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https://otce.finra.org/otce/dailyList
Summary
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
02/11/2022 02:06:54 Market Center Change Listed on NASDAQ 02/11/2022 02:06:54 CEADD CEA Industries Inc. Common Stock Other OTC
Comments
Prdct chng OTCE-OTCE>UTP-NSDQ
Details
Current Value
Daily List Date/Time 02/11/2022 02:06:54
Event Type Market Center Change Listed on NASDAQ
Effective/Ex Date/Time 02/11/2022 02:06:54
Symbol CEADD
Issue Name CEA Industries Inc. Common Stock
Class
Market Category Other OTC
Offering Type No Restrictions
Daily List Comment Prdct chng OTCE-OTCE>UTP-NSDQ
CEA Industries Announces Pricing of $24 Million Public Offering and Nasdaq Listing
News articles like this are a regular occurance in the Produce journals..
Soli Organic to build first soil-based organic indoor farm in Seattle area
February 10, 2022 - General News
ROCKINGHAM, Va., Feb. 10, 2022 /PRNewswire/ — Soli Organic Inc. BB #:187801, the nation’s only soil-based, controlled environment agriculture company delivering 100% USDA certified organic produce to more than 20,000 retail stores nationwide, today announced plans to build a new soil-based, controlled environment agriculture farm in Marysville, Washington.
The 130,000 square-foot farm will supply 5 million pounds of affordable USDA certified organic herbs and leafy greens each year and support 150 local, well-paying jobs in the Seattle area.
Soli Organic believes organic produce should be accessible and affordable to all people. The Company’s ‘biology first, technology to scale’ philosophy flips the typical high-tech controlled environment agriculture script in support of this mission.
The natural benefits of its soil-based growing system – combined with the highly targeted use of technology – enable the Company to offer organic herbs and leafy greens with all of the sustainability benefits of indoor-grown produce, at a much lower price point.
“This is an incredibly exciting time for Soli Organic. We’re thrilled to be expanding into the Pacific Northwest region as our company seeks to ensure that consumers in the Seattle area and broader Pacific Northwest region have access to high-quality indoor-grown organic produce that is not only affordable, but sustainably produced,” said Matt Ryan, Chief Executive Officer of Soli Organic.
“This next phase of expansion for Soli Organic will advance our efforts to scale and grow the company while maintaining our strong track record of financial performance.”
“Economic Alliance works with our local communities to attract innovative companies, like Soli Organic. They will be bringing environmentally sustainable indoor farming technologies to Marysville and the Puget Sound Region,” said Garry Clark, Economic Alliance Snohomish County President & CEO. “Washington’s strong agricultural tradition makes Soli Organic a perfect fit for our community.”
“We couldn’t be more excited to welcome Soli Organic to Marysville and the Cascade Industrial Center,” Marysville Mayor Jon Nehring said. “It’s a forward-thinking company and an excellent addition to our growing business corridor.”
Proprietary Soil-Based Growing System Eliminates Synthetic Fertilizers, Enables Organic Produce at Prices Comparable to Conventionally-Grown Produce
By growing plants in living soil – rather than using hydroponics or aeroponics, as is common among other controlled environment agriculture companies – Soli Organic has become the first company to unlock the full value of controlled environment agriculture. This includes achieving considerable savings that translate to low unit costs, higher and more predictable yields, and environmental and climate benefits.
Using a soil-based substrate enables the Company’s closed-loop nutrient regeneration technology, which produces nitrogen naturally. This eliminates entirely the need for synthetic fertilizers, which supports the Company’s USDA certified organic status and shields it from recent ongoing spikes in input costs. Synthetic fertilizer prices reached repeated record highs over the course of 2021. This trend is anticipated to continue in 2022.
The use of soil has also enabled Soli Organic to achieve low unit costs for organic produce, rivaling most outdoor field production and considerably lower than any other indoor – and non-organic – agriculture company. The Company’s organic production system, water- and energy-efficient technologies, and strategic farm locations support a best-in-class sustainability profile.
Accelerated Growth Plans
The Marysville facility is expected to be operational by Q1 2023. The facility is the second of eight new farms the Company intends to build in the near term, in addition to seven facilities already in operation. The Company intends to have a total of 15 soil-based indoor farms in strategic locations across the United States, which will support its plans to shift 90% of its production indoors.
The Company also recently announced a $120 million agreement with leading real estate development firm Decennial Group, one of the largest of its kind for a controlled environment agriculture company to date. The agreement will finance construction of three of the Company’s planned eight new facilities. In August 2021, Soli Organic broke ground on the first of the three facilities to be financed through this announcement, located in Anderson County, South Carolina. The 100,000 square-foot facility is anticipated to be operational by Q2 2022. The Company intends to announce the locations of the two additional farms financed through this agreement in the near future.
