Industry article - non-cannabis.

Vertical farm files for Chapter 11 protection, CEO departs

Orlando, Fla, April 04, 2023 (GLOBE NEWSWIRE) — Kalera Public Limited Company (“Kalera PLC” or the “Company”) (Nasdaq: KAL), a vertical farming company headquartered in Orlando, Florida, announced today that its wholly-owned and main operating subsidiary, Kalera, Inc. (“Kalera”) has filed a voluntary petition (the “Chapter 11 Case”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) seeking relief under Chapter 11 (“Chapter 11”) of Title 11 of the United States Code (the “Bankruptcy Code”).

BB #: 117489 Canadawide Fruit Wholesalers Inc.
Kalera will continue to operate its business as “debtor-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. Kalera will be filing various “First-Day” motions with the Bankruptcy Court requesting customary relief that will enable Kalera to transition into Chapter 11 without disruption to its ordinary course operations.

Kalera PLC, Kalera S.A. and other subsidiaries including Vindara, Inc. and Iveron Materials, Inc. are not included in the Chapter 11 filing. Kalera intends to use the court-supervised process to evaluate strategic alternatives for Kalera, including a potential sale of Kalera or its assets.

In connection with the filing, Kalera PLC has appointed Mark Shapiro, Senior Managing Director at B. Riley Advisory Services, as Chief Restructuring Officer. Mr. Shapiro will oversee the business and its restructuring process, working to execute on the Company’s business strategy and conduct a value-maximizing sale process. Mr. Shapiro brings deep experience in managing complex financial and operational restructurings, including providing interim management services to preserve and maximize value.

BB #: 375025 Varstar Alliance, Inc.
“The Chapter 11 process will allow Kalera to continue operations and serve its existing customer base while it evaluates strategic alternatives for its business and assets,” said Mark Shapiro, Chief Restructuring Officer for Kalera PLC.

To enable Kalera to continue operations during the reorganization process, Kalera’s existing lender has agreed to provide Kalera with $5.1 million of debtor-in-possession (DIP) financing subject to the satisfaction of certain customary conditions, including the approval of the Bankruptcy Court (which has not been obtained at this time).

Effective as of March 29, 2023, Jim Leighton’s employment with the Company as President and Chief Executive Officer ended, so that Mr. Leighton could pursue other opportunities. Mr. Leighton also resigned as member of the Company’s Board of Directors (the “Board”). The Company’s executive management team, including Austin Martin (Chief Operating Officer), Fernando Cornejo (Chief Financial Officer), Dr. Cristian Toma (Founder and Chief Science Officer), and Leon Lachance (Senior VP of Human Resources) will remain with the Company. The following individuals will remain on the Board: Curtis Williams (Chair of the Board), Robert Arnall, Brent de Jong, Sonny Perdue, and Dr. Cristian Toma.

BB #: 104221 Vena, John, Inc.
Kalera also announced that it has retained the law firm Baker & Hostetler LLP, as legal advisor, and B. Riley Advisory Services, as financial advisor, to assist in the Chapter 11 Case filing, its restructuring and review of all available strategic alternatives. In light of this ongoing review, the Company was not able to file its Annual Report on Form 10-K for the year ended December 31, 2022 by March 31, 2022. At the present time the Company does not have an estimate of when such filing will be made.

On April 14, 2022, Kalera entered into a Loan and Security Agreement (“Loan Agreement”) with Farm Credit of Central Florida, ACA (“Farm Credit”), under which Farm Credit agreed to make (i) revolving loans in an aggregate principal amount of up to $10 million and (ii) one or more term loans in an aggregate principal amount up to $20 million (collectively the “Loans”). On March 21, 2023, Farm Credit informed Kalera that as of the close of business on March 17, 2023, Farm Credit had sold its interest under the Loan Agreement to Sandton Credit Solutions Master Fund V, L.P. (“Sandton”).

The commencement of the Chapter 11 Case constituted an Event of Default that accelerates Kalera’s obligations under the Loan Agreement. The Loan Agreement provides that upon the Chapter 11 Case filing the unpaid principal and interest due under the Loan Agreement are automatically due and payable. However, any efforts to enforce such payment obligations under the Loan Agreement are automatically stayed as a result of the Chapter 11 Case filing, and the creditors’ rights of enforcement in respect of the Loan Agreement are subject to the applicable provisions of the Bankruptcy Code.

Industry article mentions investment in CEA for non-Cannabis segment.

Local Bounti releases 2022 financial results, secures $145MM of additional financing

HAMILTON, Mont., March 29, 2023 /PRNewswire/ — Local Bounti Corporation BB #:368695, a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that it secured a total of up to $145 million of new financing across two sources – the first through an amendment to its credit facility agreements with Cargill Financial Services International, Inc.; and the second, a sale-leaseback deal with an internally managed net-lease real estate investment trust. The combined financing supports Local Bounti’s growth plans and immediate efforts to increase production to meet accelerating demand for the Company’s products.

BB #: 117489 Canadawide Fruit Wholesalers Inc.
Kathleen Valiasek, CFO of Local Bounti commented, “We are very pleased with the outcome of these transactions and the support they provide for Local Bounti’s growth ambitions. We remain laser focused on identifying opportunities where we can utilize our flexible Stack & Flow Technology to deliver improved yields to meet the robust demand for locally grown and sustainable produce that we are seeing across our industry-leading distribution footprint.”

On March 28, 2023, Local Bounti entered into an amendment to its existing credit agreements with Cargill to expand the facility from $170 million to up to $280 million per the terms and conditions of the agreement, including capital to fund construction at the Company’s facilities in Georgia, Texas and Washington, subject to certain conditions. In consideration for the improved flexibility and the expanded size of the facility, Local Bounti issued Cargill 5-year warrants to purchase up to 69.6 million shares of common stock with a per share exercise price of $1 per share, representing more than a 100% premium to Local Bounti’s current stock price.

Local Bounti also entered into an agreement with an internally managed net-lease real estate investment trust for the sale-leaseback of its two facilities located in Carpinteria and Oxnard, California for approximately $35 million. The closing of the sale-leaseback transaction is subject to customary closing conditions and is expected in the second quarter of 2023.

BB #: 375025 Varstar Alliance, Inc.
Full Year 2022 Financial Results

Local Bounti today announced its financial results for the three and twelve months ended December 31, 2022 and provided sales guidance for full year 2023.

Craig Hurlbert, Co-CEO of Local Bounti, stated, “2022 marked our first full year as a public company, complete with several important milestones. We made significant advancements in the refinement and productivity of our Stack & Flow Technology, which continues to underpin our business model with a capital efficient tool to enhance crop turns and maximize return on investment across a variety of CEA approaches. Beyond our greenfield expansions, this technology affords us flexibility to establish greater scale quickly through strategic acquisitions — which we demonstrated with our Pete’s transaction where we are integrating our technology to further improve upon the productivity of those assets. With our distribution reach, which surpasses 10,000 doors, and our growing capacity that is improving by the day, we have also attracted new partnerships and expanded others — most notably with the offtake agreement with Sam’s Club for our leafy greens production. Together, our integrated team is driving synergies across our Company while also driving the business forward with new product development.”

BB #: 104221 Vena, John, Inc.
Mr. Hurlbert added, “Looking ahead to 2023, we are poised to complete our Georgia and Texas facilities and our Washington facility in 2024. Further, we continue to push forward our other projects with the resources provided by today’s announcement of the new financings. With this additional capital, we believe that we have the funding required to drive the business to positive adjusted EBITDA.”

Full Year 2022 Financial Summary

Sales of $19.5 million in 2022, as compared to $0.6 million in the prior year period.
Gross profit was $2.2 million in 2022. Adjusted gross margin percentage1 was approximately 38%, excluding depreciation, stock-based compensation, business combination related costs, and other non-recurring items.
Net loss was $111.1 million in 2022 as compared to net loss of $56.1 million for the prior year period. Adjusted EBITDA[1] loss was $29.8 million, which excludes $39.2 million in stock-based compensation, $16.7 million in interest expense, $10.4 million of depreciation and amortization, fair value inventory adjustment of $1.0 million, business combination and integration costs of $10.1 million, restructuring costs of $1.1 million, $2.6 million of loss on disposal of fixed assets, utilities price spike and inclement weather related costs of $0.4 million, and other discrete items. Adjusted EBITDA loss in the prior year period was $17.8 million.
BB #: 104793 Schwartz, Ben B., & Sons, Inc.

