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).
_______
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.
_______
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.
_______
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.
_______
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.
http://www.regalconsultingllc.com/full
legal disclaimer/
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