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CEA announced it will hold earnings conference call for the fourth quarter and full year of 2021 on Tuesday, March 29, 2022, beginning at 2:15 p.m. Mountain Time.
It’s always good to have low expectations. Then you’re not disappointed and you are not subject to “loyalty” for a stock.
With that said, CEAD will have a huge year. They got the split and uplisting out of the way, and now have much more exposure in the public market.
They will acquire at least one company this half, and I’m sure will announce many new, large contracts.
What I really want to see is1Q22 results, as the cash from the raise won’t be on the balance sheet until then, and a fresh look at their backlog will be in that report as well.
None of this goes without saying, we may be in for a huge surprise for this report coming next week.
Next financial doesn't matter much whether it is flat or excellent. Important thing to watch is guidance.
Great report, weak guidance - stock will fall.
so so report, excellent guidance - stock will rise.
Since they haven't acquired any company so far, my guess is they won't give any guidance.
$40M - $60M 2022 guidance will be fantastic but I've very low expectation
Yeah I would like to know also. Quick to put this stock down but a lot of people have made some good money based on previous financial statements. This company has shown that they are one to compete. But would really like to see why the next financial statement due Wednesday would be any different.
How much sales to get a buy rating from you? Give us a target. Curious to see what you think they need to be doing on the top line for you to change your tune.
How much sales to get a buy rating from you? Give us a target. Curious to see what you think they need to be doing on the top line for you to change your tune.
You are assuming earnings are going to be positive. It could be more of the same. If earnings in 2021 are about the same as 2020 I wouldn't expect the price to rise at all.
They need a substantial increase in sales to force the price higher, but recent news releases haven't been the most promising. They have been on a news blitz and still have only released news of a little over 5 million in sales in Q4 of 2021 and 2.1 million in sales for Q1 2022. This is right on track with their previous performances. I feel like if they had news of more contracts, they would have released them.
Nothing will change until they can increase sales and they haven't shown even the slightest amount of an increase yet. Until then, the nosedive will continue.
Once earnings are released, analysts will start laying out projections and we should see PPS come up significantly
CEAD
The Board of Directors are getting richer while shareholders get poorer. This is pretty typical for this company.
Ian K. Patel, Citigroup veteran and Wharton MBA , Named CFO
Louisville, Colorado, March 15, 2022 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ: CEAD), a leader in controlled environment agriculture (CEA) systems engineering and technologies, announced today the appointment of Ian K. Patel as Chief Financial Officer and Treasurer of the Company, effective March 11, 2022.
“Ian brings a proven track record of delivering results and accelerating growth, and our Board of Directors and I are thrilled to welcome him to the executive management team,” said Tony McDonald, CEA Industries Chairman and CEO. “Ian’s extensive experience advising and leading organizations in their finance activities will serve our company and our shareholders well.”
Mr. Patel has extensive experience as a financial leader, having held several executive roles in the energy sector and investment companies and spearheading improved processes to their financial models and risk management compliance.
“I am excited to step into the CFO role at CEA Industries to support the company in its continued execution of its strategic plan, to accelerate growth and to deliver value to its shareholders,” said Mr. Patel.
Biographical Details
Ian Patel was most recently the Consultant CFO for Maxwell Financial Labs, Inc., a B2B SAAS mortgage servicer. At Maxwell he advised the company on their accounting and risk management processes, long and short-term financial models and led their capital raising efforts for subsidiary businesses.
Prior to Maxwell, he served as Vice President of Finance, Treasury and Investor Relations for Fourpoint Energy LLC, a $5 billion multi-strategy energy enterprise. At Fourpoint Energy he led finance, planning and risk management.
Before Fourpoint Energy, Mr. Patel served as CFO at True Oil Company, LLC / S&A Resources LLC, a private equity-backed oil and gas company. Prior to True Oil he was Director of Investment Banking at Citigroup Global Energy where he provided strategic advice to energy companies on issues including capital structure, M&A, and debt/equity capital raises.
Other positions Mr. Patel has previously held include Investment Banking Associate for Goldman Sachs & Co., and Corporate Lawyer, Mergers and Acquisition, for Debeovoise & Plimpton, LLP.
Mr. Patel holds an MBA from The Wharton School and a Juris Doctorate from Harvard Law School.
CEA Industries Names Ian Patel CFO
Can’t wait. Think they’ll be good given what’s already been communicated.
The way things are going Id say yes. Someone knows something
CEAD
$CEAD on the move. Should we see Q4/Full year this week?
Exactly. What 2.1mil contract? Oh, must be the one that brought the price back to almost .01 again. LOL
I would go into a rant about manipulation, but no here can hear worth a 5hit.