[1]See reconciliation of the non-GAAP measures at the end of this press release.

Commercial Facility Expansion Update

Byron, Georgia Facility Phase 1-A, 1-B and 1-C Progress
The Company completed its first “Stack” vertical zone in the fourth quarter, as part of its of Stack & Flow Technology implementation, and is producing product in Phase 1-A. Construction of Phase 1-B is progressing and the Company now expects completion of this phase early in the second quarter of 2023. Following Phase 1-B completion, the site’s greenhouse footprint will be established and ready to integrate the complementary Stack zones that comprise Phase 1-C.

Construction Commences on “Stack” integration at Georgia Facility
Georgia facility Phase 1-C construction has commenced, which reflects the integration of its vertical “Stack” component of the facility architecture. The Company now expects this work to be completed and operational early in the fourth quarter of 2023, following some weather induced construction delays. The Company’s Stack & Flow Technology is expected to add approximately 40% of incremental revenue generating capacity to the finished Georgia facility, which will be comprised of six acres of greenhouses and multiple climate, water, and spectral controlled Stack zones.

Construction Underway at Mount Pleasant, Texas Facility
In early January 2023, the Company started construction of the six-acre facility, which will leverage Local Bounti’s proprietary Stack & Flow Technology™ to grow and sell its indoor grown line of packaged leafy greens. Varieties will include spring mix, butter lettuce, romaine crisp, green leaf, and additional blends. The addition of the new facility in northeast Texas is expected to fortify Local Bounti’s distribution in markets across Texas, Oklahoma, Louisiana, Mississippi, Arkansas, Kansas, and Missouri. Further, the facility is designed to provide additional capacity to meet existing demand from Local Bounti’s direct relationships with blue-chip retailers and distributors throughout the region. The facility is expected to commence operations in the fourth quarter of 2023.

Pasco, Washington Facility Progress
The Pasco, Washington facility continues to progress with anticipated completion in first quarter 2024, which reflects the Company’s decision to stagger construction to accommodate the commissioning of its Texas facility in the fourth quarter of 2023. The Washington facility will be comprised of multiple Stack zones and three acres of greenhouse.

SKU Development

In January 2023, Local Bounti successfully launched its chef-inspired Asian Style Chicken Lettuce Wrap Kit, a restaurant-quality meal solution that is prepared at home in about 5 minutes, at 194 Sprouts Farmers Markets locations in California and Arizona. Local Bounti’s new Asian Style Chicken Lettuce Wrap Kit featuring fully cooked, white meat chicken, mushrooms, carrots and green onions in a tangy stir fry sauce, represents the Company’s entry into the ‘Heat and Eat’ category.

Capital Structure

The Company ended the quarter with cash, cash equivalents and restricted cash of $24.9 million and approximately $29.1 million of undrawn capacity on its credit facility with Cargill Financial Services International, Inc. Local Bounti had approximately 103.7 million shares outstanding as of December 31, 2022, and had an additional 11.5 million warrants outstanding and approximately 9.5 million restricted stock units outstanding. As of December 31, 2022, including these warrants and restricted stock units, the Company had a fully diluted share count of approximately 124.7 million shares outstanding.

Secures Additional Financing to Support Growth
Today, the Company secured up to $145 million of additional financing from two sources to support its current growth plans. The first component of this financing is an agreement to expand Local Bounti’s existing credit facility with Cargill by up to $110 million per the terms and conditions of the agreement to a total of $280 million. This expansion provides capital to fund construction at its facilities in Georgia, Texas and Washington. The second component of the financing is an agreement with an internally managed net-lease real estate investment trust for the sale-leaseback of Local Bounti’s two facilities located in California for approximately $35 million. Additional details regarding the terms of these agreements can be found in the concurrent press release issued this morning and in the Company’s Form 10-K for the year ended December 31, 2022 to be filed later this week. Following this additional amendment and the closing of the sale-leaseback transaction, which is subject to customary closing conditions and is expected in the second quarter of 2023, the Company expects to add $50 million to its balance sheet for use in its operations. Additionally, the Company has also received term sheets from a licensed United States Department of Agriculture (USDA) lender that the Company intends to utilize in due course for its Washington and Texas facilities, which is expected to reduce the Company’s use of construction financing by approximately $80 million and lower its cost of capital.

Financial Outlook

Management is providing its full year 2023 sales guidance of $34 to $40 million, which approximates its expected production from its Montana, California and Georgia (Phase 1-A and 1-B) facilities, but excludes the expected future positive impact from additional capacity following its Stack implementation at the Georgia facility.

About Local Bounti

Local Bounti is redefining indoor farming with an innovative method – its proprietary Stack & Flow Technology™ – that significantly improves crop turns, increases output and improves unit economics. Local Bounti operates advanced indoor growing facilities across the United States, servicing over 10,000 retail doors with its two brands: Local Bounti® and Pete’s®. Local Bounti grows healthy food utilizing a hybrid approach that integrates the best attributes of controlled environment agriculture with natural elements. Local Bounti’s sustainable growing methods are better for the planet, using 90% less land and 90% less water than conventional farming methods. With a mission to ‘bring our farm to your kitchen in the fewest food miles possible,’ Local Bounti’s food is fresher, more nutritious, and lasts longer than traditional agriculture. To find out more, visit localbounti.com or follow Local Bounti on LinkedIn for the latest news and developments.

Looking For The Cheapest Cannabis Stocks (Transcript)
SA Analysis
<account@seekingalpha.com>

transcript from the podcast. Interview with Alan Brochstein who has participated in CEAD conference calls in the past. Below is the portion of the podcast that mentions CEAD...

RS: Yeah, it's all relative, it's all relative. So speaking about, operational or striving for operational excellence? Do you see share repurchases coming anytime soon to the industry?

AB: No, not, not anytime soon, I think, so when you talk about the industry, I should be careful. The industry is bigger than the MSOs, which we seem to be talking about. And so there are some companies that have a lot of cash. But the ones I'm thinking of, they're not. And their stocks are cheap, but they're like one stock. I'm not going to say it because it's against Seeking Alpha's rules. I wrote a blog on it. I originally written that as an article, but this company is trading on the NASDAQ. And it's really cheap, but I don't think they can buy their shares back because the market cap is so low, and they need to get better liquidity. So buying share back…

RS: You can talk about them on this podcast.

AB: So CEA Industries (NASDAQ:CEAD). And people can read my blog about it. The stock went down a lot after I wrote it in December. And now it's right back to where I wrote it. I just added to it a little bit lower than now. But I love their valuation. And I just wrote a piece for my records on why I still like it. But so that's an example of one that could, but for the most part, capital is tight right now. The industry is not doing well right now. And when I say the industry, I mean not only MSOs, but we're talking about ancillaries, which were really cheap.

later in the podcast...
So like CEA that I mentioned earlier, no debt, lots of cash. Cash -- trading below cash is a good deal, I think. But it doesn't necessarily work out all the time. It may not be the best deal...

Third Q bookings appeared to be negligible. RSX Enterprises, founded a year and a half ago by a board member, has not delivered on the 18 month sales cycle outlined previously.

Third Q booking conversions were favorable. However, no sales entering pipeline in third q is alarming. 4th Q needs to show massive improvement or more dilution will follow.

Only hope is this from conference call transcript:

In October, we signed a contract with one of Merida's Connecticut-based clients to provide a suite of HVA systems that include our EnviroPro Air Handlers as well as heat recovery fan coils, dehumidifiers and circulating fans. Our partnership with Merida has quickly materialized with new business, and we look forward to continue growing this relationship as it presents a high-quality, high conversion sales channel for our business.

