said it has signed a worldwide license agreement with Manna Molecular Science to develop and sell cannabis transdermal patches.  Under the agreement, Aphria will use Manna’s formulations, equipment and processes to produce and sell patches containing cannabis oils for its established suite of medical and adult-use brands.

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OrganiGram Holdings Inc. (USOTC: OGRMF) (Market Cap: $832.107M, Share Price: $6.42) signed a letter of intent with the Société québécoise du cannabis (SQDC).  According to their press release, “This agreement solidifies the Company's position as a true national player in Canada's legal adult use recreational cannabis marketplace. Organigram now has distribution in place for all ten Canadian provinces.”

 

 

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. 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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Contact Information:

Company Name: Microcap Speculators

Contact Person: Media Manager

Email: info@microcapspeculators.com

Phone: 1-702-720-6310

Country: United States

Website: http://microcapspeculators.com/

 

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