On the cusp of being delisted from the Nasdaq, how do we feel about the Q3 results?
242 followers on this thread have been silent since the uplisting back in February. Please weigh in on how you feel about the last 3-4 quarters.
2022 Revenue to date is 9M+, no major contracts, several partnerships but nothing but lackluster sales. The company has been an embarrassment since the admin change back in early 2018 ... watching the valuation of SRNA deplete to less than a penny (pre-split).
What happened to diversifying the tech into the urban farming future, obviously embraced strategically when SRNA transitioned to CEA...??
The execs have failed to act on leveraging their growth, having 20M + in the bank, and (thankfully) no debt. They are months behind the 8-ball.
Supply chain issues continue to be an excuse and slow progress on expanding into vertical (non-canabis) farming continues, which is the future, with eco-aggressive energy/water dynamics in play. Expansion into Mexico, Canada, overseas regardless of the roadblocks?? They augmented their sales staff but have not yet delivered on basic growth.
Carrier, Trane and others would seize on their tech, if the prevailing shadow of fed status vanished but that's not happening for another year or so. In the interim, they must lead the charge, be the innovator and make themselves the leader. Highly unlikely unless someone sees something we all don't.
A new admin needs to take over this company and kick to the curb the entire board. No vision, no initiative, no value, and most importantly no desire to win.
