Home > Boards > US Listed > Cannabis > CEA Industries Inc. (CEAD)
Followed By 7
Posts 408
Boards Moderated 0
Alias Born 12/22/2009

Wednesday, May 12, 2021 10:25:12 AM

Re: None

Post# of 13627


Surna changes trade name
By DAN MIKA | BizWest Media/Daily Camera
May 11, 2021 at 5:14 p.m.
Surna Inc. (OTCMKTS: SRNA) said it would change its trade name alongside releasing its financial results for the first quarter of 2021.

The Boulder developer of climate-control systems for indoor cannabis growhouses reported $2.4 million in revenue and a net loss of $793,000, compared to revenues of $1.56 million and a loss of $938,000 in the first quarter of 2020.

It had $3.27 million in cash and cash equivalents on hand at the end of March.

Surna also said that it had signed $5.5 million in sales contracts, bringing its total backlog to $11.6 million, the second highest in the company’s history.

Zooming out: Access, equity and opportunity in climbing and beyond
“Unfortunately, our revenues and therefore gross margins were hampered by production and shipping delays from certain vendors, but we are confident that these will be caught up in Q2 and Q3 2021,” CEO Tony McDonald said in a statement.

The company also said that it would change its trade name to Surna Cultivation Technologies, as part of an effort to make it easier for new clients to find the company and add to its organic growth.
Recent CEAD News

FEATURED Splash Beverage Group Reports Record First Quarter 2022 Financial Results. Revenues Increase 86% Year over Year with $4 Million in Gross Sales as Company Signs 12 New or Expanded Distribution Agreements May 16, 2022 8:02 AM

OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Summarizes Its First Quarter of 2022 Disclosure ILUS May 16, 2022 4:00 PM

HNRC ENGAGES INTERCAPITAL ENERGY HNRC May 16, 2022 9:47 AM

Integrated Ventures Reports Q3/2022 Financial Results With Total Revenues Of $1,431,819 And Gross Profit Of $307,492.00. INTV May 16, 2022 9:00 AM

RENAVOTIO, INC. (RIII) Provides Shareholder updates RIII May 13, 2022 3:38 PM

Demand Brands and Truleaf discussing the future of DB's retail footprint DMAN May 13, 2022 3:11 PM

OMID Posts First-Quarter 2022 Financial Statements OMID May 13, 2022 10:00 AM

"VAPR" E-Cite Motors Profiled as AMAZING EV Auto Investment in EV Auto Insider - Above GOOD Tesla, and Those Making its' TERRIBLE Investment List VAPR May 13, 2022 9:49 AM

American Green, Inc. ™ (OTC:ERBB) Board Votes to Exercise its Option to Buy 40,000 square foot "Cypress Chill" Cannabis Building for $3,750,000 ERBB May 13, 2022 8:30 AM

Progressive Care to Report First Quarter Financial Results on May 17, 2022 RXMD May 13, 2022 8:06 AM

Alliance Creative Group (ACGX) Reports Revenue of $2,865,404 for First Quarter of 2022 ACGX May 13, 2022 8:00 AM

Commerce Resources Produces Additional Mixed REC Sample with 22.4% NdPr from the Ashram Deposit, Quebec CCE May 13, 2022 7:30 AM

Demand Brands CEO Letter to Shareholders and The Year Ahead DMAN May 12, 2022 11:32 AM

Branded Legacy, Inc. Adds Multiple New Accounts BLEG May 12, 2022 11:06 AM

Mawson Infrastructure Group Inc. Announces April 2022 Bitcoin Self-Mining, Hosting Co-location and Operational Update MIGI May 12, 2022 9:12 AM

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y