Time for a letter to the shareholders. The questions pre-submitted for the conference call were from shareholders that were asking for some vision into the future. Tony dismissed those questions with non-answers. Shareholders deserve more.

It’s done dipping, right?

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/#

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.”

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

another indoor farming article...

Big plans for 2022: Three new farms, a rebranding and introduction of new products
“Building the business is becoming easier with every farm that we open. We brought farms online in Atlanta and Houston towards the end of last year, and are soon going live in Seattle and Minnesota,” says Henner Schwarz, Kalera’s CCO.

After closing out 2021 with the acquisition of vertical farming company &ever and the opening of farms in Atlanta and Houston, Kalera is positioning itself to bring even more farms online in 2022 and beyond.

“By the end of 2021, we had three farms in the US and one in Kuwait. By the end of 2022, we’ll have nine farms in total by adding two farms in the US and one in Singapore,” says Henner. “By the end of 2023, we’ll have 16 farms. Then 26 farms by 2024, 38 farms by 2025 and 47 farms by 2026.”

Rebranding and enhanced sustainability ahead
In addition to its expansion plans, Kalera is planning a brand relaunch to reintroduce itself to the market as much has changed since the company was established. This initiative will also include the introduction of additional sustainable technologies such as new approaches to packaging.

“In Germany, we’re using packaging materials that are fully biodegradable and starch-based. We need to convince retailers that it is time to work with these technologies,” says Henner.

New regions breed new varietal possibilities
As Henner explains, expanding into new regions pushes Kalera to expand its product portfolio to meet the local demands. With its impending opening in Singapore, the company is looking to include stronger tasting varieties into its production such as mustard mixes, arugula and Asian greens. Kalera has been trialing numerous varieties to ensure that all newly built farms can hit the ground running.

Overall, Kalera is planning to move beyond leafy greens to include baby leaf, cut leaf and strawberries. Technology will play an increasingly important role for Kalera, which comes naturally following the acquisition of &ever in 2021.

“Kalera is all about providing a clean and affordable product by being very efficient in our processes and using optimized seeds to have optimized vertical farming. We are really optimizing for taste, while also seeing a 15-25% increase in yield,” explains Henner.

For more information:
Megan McCarl, Media contact

https://www.freshplaza.com/article/9401795/big-plans-for-2022-three-new-farms-a-rebranding-and-introduction-of-new-products/


Kalera AS to Acquire &ever GmbH to Form a Global Leader in the Vertical Farming Industry
Transformational Acquisition Creating A World Leader in Vertical Farming
August 11, 2021 01:30 ET | Source: Kalera

ORLANDO, Fla., Aug. 11, 2021 (GLOBE NEWSWIRE) -- Kalera AS (Euronext Growth Oslo: KAL, Bloomberg: KSLLF), one of the fastest-growing and largest vertical farming companies in the world, announces today that it has entered into a share purchase agreement for the acquisition of all shares in &ever GmbH, a global leader in baby leaf indoor farming, for a total consideration reflecting an enterprise value for &ever GmbH of EUR 130 million on a cash and debt free basis as of 1 July 2021. The consideration will consist of a combination of cash and Kalera shares. Under the terms of the agreement, &ever GmbH shareholders will receive EUR 21.6 million in cash and 27,856,081 Kalera shares at a subscription price of NOK 36.68.

The cash consideration will be financed through a debt facility provided by DNB or by other financing sources available to Kalera. Kalera shareholders will own an 87% stake in the combined company, while current &ever GmbH shareholders will own 13%, on a fully-diluted basis.

&ever is a vertical farm company headquartered in Germany with operations in the Middle East, Asia and Europe. The acquisition will transform Kalera into a global vertical farming leader, accelerating its plans for international growth and broadening its product line to include several cut leaf baby greens in high demand.

The company will be wholly owned by Kalera AS upon closing of the transaction. &ever GmbH will be renamed to Kalera GmbH.

Leading Technology and Capabilities for Baby Leaf Production

Founded in 2015 to grow select baby leaf produce and herbs including spinach, kale, endive, arugula, watercress, cilantro and bok choy, &ever has developed a proprietary approach for seeding, germination, propagation, harvesting, and delivery of fresh baby leaf products that optimize the entire production cycle through unique growing methods and technologies.

&ever has operations in Europe, Asia, and the Middle East and has designed production facilities of various sizes, ranging from small scale installations to mega-farms. Large-scale installations or mega-farms allow for mass scale production of baby leaf greens in facilities that can be built in less than 10-months and that can produce up to 1,500 MT of produce per year.

&ever has a large-scale farm in Kuwait that is currently in ramp-up phase, built in partnership with NOX Management. A second mega-farm is under construction in Singapore with support from a major competitive government grant and is expected to start operations during Q1 2022.

Small scale production facilities include an on-site Grow Box® for small retail stores and an on-site Grow Tower® for larger retail stores allowing the company to grow on-site in a local grocery store.

In addition, the company has unique growth solutions that include Dryponics® and Bestponics®, which are exclusive to &ever and expand the existing alternatives for growing leafy greens. Additional capabilities include advanced climate cells for perfect climate conditions for each product and an automated intra-farm bench movement system that significantly reduces operating expenses for high volume/short cycle growing methods, developed in partnership with German engineering firms Viessmann and Kardex Mlog, and Italy-based Modula.

Transformational Acquisition Creating a World Leader in Vertical Farming

"With Kalera’s farms in North America and &ever’s operations in Asia, the Middle East and Europe, we will jointly revolutionize the global vegetable production industry and further expand our market leadership in vertical farming,” says Daniel Malechuk, CEO of Kalera. “In addition, we see &ever's climate cell technology and their high degree of automation as excellent additions to our advanced nutrient management system, which will further increase the productivity of our production facilities."

“From the beginning, our vision has been to offer communities worldwide hyperlocal high-quality salads and herbs year-round. Together with Kalera, we have now come a big step closer to this goal,” says Dr. Henner Schwarz, CEO of &ever who will serve as Managing Director of EMEA and Asia for the combined entity. "We share very similar visions, core values, and goals and are eager to immediately begin the integration of the companies together."

“The merger is an important milestone for the global future of vertical farming. We are very much looking forward to the next steps with &ever as a new, stronger Kalera,” says Daniel Malechuk who will serve as CEO of the combined company. “This acquisition, combined with our previous acquisition of Vindara, the only seed company dedicated specifically for controlled environment agriculture, continues to complement and accelerate Kalera’s now global industry-leading position.”

The Largest Portfolio of Indoor Farming Systems

Through the combination with &ever’s existing portfolio of vertical farms, Kalera will own the largest portfolio of farming systems from small in-store or on-property farms to mega-farms, allowing Kalera to serve all market segments through a full spectrum of indoor farming systems that require low CAPEX and can deliver all products ranging from baby leaf, full head, cut leaf, or teen leaf to serve all segments and customer preferences.

Ability to Produce the Full Array of Leafy Green Products from Whole-Head to Baby Leaf

The indoor farming industry has been highly fragmented into different product segments between microgreens, baby leaf, cut leaf, teen leaf, and full head. Kalera will become the only company with capabilities to serve every segment within the leafy green industry solidifying Kalera’s position as the overall indoor farming market leader. This will provide retailers and foodservice customers with a single source to serve all their leafy green needs, a value proposition in the marketplace that no other company has been able to offer until now.

Accelerate Global Expansion

Kalera will accelerate its international rollout plan with the addition of two international facilities and a strong pipeline of opportunities especially in the Middle East and Asia. The &ever facility in Kuwait is a partnership with NOX Management, an investment arm of IFA Group, an owner of food markets, restaurant chains, retail chains, and food distributors. The &ever farm in Singapore is under construction and will launch operations by the end of Q1 2022. These two farms will become Kalera’s first international operations accelerating Kalera’s rollout schedule. Additional rapid international expansion at strategic locations throughout Asia, Middle East, and Europe, will be driven by Kalera’s and &ever’s combined business plan with an ability to offer the widest product portfolio to customers.