About Soli Organic Inc.
Founded in 1989 as Shenandoah Growers, Inc., Soli Organic Inc. is the leading grower and marketer of fresh organic culinary herbs in the United States, providing sustainable, USDA certified organic, regionally grown produce to retailers coast-to-coast. The Rockingham, Virginia-based company has developed the nation’s largest commercial indoor organic, soil-based growing system and continues to redefine how to bring fresh, organic, and sustainably farmed produce to market – operating across a nationally integrated platform of farms, production, and logistics facilities. For more information, please visit www.soliorganic.com.
Looks like they been been approved for uplist? Not sure on the timing. Hopefully soon. We can’t afford more days like today!
https://www.sec.gov/Archives/edgar/data/1482541/000135445722000124/8A_Cert_CEAD.pdf
Yeah, OTCQB now. Is this their Hail Mary or do they have a plan in place?
I'm sticking around, made a good buck over the years flipping Surna, so just riding freebies anyways...
Wow! This is going well! What a cluster!
I agree. They want to buy companies and acquire growth....Overhead to do all this is huge plus larget for shorts now, not before. They have guts and fast ambition.
They already laid out their capital raise plan. They’re issuing shares post splits to raise up to $76 million, around 5mi shares and warrants.
1.6mil s/o up to 8mil s/o is literally nothing.
They also amended the a/s to 200mil
Future dilution will happen. If they want to acquire a company where is the cash ?
Nasdaq listing possible assuming it holds $3 by then.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
NASDAQ about the corner!
Controlled Environment Agriculture (CEA) is the future and widely embraced!
Always do your own DD!
Well, that's not good.
So, you have a 1 for 150 reverse split, with 850M authorized for possible future dilution up the wazooo.
And, does anyone know if they even qualify for uplisting to Nasdaq?
This could very well work out, but reverse split was stupid. If they just patiently grew the business, that would have been the better way.
AS stays the same unless they amend.
Float is now only 1,600,000 !!!
Yippeee! Anyone know if authorized shares is still 850,000,000?
Or does this go down to 5,7000,000 to factor in the 1 for 150 split?
I think the next 30-60 days will be very telling as to their plan. It is time for them to show their cards.
I am optimistic they do have something for us.
Agreed. They better have a lot of material news to justify all of this, otherwise it’ll go right back down to zero.
I imagine they have a plan.
I sure hope they come with a string of positive PRs to propel this upward! And as important a quick approval for NASDAQ uplist!
A SADD day indeed. I thought they said 1:250 but FINRA clearly shows 1:150?
CEAD: effective Feb. 9,2022 a one for 150 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
I feel the timing of this all is well thought out and intentional. . RS and uplisting comes not long before Q4 and full year drops. With a cap less than 9 mil and a great Q this could fair quite well especially if the cannabis sector starts heating up again. CEA is hot right now and could be the perfect storm for some decent gains. I’m optimistic and will add if needed but regardless also playing with only house money now anyway. I’ll be holding this one for a while.
I hate to say it, but RS seems not be looked at as a positive for stock value...need some BIG news!
Friday is RS. Going Nasdaq....got the solicitation call to buy warrants and hear presentation....
Forgot to mention the "Non-Cannabis CEA" part.
You know, vertical farming has been in mainstream discussion going on 10-15 years now, and has really gotten hot in the past 2.
Becoming part of the trend is not how they, or we, get wealthy.
Seeing shit way in advance, is.
This is reminding me too much of INQD. That stupid idiot really blew it, because if he wasn't so abrasive & nuts, he could've evolved into something incredible... instead of jumping on the CBD bandwagon.
Yup, hate to say it, but me too. I will Short the snot out of it.
They have NO business uplisting until/ right before/after, there's a few announced contracts of $4 - $5 million, or a slew of smaller contracts in tandem (Which is about their only ace cards. Maybe someone is holding them close).
Part of me still wants to believe that 2 Cent is some genius who will time this to go at the same time the cannabis sector rebounds, which should be in about 2-3 months.
No date yet. What a surprise. This whole transition has been a total fu.
I can't wait for NASDAQ, if it indeed even happens.
Because I will be shorting the the shit out of it the day it happens and laughing all the way to ZERO, or maybe .01.
I am not aware of the date to up list to NASDAQ. The initial filing (sans details) may be a preliminary part of the process. I did not see anything definite in the documents I scrolled through. Next week would accelerate my timeline.
