All about the #Green; #Cannabis and Green Energy
Combine:(TSX: $ACB.TO) (NYSE: $ACB) (OTCQB: $SING) (CSE: $LHT.C) (OTCQX:
$LIHTF) (CSE: $HUGE.C) (OTC: $FSDDF)
Point Roberts, WA and Delta, BC - February 28, 2019
(Investorideas.com Newswire) Investorideas.com, a leading investor news
resource covering hemp and cannabis stocks releases a snapshot looking at the
growing interest in renewable energy and sustainable practices within the
cannabis industry, sparked largely by high demand, high energy usage and a need
for companies to lower costs and improve efficiency.
For Millennials that
are known to be big investors in the cannabis space but also wanting to invest
in sustainable technology for the future, this may be the perfect blend.
According to recent data, “Aurora Cannabis outpaced Apple as the favorite
stock on Robinhood, a free-trading app popular among millennial traders.”
“Legal cannabis
cultivation in the U.S. consumes an estimated 1.1 terawatt-hours of electricity
a year,” according to the 2018 Cannabis Energy Report, published by Scale Microgrid Solutions, along with
New Frontier Data and the Resource Innovation Institute.
“That’s enough to
power the whole of Newark, New Jersey or Anaheim, California,” the report
states.
Read this in full at https://www.investorideas.com/news/2019/main/02281Stocks-Green.asp
Aurora Cannabis Inc.
(TSX:ACB.TO) (NYSE:ACB) has been aware of this need for energy
efficiency since 2017, having partnered with Flora Fotonica through the
company’s subsidiary MedReleaf.
With the company
building large scale facilities such as their Aurora Sky, an 800,000 square
foot facility and Aurora Sun, a 1,200,000 square foot facility, the need for
energy efficiency is paramount. The Aurora Sun facility, located in Medicine
Hat, Alberta which receives more than 2,500 hours of sunshine per year, makes a
perfect candidate for solar.
SinglePoint (OTCQB:SING), a company with a portfolio that includes mobile payments and ancillary cannabis services, is taking note
of such large scale energy requirements having 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.
Total
installed US PV capacity is expected to more than double over the next five
years, and by 2023 over 14 GW of PV capacity will be installed annually. This
represents a major opportunity for SinglePoint and Direct Solar to
exponentially grow and establish a leadership role within the new segment of
the burgeoning solar industry.
Direct Solar is able to move
into every state quickly and efficiently because of the proprietary online
education technology the company has developed. SinglePoint plans to utilize
this edge to pitch cannabis businesses on the opportunity to save money and
increase margins with lowered utility costs through the use of solar.
Liht
Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) has focused much more on
sustainability, having announced earlier in the month that each of its cultivation facilities in Las Vegas, Nevada
have now achieved three organically grown certifications from EnvirOganic,
Certified Kind and Clean Green. The Company received its third certification
from Clean Green Certified, a program modeled on existing national and
international agricultural standards that ensures environmentally clean and
sustainable methods, comprised of three parts: legal compliance, review of
cultivation methods and agricultural crop inspection.
Liht also announced selecting the innovative Agnetix liquid cooled LED
lighting system for its British Columbia,
Canada cultivation
facilities, including newly announced 486,000 sq. ft of high-tech indoor
cultivation facilities.
Using the Agnetix system's unparalleled power, advanced
controls, and monitoring features, Liht expects to improve its yields while
saving over 50% on energy costs vs. traditional systems.
"Our cutting-edge facilities draw a tremendous amount
of power for lighting and HVAC systems. With the Agnetix system, we expect to
see an immediate cost reduction in our energy bill and a more efficient
operation," said Richard Huhn, Director of Liht. "We have also logged very positive
plant-health results using these lights and we are excited to start the new
grow."
FSD Pharma Inc. (CSE: HUGE) (OTC: FSDDF) is
also showing interest in solar and renewable practices having signed a non-binding letter of intent with Solarvest BioEnergy
Inc., in which Solarvest would conduct research using its algal expression
technology to develop pharma-grade cannabinoids.
Solarvest plans to develop and carry out a research
project using its algal expression system for the purpose of developing a proof
of concept that algae can express the Project Cannabinoids.
It seems all too obvious that with the high energy
requirements, a strong need for cost efficiency and high yield production and a
strong societal link to counter-culture and naturalist views, that the cannabis
sector will have to endorse “green tech” sooner rather than later, and early
movers like Aurora and SING may have the edge in what is fast becoming a
greener future.
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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