World-class Management Team to Join Kalera

&ever’s management team will join Kalera to strengthen Kalera’s international business development initiatives and operational capabilities. In addition, one member of &ever’s Board will join Kalera’s Board, adding to a team of world-class professionals that will help to drive the company’s future.

Technology and Partnerships are Highly Complementary

With &ever, Kalera adds grow technologies and strong German engineering partnerships. Kalera’s best-in-class hydroponic grow systems have been used to-date for growing whole-head lettuce and microgreens, whereas Dryponics® and Bestponics® technology is more flexible and productive for growing baby leaf including certain product varieties such as spinach and arugula. &ever’s technology also allow for a more effective offering of smaller in-store growing systems. These technologies can be combined to produce a wider variety of products with maximum efficiency. &ever’s partnerships with Viessmann and Kardex Mlog, and Modula add outstanding expertise in climate control and in-farm bench movement systems, respectively.

Transaction Terms

Under the terms of the agreement, &ever GmbH shareholders will receive EUR 21.6 million in cash and 27,856,081 Kalera shares at a subscription price of NOK 36.68. The consideration shares will be subject to a twelve-month lock-up after closing except for management who will be subject to a three-year lock-up.

The cash consideration will be financed through a debt facility provided by DNB or by other financing sources available to Kalera.

Kalera shareholders will own an 87% stake in the combined company, while current &ever GmbH shareholders will own 13%, on a fully-diluted basis.

By continuing to own shares of the combined company, &ever GmbH shareholders will have the opportunity to participate in the enlarged Kalera’s long-term value creation potential.

The current &ever shareholders will propose Faisal Al-Meshal as a new Kalera Board member and Dr. Klaus Bader as an observer to the Kalera Board, both to be proposed for election at a Kalera general meeting. The election is expected to take effect upon completion of the contemplated merger between Kalera and the new Luxembourg parent for the group, which has previously been announced. In the period between completion of the &ever acquisition and such merger, Faisal Al-Meshal and Dr. Klaus Bader will be invited to participate in Kalera Board meetings.

Up to 2.2 million Kalera share options will be granted to &ever management in connection with the transaction. The options will have a strike price of NOK 36 and will vest over four years with the following schedule: 0% at the end of year one, 25% at the end of year two, 25% at the end of year three, and 50% at the end of year four.

The transaction is subject to customary closing conditions, including a resolution of the Kalera general meeting to issue the consideration shares to the &ever shareholders.

It is expected that the transaction will be completed by the end of September 2021.

A presentation about the acquisition is attached here and is also available at the Kalera's website, www.kalera.com/investor.

About &ever:

&ever is a German indoor vertical farming company that combines technologies from the fields of software, mechanical engineering and agriculture. &ever has been represented on the global market since 2015 and operates a large vertical farming facility in Kuwait, in addition to in-store grow-towers in Germany. It is also currently constructing a mega-facility in Singapore. The company's focus is on building sustainable farms in cities around the world to provide more and more people with better tasting lettuce with higher nutrient content at the same time. The patented cultivation systems from &ever are easily scalable in shape and size so that indoor vertical farms of various sizes can be operated anywhere in the world, regardless of local climatic conditions. More information is available at www.and-ever.com.

About Kalera:

Kalera is an American vertical farming company based in Orlando, Florida. The company uses technology to ensure that more people around the world have access to the freshest, most nutritious, and cleanest products possible. It has spent several years optimizing plant nutrient formulas and developing an advanced automation and data acquisition system with Internet of Things, cloud, big data analytics and artificial intelligence. Kalera currently operates farms in Orlando, Florida, and Atlanta, Georgia. Kalera’s Houston, Texas farm will open soon, and the company has plans to open more farms in the US and also in both the Middle-East and Asia in the coming months. More information is available at www.kalera.com.

The reverse split blues have been humming the refrain for months (if not years). Based on public information below is what we know;

Third Quarter Report - announced Nov 10
Q3 Revenue - $3.7 million
Q3 Bookings - $5.6 million (near record)
Q3 Backlog - $9.9 million

Fourth Quarter - announced no later than Mar 31
Q4 Revenue - convert Q3 Backlog of $9.9 mil (need $5.6 mil to reach $15.0 for 2021 which was the target)
Q4 Bookings - ??? will include 1) Preventative Maintenance contract - Nov 11 PR, 2) $2.1 mil contract -Jan 13 PR
Q4 Backlog - ??? will include bookings. Needs to exceed 3Q $9.9 mil to show growth.

First Quarter - announced no later than May 16
Q1 Revenue – convert the (hopefully) impressive Q4 backlog. Preventative Maintenance contract promotes recurring revenue.
Q1 Bookings - will include 1) $3.4 mil contract -Jan 4 PR, 2) first Lighting/Benching contract.
Q1 Backlog – Improve over Q4 backlog?

ADDITIONAL PERSONNEL
Thu Apr 15th, 2021
Surna Announces Representative Agreement with RSX Enterprises

Tue Jun 29th, 2021
Surna Cultivation Technologies Announces R. Brian Knaley as New CFO

Tue Jan 11th, 2022
CEA Industries Inc. Announces New Senior Vice President of Corporate Development

Thu Jan 20th, 2022
CEA Industries Inc. Announces Appointment of Two New Board Members

Tue Feb 1st, 2022
Surna Cultivation Technologies Announces Leandru Schiau as New Product Manager

PORTFOLIO ENHANCEMENT
Mar 16, 2021 Surna Inc. Announces Strategic Partnership with Anden

May 04, 2021 Surna Announces New Organic Growth Strategy (below)

Jun 08, 2021 Surna Cultivation Technologies Introduces High Efficiency EcoChill™ Heat Recovery Chiller

Jun 22, 2021 Surna Cultivation Technologies Introduces Preventative Maintenance Services

Jul 14, 2021 Surna Cultivation Technologies Introduces EnviroPro™ Air Handling Product Family

Jul 29, 2021 Surna Cultivation Technologies Announces Cultivation Facility Architectural Design Services

Sep 02, 2021 Surna Cultivation Technologies Introduces VRF Product Line

Wed Sep 29th, 2021
• Surna Cultivation Technologies Announces Benching and Racking Line-up

Thu Oct 14th, 2021
• Surna Cultivation Technologies Becomes Authorized Reseller of BVV Neocision(TM) LED Grow Lights

Thu Dec 9th, 2021
• Surna Cultivation Technologies Becomes Authorized Reseller of Air Sniper Air Sanitization Product Line

REVENUE
Thu Nov 11th, 2021
• Surna Cultivation Technologies Signs First Preventative Maintenance Contracts

Tue Jan 4th, 2022
Surna Cultivation Technologies Signs $3.4 Million Contract with Aeriz Holdings Corporation

Thu Jan 6th, 2022
Surna Cultivation Technologies Signs First Lighting and Benching Contracts

Thu Jan 13th, 2022
Surna Cultivation Technologies Signs $2.1 Million Contract

What this company needs is the perfect cheer! In lieu of that, here is a wrap up of press releases that may help lift shareholders' spirits and get through those dreaded post-split blues.

