#Cannabis with a Touch of Sun; Solar Energy takes role
in Cannabis Production; (TSX: $VFF.V) (OTC: $SING) (CSE: $HUGE.C) (CSE:
$BGRD.C)
Point Roberts, WA and Delta, BC - March 22, 2019
(Investorideas.com Newswire) Investorideas.com, a leading investor news
resource covering hemp and cannabis stocks releases the first article in a two
part series on how the growing global cannabis market is boosting ancillary
markets, including the solar/cleantech industry.
Recently MarketsInsider noted, “Marijuana appears to be the
fastest-growing job sector in the US, adding 64,389 full-time legal cannabis
jobs in 2018, according to a new report from the cannabis website Leafly and the
consultancy Whitney Economics, representing a 44% increase in total positions,
which rose to 211,000.”
Read this in full at https://www.investorideas.com/news/2019/renewable-energy/03221Solar-CannabisProduction.asp
“And that's not
counting jobs indirectly related to the marijuana industry, like lawyers,
accountants, security consultants, media companies, and marketing firms. With
those included, the report said, there were 296,000 payrolls in the sector last
year.”
One sector getting a
major boost from cannabis is solar, due in part to the high energy requirements
of indoor grow facilities and the cannabis industry as a whole.
Village Farms International, Inc. (TSX:VFF) (OTCQX:VFFIF) first realized the advantages of solar in
2016, when they, SolarCity and MP2 Energy agreed to build a 2 megawatt solar array adjacent
to Village Farm’s 30 acre Permian Basin Division greenhouse in Monahans, Texas.
The solar system provides the facility with nearly all of its daytime
electricity needs, and will generate more than 82 million kilowatt-hours of
power over the life of the system.
SinglePoint (OTC: SING), a technology and investment company with a focus on acquiring companies
that will benefit from the injection of growth capital and technology
integration in the mobile payments, ancillary cannabis services and blockchain
solutions, recently announced signing an asset purchase agreement to
acquire Direct Solar and AI Live Transfers. The two companies are providing
what has been described as ‘the Lending Tree Model for solar business.’ With
the proposal of The Green New Deal, solar is at the forefront of every conversation
and will continue to be top of mind as the nation grows through an "energy
shift" to renewable resources such as solar.
According to Zion Market Research, the global Solar Panel Market
accounted for USD $30.8 Billion in 2016 and is expected to reach USD $57.3
billion by 2022 growing at a CAGR of 10.9% between 2017 and 2022.
Cannabis producer FSD Pharma Inc. (CSE: HUGE) (OTC: FSDDF) and Solarvest BioEnergy Inc., a technology
company which has developed an algal-based flexible production platform capable
of producing health products, recently announced that they have signed a non-binding letter
of intent to enter into a definitive agreement in which Solarvest would conduct
research using its algal expression technology to develop pharma-grade
cannabinoids. The Parties would make mutual investments into one another and
Solarvest would grant FSD Pharma an exclusive license over a subset of the
Project Cannabinoids and certain royalty rights over all of the other Project
Cannabinoids.
“If successful, this could dramatically disrupt current
cannabis cultivation methods for medical purposes. It could reduce the majority
of time, space and costs associated with cannabis cultivation for medical purposes,
specifically cannabis with GMP Certification. We are very pleased to
collaborate with Solarvest on the development of promising alternative methods
of cannabinoid production using algal technology” said Zeeshan Saeed, President
and Founder of FSD Pharma. “We have been impressed by Solarvest’s management
knowledge and operations and believe that future commercial production of
cannabinoids using their algal-based production platform combined with our
proposed investment in Solarvest have the potential to create significant value
for our shareholders.”
Braingrid
Limited (CSE:BGRD) (OTC:BGRDF), a global provider of affordable, scalable and
easy-to-deploy sensor platforms for precision agriculture is adopting solar in
a different way, having announced the first commercial deployment of its innovative, self-powered
Sentroller S precision agriculture technology at Canadian
licensed producer WeedMD Inc.'s modern greenhouse facility, located in Strathroy, Ontario.
Sentroller S brings all the great features of Braingrid's
original Sentroller platform to cultivators including quick installation,
online dashboards and reports, as well as email alarm notifications. This allows growers the peace of mind that
their cannabis crops are safe and thriving.
The self-powered Sentroller S uses a solar panel that enables an even
quicker install and limitless possibilities for sensor placement. This true wireless freedom helps cultivators
monitor growing conditions where it matters - in and around the plant canopy
where power connections are not often available.
With more cultivation and
processing facilities going into construction every week, the high energy
demands placed on energy grids or the need for microgrid solutions are expected
to have a huge influence on the solar energy sector. Continued in part 2 of
this series we look at how not only solar, but many other ancillary sectors are
being boosted by rapid growth in the cannabis sector.
For investors
following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX
Marijuana/Hemp Stocks
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