POINT ROBERTS, Wash. and DELTA, British Columbia, March 21, 2019 (GLOBE 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.”
“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 serie,s 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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