ADDITIONAL MANAGEMENT
Thu Apr 15th, 2021
Surna Announces Representative Agreement with RSX Enterprises

Tue Jun 29th, 2021
Surna Cultivation Technologies Announces R. Brian Knaley as New CFO

Tue Jan 11th, 2022
CEA Industries Inc. Announces New Senior Vice President of Corporate Development

Thu Jan 20th, 2022
CEA Industries Inc. Announces Appointment of Two New Board Members

Tue Feb 1st, 2022
Surna Cultivation Technologies Announces Leandru Schiau as New Product Manager

PORTFOLIO ENHANCEMENT
Mar 16, 2021 Surna Inc. Announces Strategic Partnership with Anden

Apr 15, 2021 Surna Announces Representative Agreement with RSX Enterprises (below)

May 04, 2021 Surna Announces New Organic Growth Strategy (below)

Jun 08, 2021 Surna Cultivation Technologies Introduces High Efficiency EcoChill™ Heat Recovery Chiller

Jun 22, 2021 Surna Cultivation Technologies Introduces Preventative Maintenance Services

Jul 14, 2021 Surna Cultivation Technologies Introduces EnviroPro™ Air Handling Product Family

Jul 29, 2021 Surna Cultivation Technologies Announces Cultivation Facility Architectural Design Services

Sep 02, 2021 Surna Cultivation Technologies Introduces VRF Product Line

Wed Sep 29th, 2021
• Surna Cultivation Technologies Announces Benching and Racking Line-up

Thu Oct 14th, 2021
• Surna Cultivation Technologies Becomes Authorized Reseller of BVV Neocision(TM) LED Grow Lights

Thu Nov 11th, 2021
• Surna Cultivation Technologies Signs First Preventative Maintenance Contracts

Thu Dec 9th, 2021
• Surna Cultivation Technologies Becomes Authorized Reseller of Air Sniper Air Sanitization Product Line

REVENUE
Thu Nov 11th, 2021
Surna Cultivation Technologies Signs First Preventative Maintenance
Contracts

Tue Jan 4th, 2022
Surna Cultivation Technologies Signs $3.4 Million Contract with Aeriz Holdings Corporation

Thu Jan 6th, 2022
Surna Cultivation Technologies Signs First Lighting and Benching Contracts

Tue Jan 11th, 2022
CEA Industries Inc. Announces New Senior Vice President of Corporate Development

Thu Jan 13th, 2022
Surna Cultivation Technologies Signs $2.1 Million Contract

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.

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.

updated presentation on the website.

https://ir.ceaindustries.com/wp-content/uploads/2022/02/CEA-Investor-Presentation-2.1.21.pdf

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.

Nunaka - I went to the website and clicked on the most recent filing. using WORD. It is very long so it may take a while.

As CEAD is currently configured, how does it meet the requirements to uplist to NASDAQ?

My brief google search =

Nasdaq Uplisting: Four Rules To Follow
If a company wants to get uplisted, here are four important rules to follow.
• Rule # 1: For getting uplisted, you must have a minimum of “1,250,000 publicly trades shares outstanding” on the listing. This shouldn’t include shares which are held by the directors or officers of the company. Moreover, beneficial owners of more than 10% of the company stock are also excluded in this minimum number of shares traded of a company to get listed on the exchange.
• Rule #2: If the regular bid price of the shares of a company’s stock are listed at a price of at least $4.00 a share, it can get listed. However, an exception is, if the closing price is $2.00 or $3.00. Ifthe company is meeting different requirements of getting listed, it can still get uplisted.
• Rule #3: If a company wants to get uplisted, they’d need to have at least three or four market makers. Companies who are using the $2 or $3 criteria at stock value will require just two market makers. Another condition for uplisting is that the company must meet certain corporate governance rules such 5250, 5605, 5605 and others to get uplisted.
• Rule #4: Finally, another condition for Nasdaq uplisting is that companies should have at least 100 shares or more shareholders, with at least 2,200 total shareholders or 550 total shareholders. This has to be with 1.1 million average trading volumes in the last 12 months.
As of 2020, a company must be paying at least a $25,000 application fee before its stock can be on the listing. Once it’s successfully on the list, it can pay $150,000 to $295,000. To get uplisted, you must follow the rules. Aside from the rules above, there are some standards to follow also.

new filing from Jan 31...

Reverse Split; Authorized Capital

In order to obtain NASDAQ listing approval we effected a 1 for 150 reverse split of our common stock on January 27, 2022.

Also, on January 27, 2022, we adjusted our authorized capital to permit us to issue up to 200,000,000 shares of common stock and up to 25,000,000 shares of preferred stock.

https://app.quotemedia.com/data/downloadFiling?webmasterId=104338&ref=116409175&type=HTML&symbol=CEAD&companyName=CEA+Industries+Inc&formType=S-1%2FA&formDescription=%5BAmend%5D+General+form+for+registration+of+securities+under+the+Securities+Act+of+1933&dateFiled=2022-01-31&CK=1482541

Surna Cultivation Technologies Announces Leandru Schiau as New Product Manager
9:15 AM ET 2/1/22 | GlobeNewswire

Surna Cultivation Technologies Announces Leandru Schiau as New Product Manager

Growth Strategy Execution at Heart of New Hire

Louisville, Colorado, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Surna Cultivation Technologies LLC, a leader in controlled environment agriculture (CEA) systems engineering and technologies and a subsidiary of CEA Industries Inc. (OTCQB: CEAD), hired Leandru Schiau as Product Manager. Mr. Schiau brings over a decade of experience building and leading product development for several global organizations.

"Surna Cultivation Technologies has been introducing new products and services at a breakneck speed as we aggressively execute on our strategic plan announced last year," said Jamie English, Vice President of Marketing. "To continue delivering on our growth strategy, we are thrilled to have a seasoned product development manager such as Leandru join us. With Mr. Schiau on staff, we are confident we can continue delivering new offerings that help in the build-out of highly efficient and profitable grow environments for our customers."

In his previous role as Senior Product Manager at Cirris Inc., Mr. Schiau was responsible for setting the company's hardware and software strategy and vision by developing close relationships with cross functional teams and ensuring the products met customer needs through research and voice of customer.

Prior to Cirris, Mr. Schiau was Senior Product Manager at Emerson Automation Solutions where he was responsible for developing business cases for new products within the Switchbox product line and for developing detailed product specifications to improve product positioning.

In his role at Surna, Mr. Schiau will be responsible for product strategy and vision, including voice of the customer, market trends, product training, and successful new product launches.

Square Roots, Gordon Food Service open indoor farm in Wisconsin
January 26, 2022 - General News

First harvests are scheduled for spring 2022, reaching local consumers in Kenosha and the broader Chicago and Milwaukee metropolitan areas

January 26, 2022 (Kenosha, WI) — Square Roots, the technology leader in indoor farming, and Gordon Food Service BB #:100172, one of the largest food distributors in North America, today announced the opening of a new climate-controlled, indoor farm in Kenosha, Wisconsin.


“Our partnership with Gordon Food Service, combined with our modular, smart-farm platform, means we can rapidly deploy new indoor farms in strategically located cities like Kenosha,” said Tobias Peggs, Co-Founder and CEO of Square Roots.

“We are also able to create exciting jobs in the community, while making locally-grown food available, all year round, to new consumers in nearby Chicago and Milwaukee, significantly expanding our reach in the Midwest.”

“This new farm in Kenosha also accelerates our shared vision to build indoor farms together across the continent,” said Rich Wolowski, CEO of Gordon Food Service. “Together with Square Roots, Gordon Food Service is enabling local food at a global scale, meeting increased demand for produce that is fresher, responsibly grown, and traceable from seed to shelf.”

Kenosha will be home to the fourth Square Roots farm located in North America, and the largest farm the company has built to date. The farm has the capacity to produce more than 2.4 million packages of herbs and leafy greens annually. Square Roots already operates two commercial-scale indoor farms in Michigan and another in Brooklyn, New York.

The new farm in Kenosha harnesses Square Roots’ smart-farm technology platform and software-controlled hydroponic growing systems to produce more food with fewer resources 365 days a year, regardless of outdoor weather conditions.

Square Roots’ approach uses 95% less water than conventional field farms and features repurposed urban infrastructure — creating ideal growing climates inside refurbished upcycled shipping containers that are stacked vertically to reduce the company’s impact on the land. By deploying a network of local farms in cities like Kenosha, Square Roots also ensures a shorter supply chain and less distance between people and their food, reducing food miles and minimizing food waste.

Square Roots farmers in Kenosha will soon be harvesting long-lasting herbs such as basil, cilantro, dill, and parsley, alongside nutritious salad mixes and chef-favorite microgreens. All Square Roots produce has at least 14 days of extended shelf life and is completely free of pesticides and GMOs.

Square Roots has recruited locally in Kenosha with the aim of opening new pathways for more young people to enter the high-tech agriculture industry. The company offers extensive ongoing training opportunities for employees, in addition to full benefits, ownership in Square Roots, and accelerated career paths to propel professional growth.

