Interested parties may submit questions to the Company prior to the call by emailing info@ceaindustries.com . 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Use the CB Insights Platform to explore Hydrobuilder Holdings's full profile. Markus and Avi are world class executives who understand how to drive efficiencies and scale enterprises, both organically and through acquisitions. Hydrobuilder Holdings LLC, a recently formed omnichannel seller of hydroponic agricultural products, has acquired Way to Grow, a Fort Collins-headquartered chain of hydroponic and organic gardening The Company was formed in October 2020 and has since acquired six companies that are each market leaders across different sales channels and geographies: GreenCoast, a leading California hydroponics retailer; Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies; Elevated Equipment Supply, a full-service equipment and supplies provider; Way to Grow, a Colorado-based retailer of aeroponic, hydroponic and greenhouse products; Home Grown Ventures, a manufacturer and distributor of a proprietary blend of water-soluble nutrients used for commercial agriculture; and New England Hydroponics, a Northeast-based retailer of lighting, climate control, tools, supplies, nutrients, and growing mediums. Surna Cultivation Technologies (www.surna.com), is an industry leader in CEA facility design and technologies. Gross profit in the third quarter of 2022 was $0.6 million compared to $0.7 million for the same period in 2021. site you are consenting to these choices. About Hydrobuilder Holdings Hydrobuilder Holdings (HBH) was initially formed through the acquisitions of Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies, GreenCoast Hydroponics, the second-largest hydroponics retailer in the United States, and Los Angeles, Calif.-based Elevated Equipment Supply, full-service equipment and supplies provider for the . Hydrobuilder.com has grown to become a leading online retailer of horticultural supplies online. As we look ahead, we plan to continue executing on both our organic and inorganic growth initiatives. The alliance combines the strong architectural expertise, MEP design services, and curated line of HVACD products from Surna with Hydrobuilder Holdings facility programming (layouts) and deep catalogue of related consumables and equipment. CBI websites generally use certain cookies to enable better interactions with our sites and services. The increase was primarily attributed to some recovery in the supply chain that enabled delivery of products with fewer delays. A Hydrobuilder Holdings Company | Hydrobuilder.com is a rapidly growing start up/online retailer consisting of highly motivated, collaborative, passionate, and fun loving, individuals located in . 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. We also share a similar culture of aspiring to be the best place to work for our associates and the best place to shop for our customers. Learn more. Justin, Jordan and their respective teams have built best-in-class companies and have deep domain knowledge. Solidifying this relationship with Hydrobuilder Holdings is a breakthrough achievement for Surna, stated Tony McDonald, Chairman and CEO of CEA Industries Inc.Our combined offering can fully serve our customers with every conceivable service and product they would need to build out or refurbish an indoor cultivation facility. The amount of industry and historical knowledge will allow us to further position ourselves as a leading online retailer of hydroponics equipment and supplies., Jordan Weiss, Chief Executive Officer of GreenCoast Hydroponics, said, We couldnt be more excited to see our business develop and grow into an omni-channel national model. Hydrobuilder Holdings is a leading omnichannel platform with 22 retail locations and 10 warehouses serving the $12.5 billion indoor and outdoor CEA and hydroponics industry, currently focusing on . In addition to the acquisition of New England Hydroponics, the Company recently completed its relocation of Elevated Equipment Supplys flagship Los Angeles location to its new purpose-built and state of the art warehouse in Los Angeles spanning 85,000 square feet of high pile storage, an increase of 25,000 square feet from its legacy 60,000 square foot facility. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. "Strive for the unattainable"<br><br>Achievement driven, adaptable, and innovative person who enjoys working on new method in doing everyday things with minimum restrictions. Contributing original content and curating quality news on only the most promising cannabis companies and the most influential investors. We and our partners store and/or access information on a device, such as cookies and process personal data, such as unique identifiers and standard information sent by a device for personalised ads and content, ad and content measurement, and audience insights, as well as to develop and improve products. Surna Cultivation Technologies ( www.surna.com ), is an industry leader in CEA facility design and technologies. Find out more about how we use your personal data in our privacy policy and cookie policy. About Hydrobuilder Holdings Hydrobuilder Holdings (HBH) was initially formed through the acquisitions of Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies, GreenCoast Hydroponics, the second-largest hydroponics retailer in the United States, and Los Angeles, Calif.