Can't blame others for profit-taking amidst fear of the 850,000,000-share turd blimp flying above. It needs to be shot down with haste.
What multi million dollar contracts?? Better show some good numbers Q4/full year next week. On the positive side this low floater can still fly on news
https://www.reddit.com/r/Shortsqueeze/comments/tavwot/cead_1million_floatoffering_closed_at_413warrants/
Click on his username and you can see all his $CEAD posts. He's doing the good work!
Can't find it. You have a direct link?
yes, yes indeed, huge interest. I will be however just hibernating now till it reaches $100 one day.
Always do your own DD!
The day traders are here. Look at the yahoo msg board for CEAD and you'll see all the links to their discords.
Here we have a stock with a 1.37M float, 7.42M outstanding shares and today we've traded over 12.6M shares!!!
A day trading range of $1.91 to $2.89- a trader's dream!
yes/ CEA Industries Inc (CEAD)
2.3592 ? 0.3092 (15.08%)
Volume: 9,837,050 @03/10/22 12:46:52 PM EST
Bid Ask Day's Range
2.35 2.36 1.91 - 2.89
CEAD Detailed Quote
Looking strong!
Could be a low float runner.
Surna Cultivation Technologies Signs $2.1 Million Contract
https://www.globenewswire.com/news-release/2022/03/10/2401054/0/en/Surna-Cultivation-Technologies-Signs-2-1-Million-Contract.html
CEA Industries Inc (CEAD)
1.9477 ? -0.1023 (-4.99%)
Volume: 51,544 @03/10/22 9:55:51 AM EST
Bid Ask Day's Range
1.95 1.99 1.91 - 2.13
CEAD Detailed Quote
More contracts, good to see
CEAD $$$$
Nice little rally today. Good to see she can still move easily. Should take off on some good news and/or upcoming Q4
another indoor farming article...
Living Greens Farm, Inc. announces significant expansion
Living Greens Farm, Inc. one of the largest indoor vertical aeroponic farms in the US, expands midwest operations with addition of new innovative indoor facility in Muncie, IN. New facility requires 95% less water and 99% less land than traditional farms. The 200,000 square foot building will produce the equivalent of two million acres of farmland.
http://www.livinggreensfarm.com
FARIBAULT, Minn., March 8, 2022 /PRNewswire/ — Living Greens Farm (LGF), one of the largest indoor vertical aeroponic farms in the US, announced it is expanding its Midwest operations with the addition of a new innovative indoor facility in Muncie, IN, for growing and processing a variety of better tasting leafy green product offerings.
Living Greens Farm, Inc. one of the largest indoor vertical aeroponic farms in the US, expands Midwest operations with addition of new innovative indoor facility in Muncie, IN. New facility requires 95% less water and 99% less land than traditional farms. The 200,000 square foot building will produce the equivalent of two million acres of farmland.
The all-new facility will open in early 2023 and will occupy a 200,000 square foot industrial building built in 2015 but yet to be occupied. The building will be turned into a state-of-the-art, vertical, aeroponic farm ultimately employing approximately 120 people. It will feature automation that helps growers fully realize the inherent natural potential of the crops grown there, while seeding, transplanting, harvesting, processing, and packaging these crops in an efficient, high-speed manner. It will produce the equivalent of two million acres of farmland.
Once the new indoor farm is fully constructed, it will have the capacity to grow and harvest five million pounds of leafy greens each year without the use of pesticides. Additionally, the advanced farming system can produce these nutrient-rich greens using significantly less water than traditional farming methods, saving our planet 103 million gallons per year (the equivalent of 156 Olympic sized pools). This will include a wide variety of great-tasting leafy greens packaged into ready-to-eat bagged greens and salad kits. The Muncie facility will provide fresh leafy greens, from harvest to shelf within 24 hours, to markets as far east as Pittsburgh, north as Detroit, Milwaukee, Kansas City and the Twin Cities, and south to Nashville and Charlotte, and all markets in between.
“The Muncie facility is in an ideal location to take a significant step in our national geographical expansion,” said George Pastrana, CEO of LGF. “It will help us to better supply our current retail partners, such as Walmart, Whole Foods, HyVee, UNFI, and others, as well as allow expansion into additional leading retail and wholesale customers across the Midwest and Midsouth.”
Vertical indoor farming is a growing, but young, industry with indoor production of leafy greens still only approximately five percent of total production in the United States.
“I wish to thank the people of Muncie and Delaware County for the work they put into making this new farm a reality,” added Pastrana. “As we are from a rural town in MN, we quickly came to a mutual realization that Muncie is an environment that will work very well for us.”