?ABOUT SQUARE ROOTS
Square Roots is the technology leader in indoor farming with a mission to responsibly bring its locally grown food to people in cities around the world, all year round. Square Roots is setting new standards for transparency and responsibility, while empowering a new generation of leaders in agriculture working to create a more sustainable food system. Founded by serial entrepreneurs, Kimbal Musk and Tobias Peggs, its range of fresh produce is available in more than 250 retail locations around the country including Whole Foods Market, FreshDirect, Fresh Thyme Market, Meijer’s market format stores, Morton Williams, Busch’s Fresh Food Market, SpartanNash corporate stores, and Gordon Food Service Stores. Square Roots’ strategic partnership with Gordon Food Service reinforces a larger shared ambition to build commercial-scale, climate-controlled indoor farms together across the continent – enabling local food at a global scale, year round. For more information, please visit www.squarerootsgrow.com.

https://www.producebluebook.com/2022/01/26/square-roots-gordon-food-service-open-indoor-farm-in-wisconsin/?utm_source=Robly.com&utm_medium=email&utm_campaign=Produce+Reporter+01252022&utm_content=d757c6cc022d5db6b79ea1b731cb27fb

“Our farms can be sited anywhere, allowing us to put fresh fruits, greens and vegetables on shelf at all times, at speed, for maximum freshness,” Plenty CEO Arama Kukutai said in the release. “This is a game-changer for the agritech industry.”

Walmart invests in indoor vertical grower Plenty

By AMY SOWDER January 25, 2022
In what could be the first move of its kind for a massive retailer, Walmart is investing in an indoor vertical leafy greens grower: Plenty Unlimited Inc., based in South San Francisco.

Bentonville, Ark.-based Walmart’s equity investment is part of a $400 million Series E funding round that’s still subject to a regulatory approval and is part of a broader strategic partnership to use this technology to deliver fresh produce to Walmart retail stores, according to a news release.

Walmart will also join Plenty’s board of directors.


The long-term commercial agreement allows Walmart to source Plenty’s leafy greens for all its California stores from Plenty’s Compton farm starting later in 2022. Walmart is the first large U.S. retailer to significantly invest in vertical farming, according to the release.

“We believe Plenty is a proven leader in a new era of agriculture, one that offers pesticide-free, peak-flavor produce to shoppers every day of the year,” Walmart U.S. Chief Merchandising Officer Charles Redfield said in the release. “This partnership not only accelerates agricultural innovation, but reinforces our commitment to sustainability, by delivering a new category of fresh that is good for people and the planet.”

Learn more about salad vegetables.

Plenty’s indoor farming architecture combines engineering, software and sustainable crop science to grow multiple crops on one platform — fast. With many U.S patents, this proprietary tech focuses on efficient use of water and land. Also, by building farms closer to the consumer, Plenty helps reduce transportation and food waste, keeping items fresher for longer in 100% recyclable product packaging.

Vertical farming can supplement traditional farming practices to help increase food supply and alleviate current challenges on the food system in a sustainable way.plenty vertical indoor leafy greens grower in CA
“Our farms can be sited anywhere, allowing us to put fresh fruits, greens and vegetables on shelf at all times, at speed, for maximum freshness,” Plenty CEO Arama Kukutai said in the release. “This is a game-changer for the agritech industry.”


Walmart has about 10,500 stores and clubs under 48 banners in 24 countries and eCommerce websites. With fiscal year 2021 revenue of $559 billion, Walmart employs 2.2 million associates worldwide.

Besides Plenty's California headquarters, the company operates an indoor plant science research facility in Laramie, Wyo. Also, Plenty is building a vertical, indoor farm in Compton, Calif.

https://www.thepacker.com/news/retail/walmart-invests-indoor-vertical-grower-plenty?mkt_tok=ODQzLVlHQi03OTMAAAGCNeSZNYlbEh60NWb6M0gkS1qh8Cu4Nft3Z8sJWwYDugqG2Z-9wQ2PuU4cnQ8Ed5bVhJ8LEjjZJk0D_4g8QBiD33koPeu_MYtldzRd4A5BFei0-j4gZg

https://www.energytech.com/energy-efficiency/article/21213208/surna-providing-energy-efficiency-chp-and-hvac-services-for-california-cannabis-project

Article about Surna's $3.4 million dollar contract with Aeriz gets some print at energytech.com

ENERGY EFFICIENCY
Surna providing Energy Efficiency, CHP and HVAC services for California Cannabis project
Jan. 5, 2022

Aeriz Holdings Corp.’s new 96,000-square-feet cultivation facility in Riverbank will utilize combined heat and power (CHP) generation for on-site electricity
Rod Walton
Chiller bank. Image courtesy Surna


A Colorado-based design and energy efficiency firm has signed a $3.4 million contact to provide engineering, controls and heating and cooling services for a cannabis aeroponic cultivation facility being developed in California.

Surna Cultivation Technologies will work on Aeriz Holdings Corp.’s new 96,000-square-feet cultivation facility in Riverbank, delivering building development, energy efficiency and HVAC services. Surna has worked with Aeriz on earlier cultivation plant projects in Arizona and Illinois.

The Riverbank project will utilize combined heat and power (CHP) generation for on-site electricity. The CHP power plant, also called cogeneration, will deliver both electricity and thermal energy on-site to improve energy efficiency and provide process heat at the site.

“The project includes Surna’s mechanical engineering services, controls design services and HVACD equipment for the veg, flower, and wet and dry cure rooms,” said Jon Kozlowski, Surna’s vice president of sles. “We are excited to work with a client for whom operating costs and efficiency gains are a priority and to have an engineering team that understands and can manage the complex engineering associated with this design.”

Surna is incorporating the waste heat produced by the CHP plant into its mechanical design, resulting in substantial waste reduction in parallel with energy efficiency gains. As part of the HVACD equipment order, Surna is providing fan coils, boilers, air handling units and chillers.

“At Aeriz, it’s important to us to cultivate top of the line products, while managing operating costs and continuously improving. Working with Surna ensures that our cultivation climate is well-controlled, which helps us to guarantee the high quality we are known for,” said David Thomas, CEO at Aeriz. “We are also confident that Surna’s engineering expertise has improved our opportunities to continue to drive down operating costs with the incorporation of CHP into the mechanical design.

Surna’s design will include the controls of the mechanical system, lighting, CO2, and irrigation. The firm has provided engineering, controls and energy efficiency services to more than 800 cultivators nationwide, with a fourth of those being larger, commercial operations.

Aeriz grows aeroponic cannabis for sale. Using the aeroponic method (with roots grown indoors and suspended in the air while nutrients are delivered via a mist), the company has cultivated more than 94,000 cannabis plants, according to its website.

2022 has been about growth and new clients for Surna (see in red below)...

Mar 16, 2021 Surna Inc. Announces Strategic Partnership with Anden

Apr 15, 2021 Surna Announces Representative Agreement with RSX Enterprises (below)

May 04, 2021 Surna Announces New Organic Growth Strategy (below)

Jun 08, 2021 Surna Cultivation Technologies Introduces High Efficiency EcoChill™ Heat Recovery Chiller

Jun 22, 2021 Surna Cultivation Technologies Introduces Preventative Maintenance Services

Jul 14, 2021 Surna Cultivation Technologies Introduces EnviroPro™ Air Handling Product Family

Jul 29, 2021 Surna Cultivation Technologies Announces Cultivation Facility Architectural Design Services

Sep 02, 2021 Surna Cultivation Technologies Introduces VRF Product Line

Wed Sep 29th, 2021
• Surna Cultivation Technologies Announces Benching and Racking Line-up

Thu Oct 14th, 2021
• Surna Cultivation Technologies Becomes Authorized Reseller of BVV Neocision(TM) LED Grow Lights

Thu Nov 11th, 2021
• Surna Cultivation Technologies Signs First Preventative Maintenance Contracts

Thu Dec 9th, 2021
• Surna Cultivation Technologies Becomes Authorized Reseller of Air Sniper Air Sanitization Product Line

Tue Jan 4th, 2022
Surna Cultivation Technologies Signs $3.4 Million Contract with Aeriz Holdings Corporation

Thu Jan 6th, 2022
Surna Cultivation Technologies Signs First Lighting and Benching Contracts

Tue Jan 11th, 2022
CEA Industries Inc. Announces New Senior Vice President of Corporate Development

Thu Jan 13th, 2022
Surna Cultivation Technologies Signs $2.1 Million Contract

interesting video from Jan 7...