My preference is a small acquisition or two in the very near term using the currently available outstanding shares. Then, in mid-March, a very positive 2021 year end report. Next, a reverse split. Immediately followed by a favorable event (contract, M/A). Followed in mid June by a VERY positive 1Q report ($3.4mil contract signed in Jan in tow) to alleviate the feared post-split fallout.
More significant M/A's would follow to continue the growth...
The End.
I would assume anyone invested in this co understands the magnitude of the emerging CEA sector. The MJ play was nice, but it shows good vision from leadership to have realized the broader industry they are playing in.
If I may toot my own horn, I saw the transition was inevitable and predictable. Didn't necessarily require a name change, but at least they are announcing to the market they are in the "CEA Industry" and more than just a pot stock.
LONG CEAD
PROOF OR BAN. This is not funny, if it's not real. Some people (myself included) have been with this shit company for 5, 6, 7, 8 years, in the hopes they would actually rocket someday.
They're getting passed by competitors, and this needs to happen now.
Did I miss something? Where did you see that? Thanks
Thanks Bolando!
Always do your own DD!
In the presentation, On "growth strategy" in the contents. Organic Growth is highlighted. Lol.! guess they will delete those words soon.. Or not. Thanks for posting.
Nice, thank you for posting it, "GoodGod"!
Always do your own DD!
Does anybody know when the RS is going into effect? I did not see that anywhere. Maybe Friday?
Same here. I reduced my position significantly for loss because of unpredictability. They could have done this at least at 25 cents All they had to do was more sales. Nasdaq is brutal. Either we get another 50% haircut or massive gain. Only time will tell.
Keeping faith that the plan works. I look forward to my first stock I own that did a RS to actually go up. Many times this is done to stay on the big board after dropping as a desperation move.... to stay on the big board...this is not the case here
Good post, Mortimer!
That's the only way to go, it's to get uplisted on NASDAQ
From ridiculously low Market CAP of 10M, there's only one way from here.
Always do your own DD!
I agree with everyone. I am long. Just frustrated at the moment. Maybe they had to go now due to things in the pipeline that they did not want to waste while still on OTC.
See there….I have adjusted my attitude! Lol
GLTA
I have a very hard time believing they’re hiring all these people, going through the trouble of uplisting, and fundraising just so they can accelerate into disaster. This company can’t get noticed (even when unarguably good news is PR’ed) on the street so a change in venue seems like a good move to me. Plus, in addition to the fiduciary responsibilities, the people that operate this company have a vested, and yet to be vested, interest in the share price.
Remain calm. Hold the line.
The Surna claim is that a reverse split was needed to achieve the vision. Mergers and Acquisitions have been a part of the vision. "In Tony We Trust". Turbulence ahead.
I am not angry that they did the RS. I knew it was coming. I am angry that they went straight for the 1 for 150 RS. That is what cuts deep.
I have been here for 6+ years so I am not going anywhere anytime soon. I accumulated 1 million shares at varying price points over time and am a bit under water due to low SP. Feels like bigger mountain to climb now.
I am disappointed they never made more progress. Hopefully something is in the works soon.
GLTA
So that begs the question:
Based on everything they’re doing right now - raising tens of millions of dollars, uplisting to the Nasdaq where the cost of being a public company is much more expensive, bringing in institutional investors - do they have information yet to be shared?
2.1mil in revenue certainly doesn’t pay for all of the salaries of the people they hired… do they have contracts and revenue coming in they haven’t shared yet? Several multi million dollar contracts, recurring service revenue, selling lights and ancillary products outside of normal contracts… I imagine they have a lot they need to disclose to the public.
Maybe their getting all of this taken care of, as it’s pretty messy, and then opening the gates to a ton of important information that justifies alll of this.
I can't help but reiterate that Surna laid out a plan well over a year ago and has been following it to the T. If you're surprised, then shame on you for not paying attention. I understand the general sentiment that R/S typically don't go well, and as long as it is coming from a place where you understand how the math works on a R/S and that no one is "taking" your shares, I think that's a valid perspective.
Look, this is a hail mary. And the stock needs it. This new management group came in and made a lot of changes. Frankly, they pretty much all look like the changes that needed to be made. Of course I wish they had been able to get to $2 organically but they have also been dropping some great news and the stock hasn't moved much. They're doing exactly what they said they would do. Want to keep watching the stock bleed towards zero while everything else about the company looks awesome? I sure don't. I welcome the intervention.