“Indiana is leaning into the future of agriculture technology, with company-partners, like Living Greens Farm, choosing to grow next-gen solutions here in the heart of America’s largest commodity crop production region,” said Indiana Secretary of Commerce Brad Chambers. “Living Greens Farm’s investment in Indiana builds momentum in the agtech sector for even more innovation and growth to follow.”
County Commissioner President Sherry Riggin said, “We are so pleased to have the Living Greens Farm investment in Delaware County. Diversification of industry in our community is incredibly important. The leafy greens product is a wonderful addition and we’re happy to welcome them to the county.”
ABOUT LIVING GREENS FARM
Headquartered in Minnesota, Living Greens Farm is one of the largest indoor vertical aeroponic farms in the US. Living Greens Farm produce requires 95 percent less water and 99 percent less land to grow year-round and all products are grown without pesticides or GMOs. Living Greens Farm has a full product line that includes salads, microgreens, and herbs available throughout the Midwest. For more information, please visit http://www.livinggreensfarm.com.
https://www.producebluebook.com/2022/03/08/living-greens-farm-inc-announces-significant-expansion/#
Sammy doing a good job at r/shortsqueeze $CEAD.
Prepare for takeoff!
I’m buying more too
Don't they have around 25M in cash now?; more than double of its current Market CAP?
Always do your own DD!
Same here. Been here for 5 years jumping in and out. Currently averaging down my common share price also. Bargain prices in my opinion
CEAD $$$
Yep. This company is gonna make $ in the long run (I hope). When the reverse split happened I unloaded my entire position that I've held onto since 2014 or so. Sold at .04 or just under.
I have now bought back twice as much at the same price and will go back into sit and hibernate mode.
Ya right... @ .01 pre split.
Still here, accumulating these extremely undervalued shares
Where's the cheerleaders?... Master Yoda and the other turds that were all over this 1 year ago.
Surna Cultivation Technologies Wins its First Complete Design Services Contract
Contract is for combined architectural design and MEP engineering services ( mechanical, electrical and plumbing )
Louisville, Colorado, March 01, 2022 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ: CEAD) subsidiary, Surna Cultivation Technologies LLC, a leader in controlled environment agriculture (CEA) systems engineering and technologies, was awarded a contract for architectural design and MEP engineering services for a 15,000 square foot indoor cultivation facility in Michigan.
Under the contract, Surna will deliver architectural and engineering services for a plan set suitable for permitting, bidding by installing contractors, and inclusive of all required construction details for tender and installation.
“By bringing architecture and engineering under one roof we can ensure a seamless coordination between these two core components of the design process. This means fewer design conflicts, fewer revisions, a more efficient construction process and ultimately a faster time to market,” said Jon Kozlowski, Surna’s Vice President of Sales. “Our objective is to provide the CEA producer with the core elements of a reliable, efficient cultivation and processing operation within a practical budget. This helps our clients have the lowest operational costs possible to stay competitive as the market ebbs and flows, while maximizing workflow efficiencies and revenues associated with production.”
Totally agree. Something’s cooking. Thanks for posting.
The press release yesterday may have far reaching and favorable implications for potential revenue. Below is the press release from January 13 that indicates the MEP services can create potential contracts with value...
Surna Cultivation Technologies Signs $2.1 Million Contract
An Additional Multi-Million Dollar Contract Signed in Second Half of 2021
Louisville, Colorado, Jan. 13, 2022 (GLOBE NEWSWIRE) -- CEA Industries Inc. (OTCQB: SRNA), doing business as Surna Cultivation Technologies, today announced it earned yet another multi-million dollar contract before the close of 2021.
“Today we are pleased to announce a signed contract for $2.1 million with a facility in Maryland,” said Jon Kozlowski, Surna’s Vice President of Sales. “Earlier in 2021, Surna performed the mechanical, electrical, and plumbing (MEP) engineering services for this 37,000 square feet of cultivation space. Thanks to the value added as a result of this work, we have been awarded the HVACD and controls equipment portion of the project.”
This project includes HVACD equipment for the veg, flower, mother, clone, and dry cure rooms, as well as comfort cooling in the office spaces. As part of the HVACD equipment order, Surna is providing its EnviroPro ™ air handlers, IsoStream ® fan coils, Surna by Anden dehumidifiers and humidifiers, boilers, and chillers. The project also includes controls design services and Surna’s proprietary controls system, SentryIQ ® . The SentryIQ system will control the mechanical system, lighting, CO 2 injection , and exhaust/purge systems and intake.