Welcome back from the holidays - we've been up to some exciting things ??
11 views 7 Jan 2022

https://investchronicle.com/2022/01/12/cea-industries-srna-is-getting-interesting/

CEA Industries (SRNA) Is Getting Interesting
• By Staff
• January 12, 2022

CEA Industries Inc (OTC:SRNA) surged up 5.23% to $0.0463 at the yesterdays close. The volume of SRNA stock was 198.68K in contrast with its Average Weekly volume of 406.32K. SRNA stock surged spiked after addition of an executive to its management team.

Whom SRNA has selected?________________________________________

CEA Industries carrying on with work as Surna Inc is home to industry pioneers in controlled climate agribusiness, with reciprocal and nearby organizations added to its portfolio when lined up with the organization’s development drives. As the worldwide climate for indoor development keeps on developing, SRNA was shaped to accept organizations that help these environments.

Settled in Louisville, Colorado, SRNA is a demonstrated forerunner in controlled climate agribusiness as it realizes that development is a group activity. Through future organizations and consolidations and acquisitions, both monetary and vital, SRNA will proceed with its quest for organizations that carry accretive worth to its clients and financial backers.

CEA Industries yesterday declared the appointment of Ryan Gift as Senior Vice President of Corporate Development of the Company, from this point forward. Mr Gift is a prepared M&A chief with north of 15 years of initiative experience.

• Mr Gift will be expecting authority of SRNA’s corporate advancement drives as the organization keeps on executing on its recently reported key development plans.
• Mr Gift has over 15 years of moderate involvement with consolidations and acquisitions, modern assembling, project the executives, business development, and designing.
• He was most as of late M&A Manager – North America at Alfa Laval, a main worldwide provider of items and answers for heat move, partition, and liquid taking care of.
• Mr Gift holds a Joint Executive MBA from Columbia Business School and London Business School and a BS in Construction Engineering and Management from Purdue University.
• Mr Gift’s type will assist SRNA with accomplishing its objectives yet considerably more noteworthy degrees of progress.
• For SRNA, the new arrangement will make prompt commitments to the Company’s development through distinguishing likely organizations, consolidations and acquisitions.
• SRNA was as of late granted agreements for both lighting and sidelining items from an office in Cheboygan, Michigan.
• At beginning of this current month, SRNA declared its sidelining and racking item presenting in September and furthermore disclosed its organization with BVV Neocision to offer their minimal expense, excellent LED lights in October.
Where SRNA is heading to?

The speed at which CEA Industries (SRNA) had the option to change new items in its portfolio over to dynamic ventures was not quick enough however the group keeps on executing on the item and administration drives SRNA declared in its essential update in May. SRNA will introduce the lights in the offices Veg and Mother Rooms and will controlled them through custom link tackles. The sidelining contract SRNA has won was for 2-level and 3-level portable file racking, just as 3' x 20' fixed and 5' x 40' rhythmic movement seats.

CEA Industries Inc. Announces New Senior Vice President of Corporate Development
CEA Industries Inc. (GLOBE NEWSWIRE) 1 hr ago


Names Ryan Giftto CEA Industries Management Team

Louisville, Colorado, Jan. 11, 2022 (GLOBE NEWSWIRE) -- CEA Industries Inc. (the “Company”) (OTCQB: SRNA), a leader in controlled environment agriculture (CEA) systems engineering and technologies, announced today the appointment of Ryan Gift as Senior Vice President of Corporate Development of the Company, effective immediately. Mr. Gift is a seasoned M&A executive with over 15 years of leadership experience.

“We are delighted to announce that Ryan will be assuming leadership of our corporate development initiatives as we continue to execute on our previously announced strategic growth plans,” said Tony McDonald, CEA Industries CEO. “I’m excited to have an executive of Ryan’s caliber to help CEA Industries achieve even greater levels of success.” Ryan adds, “I am very pleased to join CEA Industries at such a pivotal moment, where attractive market tailwinds and new innovations are leading the world to modernize its approach to farming. The CEA Industries team has established a solid foundation to build upon and I very much look forward to adding my energy to that effort.”

Biographical Details

Mr. Gift has more than 15 years of progressive experience in mergers and acquisitions, industrial manufacturing, project management, commercial construction, and engineering. He was most recently M&A Manager – North America at Alfa Laval, a leading global supplier of products & solutions for heat transfer, separation, and fluid handling. In this role, he was responsible for leading all corporate development activities such as mergers, acquisitions, investments/joint ventures, divestments, or strategic partnerships for North American headquartered companies across all three divisions and fourteen business units.

Prior to this role, Mr. Gift joined Alfa Laval in 2012 as part of an acquired company, where he was a project manager responsible for capital equipment supply contracts in water & wastewater treatment equipment. As part of the subsequent post-acquisition integration planning, in 2014 he took over responsibility for the acquired company’s global aftermarket/service business and the related integration activities.

Mr. Gift has held prior positions with Hensel Phelps Construction Company, where he worked on a major hospital project in Houston, Texas, and Matt Construction Corporation in Los Angeles, California, where he gained key experience in commercial general contracting.

Mr. Gift holds a Joint Executive MBA from Columbia Business School & London Business School and a BS in Construction Engineering & Management from Purdue University.


CEO Tony McDonald added “We believe Ryan will make immediate contributions to the Company’s growth through identifying potential partnerships, mergers and acquisitions.”

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, doing business as Surna Cultivation Technologies, a proven leader in controlled environment agriculture, 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.

Forward Looking Statements

This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect our current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release, including the factors set forth in “Risk Factors” set forth in our annual and quarterly reports filed with the Securities and Exchange Commission (“SEC”), and subsequent filings with the SEC. Please refer to our SEC filings for a more detailed discussion of the risks and uncertainties associated with our business, including but not limited to the risks and uncertainties associated with our business prospects and the prospects of our existing and prospective customers; the inherent uncertainty of product development; regulatory, legislative and judicial developments, especially those related to changes in, and the enforcement of, cannabis laws; increasing competitive pressures in our industry; and relationships with our customers and suppliers. Except as required by the federal securities laws, we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. The reference to CEA Industries website has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

Jamie English Vice President, Marketing Communications jamie.english@surna.com (303) 993-5271

https://www.kulr8.com/news/money/cea-industries-inc-announces-new-senior-vice-president-of-corporate-development/article_75be3624-15b6-5dcf-ab5b-ed639d024ea6.html

Go to CEA Industries website; https://ceaindustries.com/
Move cursor to the “Business Solutions” tab and let the menu drop down. Then, click on “Surna Cultivations Technologies”. Note in the drop down menu how there is room for additional entities…
You will get re-directed to the Surna Website: https://surna.com/
Move the cursor to “Cultivation Solutions”.
Scroll down to “Products and Equipment”.
Select “LED Lights For Cultivation” to view new Neocision lighting products
Next, Move the cursor to “Cultivations Solutions”.
Scroll down to Products and Equipment”
Select “Air Sanitization” to view new Air Sniper products.
Now move the cursor to “About” tab and let the menu drop down.
Scroll down to “Projects Completed” and click.
Most projects refer to engineering design and a two-pipe fan or four pipe fan coils. I assume those are older projects. Other completed projects include Sentry controls which were added to the Surna product line in 2019. Still others include dehumidifiers which may indicate they are from late 2021.
https://surna.com/projects-completed/
PS. This is old news I believe but worth noting…
https://surna.com/cultivation-solutions/grow-room-hvac-equipment/ecochill-chillers/
Surna is also a proud partner of Trane, a partnership that provides medium-large sized cultivation facilities with up to 130 tons per unit of precision cooling.

