HENDERSON, NV / ACCESSWIRE / November 20, 2018 / Amid all the doom and gloom, there's one indicator that is pointing to a rally in the short term.
The National Association of Active Investment Managers (NAAIM) exposure reading. NAAIM's consists of Investment Managers ranging from small regional firms to large national firms, including hedge fund managers, mutual fund companies and a variety of other firms that provide professional services. Traditionally their sentiment is contrarian, meaning if they are bearish, that's bullish for the market.
One company that looks set to rebound is a hybrid cannabis/ clean energy play we love, CleanSpark, Inc. (CLSK) (Market Cap: $52.61M Share Price: $1.30). CLSK is an intriguing company with a unique microgrid solution that takes multiple energy resources i.e. wind, solar, fuel cells etc. and builds a single energy ecosystem. The system is resilient and cost efficient. It is particularly useful clients who cannot afford to lose power. Marijuana growers are a growing client base for the company because they can lose whole crops if power were to go. CLSK's medical marijuana clients utilize their service for this reason, as well as the efficiency aspect as growing cannabis is a huge energy drain between the constant lighting and climate control necessary.
CLSK minimizes the cost of energy as well as lowers the actual amount used saves the companies bundles. The company continues to grow and has just inked an $18 million-dollar deal.
The market hasn't factored this news in yet due to the recent bearishness market wide, CLSK could be a major beneficiary of a market turnaround.
Here are a few companies that could benefit from a market rebound: CleanSpark, Inc. (CLSK), Aurora Cannabis, Inc. (ACB), Green Thumb Industries, Inc. (GTBIF), NextEra Energy, Inc. (NEE), and Canadian Solar, Inc. (CSIQ).
Aurora Cannabis, Inc. (NYSE: ACB) (Market Cap: $6.30B Share Price: $6.70) a recent addition to the NYSE has seen its value drop as investors have soured on cannabis companies temporarily. However, Aurora Cannabis Inc. (ACB), just announced the official opening of its latest high-tech cannabis production facility in Lachute, Quebec; the company is calling it "Eau." At 48,000 square feet, with 11 purpose-built grow rooms, Aurora Eau will produce up to 4,500 kg of high-quality cannabis per year, all in a facility with some of the lowest electricity costs in North America. It is designed to grow niche varieties of cannabis for the premium medical and adult consumer use markets in Quebec, Canada and around the world. Eau becomes Aurora's second production facility in Quebec , the first being Aurora Vie, a 40,000 square foot indoor grow facility in Pointe Claire, Quebec. Investors may find value at these low prices.
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A pure cannabis play coming of its low, Green Thumb Industries, Inc. (GTBIF) (Market Cap: $1.87B Share Price: $12.24). GTBIF is a vertically-integrated cannabis company with operations in eight states, where it has eight manufacturing facilities and holds licenses for 60 retail locations. The company just acquired of Integral Associates will expand its operations in Nevada, where GTI has been active since 2016 and has two recreational stores and one facility.
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A pure energy/ grid play, NextEra Energy, Inc. (NYSE: NEE) (Market Cap: $86.04B Share Price: $180.02) just locked in a deal to acquire Trans Bay Cable, LLC (TBC) for approximately $1 billion, including the assumption of debt. The transaction is expected to be immediately accretive to earnings upon closing. TBC is a 53-mile, high-voltage direct current underwater transmission cable system with utility rates set by the Federal Energy Regulatory Commission (FERC) and revenues paid by the California Independent System Operator.
NextEra Energy Transmission develops, finances, constructs, operates, and maintains transmission assets across the continent.
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Solar cell manufacturer and electricity provider, Canadian Solar, Inc. (NASDAQ: CSIQ) (Market Cap: $953.41M Share Price: $16.30) reported total revenues $768 million. The company is in 2 primary businesses, the MSS business comprising primarily of the designing, development, manufacturing and sale of solar modules, other solar power products, solar system kits and the provision of EPC and Operating and Maintenance (O&M) services; and the Energy business comprises primarily the development and sale of solar projects, operating solar power projects and the sale of electricity.
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. 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 microcapspecultors.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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