A friendly reminder that everyone making these decisions at Surna/CEAD has a legal and fiduciary responsibility to shareholders. If you think they've breached it call a lawyer. If not, and you're still unhappy, sell your shares to me and move on. Quit being so emotional about it, it's costing you stress and money.
Thanks for the explanation. I fully understand how an RS works as I have been through a few with other tickers.
What generally seems to happen is after they drastically reduce my share count (is that better?) in exchange for a higher share price, the share price then tanks! It rarely works out where the share price goes up.
This is such a brutal RS ratio that our money could evaporate very quickly!
I have no choice but to hope (not a good strategy) they know what they are doing and they actually have a plan coming out of the gate to grow.
You do understand that no one "took" your shares, right? Like you understand how a R/S works? Or is that the issue?
Me too. If they are doing so well....they don't need to give money away to the shark infested waters of Tutes and Shorters. They needed BIG BIG news to fight off the effect of this major RS.
RS seem to NEVER be positive. I have no choice but to ride it out and hope some profits/ revenue really show up.
Thanks... I gave up too soon.
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http://www.surna.com/
Phone: (303) 997-6050
Fax: (303) 995-2544
1780 55th Street, Suite A
Boulder, CO 80301
STATE OF THE ART GROWING TECHNOLOGY
https://www.youtube.com/watch?v=oiJO3SpbQl4
Our experience serves to provide you with a custom design that you can rely on. Whatever your goals are, we can sit down together and create a solution:
Cultivation Products
Controlled Climate Systems
Controls
Biosecurity
Grow Room Services
MEP Consultants
Engineering
Odor Control
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02-08-2022 SRNA SECURITY DETAILS (OTC Markets - prior to RS)
Market Cap.................9,625,212
Authorized Shares....850,000,000
Outstanding Shares..240,630,294
Restricted....................31,467,874
Unrestricted...............209,162,420
Held at DTC..............192,419,042
Float...........................204,171,194
Note: A 1 for 150 reverse split was executed 2/9/22.
RECENT NEWS:
CEA Industries Announces Pricing of $24 Million Public Offering and Nasdaq Listing Press Release | 02/10/2022
CEA Industries Inc. Announces Reverse Stock Split Effective February 9, 2022 Press Release | 02/08/2022
Surna Cultivation Technologies Announces Leandru Schiau as New Product Manager Press Release | 02/01/2022
CEA Industries Inc. Announces Ticker Symbol Change to “CEAD” on OTCQB Exchange Press Release | 01/24/2022
CEA Industries Inc. Announces Appointment of Two New Board Members Press Release | 01/20/2022
Surna Cultivation Technologies Signs $2.1 Million Contract Press Release | 01/13/2022
CEA Industries Inc. Announces New Senior Vice President of Corporate Development Press Release | 01/11/2022
Surna Cultivation Technologies Signs First Lighting and Benching Contracts Press Release | 01/06/2022
Surna Cultivation Technologies Signs $3.4 Million Contract with Aeriz Holdings Corporation Press Release | 01/04/2022
Surna Cultivation Technologies Becomes Authorized Reseller of Air Sniper Air Sanitization Product Line Press Release | 12/09/2021
Surna Cultivation Technologies Signs First Preventative Maintenance Contracts Press Release | 11/11/2021
Surna Reports Third Quarter 2021 Results Press Release | 11/10/2021
Surna Cultivation Technologies Becomes Authorized Reseller of BVV Neocision™ LED Grow Lights Press Release | 10/14/2021
Surna Cultivation Technologies Announces Benching and Racking Line-up Press Release | 09/29/2021
Surna Cultivation Technologies Introduces VRF Product Line Press Release | 09/02/2021
Surna Reports Second Quarter 2021 Results Press Release | 08/10/2021
Surna Cultivation Technologies Announces Cultivation Facility Architectural Design Services Press Release | 07/29/2021
Surna Reports Second Highest Revenue in its History and Return to Profitability in Preliminary Second Quarter Results Press Release | 07/28/2021
Surna Cultivation Technologies Introduces EnviroPro™ Air Handling Product Family Press Release | 07/14/2021
Surna Cultivation Technologies Announces R. Brian Knaley as New CFO Press Release | 06/29/2021
Surna Cultivation Technologies Introduces Preventative Maintenance Services Press Release | 06/22/2021
Surna Cultivation Technologies Introduces High Efficiency EcoChill™ Heat Recovery Chiller Press Release | 06/08/2021
Surna Reports Q1 2021 Results Press Release | 05/11/2021
Surna Reports Q4 2020 and Full Year Results Press Release | 03/24/2021
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