2022, so far, so good. Surna still has the reverse split blues but the New Year is playing out as if it was scripted... next quarterly filing due no later than Wed Mar 31st. Backlog was $9.9 million at the end of the 3rd Q. 4th Q revenue for 2020 was $3.4 million. The pipeline appears to be full and robust news is on the way.

Re-post #13050, Sep 6 2021...
Surna is entering the stretch run for 2021. 3Q report due no later than Mon Nov 15. Does Surna's share price still have the "reverse split blues"?
The 2Q results were lackluster in my opinion. Revenue was strong and the pipeline/backlong remains robust but bookings were week.
At the same time, Surna has been actively pursuing new revenue streams through the product portfolio buildout.
A list of press releases that indicate there may be a breakout sales contract at any time.

Surna Cultivation Technologies Signs First Lighting and Benching Contracts
Surna Cultivation Technologies Signs First Lighting and Benching Contracts Rapidly Converts New Product Offering to Orders, Executes on Strategic Plan...
GlobeNewswire
Jan 6, 2022, 9:15 AM ET
Surna Cultivation Technologies Signs $3.4 Million Contract with Aeriz Holdings Corporation
Surna Cultivation Technologies Signs $3.4 Million Contract with Aeriz Holdings Corporation Signed Contract is one of the Largest in Surna's History Lo...
GlobeNewswire
Jan 4, 2022, 10:42 AM ET

About Aeriz

Aeriz is the largest multistate aeroponic cannabis operator in the United States, with a mission to grow and produce the cleanest cannabis products available.

With operations in Arizona, Illinois, and California, Aeriz is thrilled to serve both medical and recreational consumers nationwide. Learn more about Aeriz at aeriz.com.

JANUARY 4, 2022 - 7:42 AM PST
Surna Cultivation Technologies Signs $3.4 Million Contract with Aeriz Holdings Corporation
Signed Contract is one of the Largest in Surna’s History
Louisville, Colorado, Jan. 04, 2022 (GLOBE NEWSWIRE) -- CEA Industries Inc. (OTCQB: SRNA), doing business as Surna Cultivation Technologies, today announced it has signed one of the largest contracts in its history.

“After working with Aeriz Holdings Corporation, a large, multi-state operator, on projects in Arizona and Illinois, Surna is delighted to be a part of their most recent facility in California. Today we are happy to announce a signed contract for $3.4 million with them for their 96,000 square feet cultivation facility in Riverbank,” said Jon Kozlowski, Surna’s Vice President of Sales. “The project includes Surna’s mechanical engineering services, controls design services and HVACD equipment for the veg, flower, and wet and dry cure rooms. We are excited to work with a client for whom operating costs and efficiency gains are a priority and to have an engineering team that understands and can manage the complex engineering associated with this design.”

This project utilizes combined heat and power (CHP) for onsite power generation. CHP (also known as cogeneration) produces both electricity and thermal energy on-site, replacing or supplementing electricity provided from the local utility and fuel that would be required from a boiler, significantly improving energy efficiency. Surna is incorporating the waste heat produced by the CHP plant into its mechanical design, resulting in substantial waste reduction in parallel with energy efficiency gains. As part of the HVACD equipment order, Surna is providing fan coils, boilers, air handling units and chillers. Surna’s controls design will include the controls of the mechanical system, lighting, CO 2, and irrigation.

“At Aeriz, it’s important to us to cultivate top of the line products, while managing operating costs and continuously improving. Working with Surna ensures that our cultivation climate is well-controlled, which helps us to guarantee the high quality we are known for,” said David Thomas, CEO at Aeriz. “We are also confident that Surna’s engineering expertise has improved our opportunities to continue to drive down operating costs with the incorporation of CHP into the mechanical design. Aeriz is committed to sustainability and energy efficiency, and we are thrilled that CHP will help reduce our footprint. We’re very excited about our new facility in Riverbank.”

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.

About Aeriz

Aeriz is the largest multistate aeroponic cannabis operator in the United States, with a mission to grow and produce the cleanest cannabis products available.

With operations in Arizona, Illinois, and California, Aeriz is thrilled to serve both medical and recreational consumers nationwide. Learn more about Aeriz at aeriz.com .

Contact :
Jamie English
Vice President, Marketing Communications
jamie.english@surna.com
303.993.5271

from page 54 of the Dec 15 filing. Acquisition candidates?

Product Solutions: VAR of Cultivation and Environmental Control Products

Some of the technologies required in CEA facilities are non-proprietary and widely available, thus making it difficult to earn strong margins on resale of these products. Products like pumps, valves, piping, etc. are commodities within the HVAC industry. However, we add value by selecting, providing and integrating these products into our customer’s projects.

We offer the following CEA-specific products as a reseller from trusted suppliers, for example: (i) lighting - we have partnered with a third party to offer energy efficient, cost competitive LED lighting products at attractive margins; and (ii) benching and racking - we offer benching and racking products via a partnership with a well-respected and widely used third party manufacturer.

During this stretch run SRNA has been laying more railroad tracks since post #13050 from September 6th. Below are the press releases starting in March that are additive. The ones in red show continued building since 9/6.

Mar 16, 2021 Surna Inc. Announces Strategic Partnership with Anden

Apr 15, 2021 Surna Announces Representative Agreement with RSX Enterprises (below)

May 04, 2021 Surna Announces New Organic Growth Strategy (below)

Jun 08, 2021 Surna Cultivation Technologies Introduces High Efficiency EcoChill™ Heat Recovery Chiller

Jun 22, 2021 Surna Cultivation Technologies Introduces Preventative Maintenance Services

Jul 14, 2021 Surna Cultivation Technologies Introduces EnviroPro™ Air Handling Product Family

Jul 29, 2021 Surna Cultivation Technologies Announces Cultivation Facility Architectural Design Services

Sep 02, 2021 Surna Cultivation Technologies Introduces VRF Product Line

Wed Sep 29th, 2021
• Surna Cultivation Technologies Announces Benching and Racking Line-up

Thu Oct 14th, 2021
• Surna Cultivation Technologies Becomes Authorized Reseller of BVV Neocision(TM) LED Grow Lights

Thu Nov 11th, 2021
• Surna Cultivation Technologies Signs First Preventative Maintenance Contracts

Thu Dec 9th, 2021
• Surna Cultivation Technologies Becomes Authorized Reseller of Air Sniper Air Sanitization Product Line

re-post from Oct 11th. It may be a very rough week...

Surna has the reverse split blues. There is no reason to buy. The actions on Sep28-Oxr01 indicate the funds are in place for the well-documented pending additional revenue. Whether through merger, acquisition or otherwise there is pending growth.

Surna shareholders are at the "in Tony We Trust" mode. With growth comes dilution and being a shareholder is a spectator sport right now. There are missing numerators when determining whether Surna is a BUY. No one knows except Tony.

The reasons to sell remain equally murky.

But if a tax payment is due and one needs cash, Surna is an easy one to liquidate. Too bad.

https://ceaindustries.com/

Check out post 1286 from Mar 2015...

Surna changes corporate name to CEA Industries Inc.
By TOMMY WOOD | BizWest Media/Prairie Mountain Publishing
PUBLISHED: November 22, 2021 at 5:01 p.m. | UPDATED: November 22, 2021 at 5:02 p.m.

Surna Cultivation Technologies (OTCMKTS: SRNA) has changed its corporate name to CEA Industries Inc. from Surna Inc., according to documents filed last week with the Securities and Exchange Commission.

The company did not change its trade name or branding.

Surna is a controlled environment agriculture engineering firm that specializes in the cannabis industry.

"CEA Industries" is generic but that is very good from my point of view. It is all-encompassing. For new clients (and investors) the generic name has more value. CEA Industries is much more descriptive than Surna.

I am wondering if the name change is an initial signal of a Nasdaq application. Call letters? CEAI is taken. Maybe CEAG? Timing?