Troy Rippe, Surna Cultivation Technologies Vice President - Operations and Development, stated, “SentryIQ’s sensors, controls and automation platform helps our customers achieve the precision environmental control, energy management, and advanced trending and monitoring required by serious controlled environment agriculture growers. We are confident that combined with Surna’s engineering services, controls design services and HVACD equipment, our customer will be able to efficiently produce high quality, high yield products for years to come.”
About Surna Cultivation Technologies
Growth in engineering contracts tied to expanded product portfolio
Louisville, Colorado, Feb. 24, 2022 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ: CEAD) subsidiary, Surna Cultivation Technologies LLC, a leader in controlled environment agriculture (CEA) systems engineering and technologies, was recently awarded four engineering contracts for indoor farms across the United States.
Tony McDonald, CEA Industries Chairman and CEO stated, “I am proud of how our team continues to execute toward our strategic vision. Our strength comes from every team member’s high expectations for our future.”
Surna has seen an increase in cultivation facility owners’ propensities to work with its engineering teams earlier in their projects. By being involved earlier in the process, Surna’s engineers can provide a holistic system approach guided by the project’s needs and facility constraints. These contracts indicate this correlation, and further validate Surna’s expanded product offerings and strategic initiatives announced last year.
“Historically, cultivators have often decided on a particular manufacturer for their HVAC technology, even before engineering has started,” said Kenneth Loshelder, P.E. , Surna’s Director of Engineering and Field Services. "With more system choices available from a single source through Surna, our clients can freely explore a variety of CEA climate control technology options, working with our engineering team to select the one that best serves their interests."
Recent Contracts
California facility – mechanical and plumbing engineering
Michigan facility – architectural, mechanical, electrical and plumbing engineering
Ohio facility – mechanical engineering
Massachusetts facility – mechanical engineering
About CEA Industries Inc.
CEA Industries Inc. ( www.ceaindustries.com ), is home to industry leaders in controlled environment agriculture, with complementary and adjacent companies added to its portfolio when aligned with the company’s growth initiatives. As the global environment for indoor cultivation continues to grow, CEA Industries was formed to embrace companies that support these ecosystems.
Headquartered in Louisville, Colorado, CEA Industries knows that growth is a team sport. Through future partnerships and mergers and acquisitions, both financial and strategic, CEA Industries will continue its pursuit of companies that bring accretive value to its customers and investors.
About Surna Cultivation Technologies
Surna Cultivation Technologies ( www.surna.com ), is an industry leader in CEA facility design and technologies. We provide full-service licensed architectural and mechanical, electrical, and plumbing (MEP) engineering services, carefully curated HVACD equipment, proprietary controls systems, air sanitization, lighting, and benching and racking products. Our team of project managers, licensed professional architects and engineers, technology and horticulture specialists and systems integrations experts help our customers by precisely designing for their unique applications. Through our partnership with a certified service contractor network, we provide installation and maintenance services to assist in a smooth build-out and optimal facility performance. We have been providing solutions to indoor growers for over 15 years and have served over 800 cultivators with over 200 of them being large, commercial projects.
Headquartered in Louisville, Colorado, we leverage our experience in the industry to bring value-added solutions to our customers that help improve their overall crop quality and yield, optimize energy and water efficiency, and satisfy evolving state and local codes, permitting and regulatory requirements.
Contact :
Jamie English
Vice President, Marketing Communications
jamie.english@surna.com
303.993.5271
TCFIB, right on, I'm accumulating too. This could be $20 very soon!
Always do your own DD!
What’s most interesting is originally, Surna had around $2mil in cash and sales growth, yet was trading around .04.
Now they have over $20mil in cash, more sales growth according to their social media posts about recent contracts, and yet they are trading around .01 pre split, and the O/S even more now is giving us a market cap well below their cash on hand alone.
I am buying here before the market realizes how ridiculously cheap CEAD is right now.
There has been demonstrable sales growth in what is now their Surna subdivision and if they acquire or merge with a couple more Surna similar companies then we’ll be in good shape. At least that’s my hope and my expectation. But who the hell knows…
They should take that money and rebuy right now. Plus get some cheap warrants
Many people think that CEAD is severely undervalued considering cash in hand and market cap. They ignore the market sentiment and the fact that share price is always about future value not the current value. Market sentiment is - company has no growth, not enough cash flow and is going to burn cash in coming months. Share price declines.
Unless company shows solid sales growth, share price will continue to decline.
So is my account balance….very low teens…after having 1 million shares pre-RS.
Something has to be coming but in the meantime absolutely brutal…rugged yanked
I don't remember this, but I remember that they collected over 20M of cash but Market CAP is the teens
Remember a couple of weeks ago right before the split someone sold 500,000 shares for .02? Everyone was like WTF?
Post split as of today those same shares are worth .013...
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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
Installation Support
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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