-based Elevated Equipment Supply, full-service equipment and supplies provider for the . This is Hydrobuilder Holdings' 1st transaction in the Distribution sector. Copyright 2023 CB Information Services, Inc. All rights reserved. dividendos, dados financeiros, preo da ao e avaliao da empresa num formato visual Who we are. The alliance combines the strong architectural expertise, MEP design services, and curated line of HVACD products from Surna with Hydrobuilder Holdings facility programming (layouts) and deep catalogue of related consumables and equipment. Broadband Capital Investment (BCI) is a boutique merchant bank which invests in high growth industries. Operating expenses in the third quarter of 2022 were $1.7 million compared to $1.2 million for the same period in 2021. our sites and services. This will better integrate and support our customers needs across all of our three pillars: e-commerce, retail and commercial. CEA Industries Inc. Surna Cultivation Technologies LLC and Hydrobuilder Holdings LLC have entered into a non-equity strategic alliance to create a One-Stop-Shop for Cultivation Companies. Atlanta Metropolitan Area Lead the Technology function at Hydrobuilder Holdings focused on creating the first fully integrated Omni . For more information, please visit https://hbhold.com/. ICR The Company was formed in October 2020 and has since acquired six companies that are each market leaders across different sales channels and geographies: GreenCoast, a leading California hydroponics retailer; Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies; Elevated Equipment Supply, a full-service equipment and supplies provider; Way to Grow, a Colorado-based retailer of aeroponic, hydroponic and greenhouse products; Home Grown Ventures, a manufacturer and distributor of a proprietary blend of water-soluble nutrients used for commercial agriculture; and New England Hydroponics, a Northeast-based retailer of lighting, climate control, tools, supplies, nutrients, and growing mediums. The best cannabis industry news sent to your inbox every Sunday. This is Hydrobuilder Holdings' 1st transaction in Washington. I am confident this will not only be of great value to our customers but will be a great source of growth for both our companies. Strategic Expansion to the Northeast Adds Five Locations and Expands Physical Footprint into Seventh and Eighth States. site you are consenting to these choices. our sites and services. Hydrobuilder Holdings is a leading omnichannel platform with 22 retail locations and 9 warehouses serving the $12.5 billion indoor and outdoor CEA industry, including hydroponics, currently . With strong investor support and significant follow-on interest from our investors, we have substantial growth capital to execute our organic and M&A growth strategies, and see significant opportunities to expand these businesses in the rapidly growing hydroponics, specialty gardening and controlled environment agriculture (CEA) markets., Hydrobuilder.com Founder and President, Justin Marshall, commented, Partnering with GreenCoast and joining Hydrobuilder Holdings is a dream come true. Hydrobuilder Holdings is uniquely positioned to provide commercial growers and home gardeners with the highest level of service, product selection, education and value. ET, Surna Cultivation Technologies to Offer Water Treatment Solutions, Surna Cultivation Technologies Partners with Evoqua Water Technologies to Offer Water Treatment Solutions, Registration on or use of this site constitutes acceptance of our. You can read more about your. Surna Cultivation Technologies LLC and Hydrobuilder Holdings LLC have entered into a non-equity strategic alliance to create a One-Stop-Shop for Cultivation Companies We are pleased to have identified such a complementary acquisition in New England Hydroponics and to be expanding our footprint to the Northeast as we enter this fast-growing market. 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. Cory Ziskind Founded in 1999, GreenCoast is a Southern California-based specialty agriculture / hydroponics products retailer and the largest independent retailer of its kind in the United States. November 14, 2022 16:10 ET Their latest acquisition was New England Hydroponics on January 04, 2022. Raphael Gross The Company was formed in October 2020 and has since . Raphael Gross Senior management is known throughout the industry as experts in design of large-scale industrial growing facilities. CEA management will host a conference call today to discuss its financial and operating results, followed by a question-and-answer session. This press release may contain statements of a forward-looking nature relating to future events. For more information, please visit https://hbhold.com/, Media CBI websites generally use certain cookies to enable better interactions with our sites and services. Louisville, Colorado, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Surna Cultivation Technologies LLC, a subsidiary of CEA Industries Inc. (NASDAQ: CEAD), has entered into a non-equity strategic alliance, combining its industry leading controlled environment agriculture (CEA) systems engineering and technologies with Hydrobuilder Holdings expansive commercial-first omnichannel platform. Get the latest business insights from Dun & Bradstreet. 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. CEA Industries Inc. Louisville, Colorado, Nov. 14, 2022 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ: CEAD, CEADW) (CEA Industries or the Company), a leader in controlled environment agriculture (CEA) systems engineering and technologies, is reporting results for the three months ended September 30, 2022. This will better integrate and support our customers needs across all of our three pillars: e-commerce, retail and commercial. 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. Two Greenfield Openings and Two Relocations as Company Executes Growth Strategy. Hydrobuilder Holdings was initially formed through the acquisitions of Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies, GreenCoast Hydroponics, the second-largest hydroponics retailer in the United States, and Los Angeles, California-based Elevated Equipment Supply, full-service equipment and supplies provider for the commercial cultivation and . Hydrobuilder Holdings was initially formed through the acquisitions of Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies, GreenCoast Hydroponics, the second-largest hydroponics retailer in the United States, and Los Angeles, California-based Elevated Equipment Supply, full-service equipment and supplies . 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. We work with facilities of all sizes, from 40 lights to 40,000, from boutique shops to volume producers and everyone in between. Hydrobuilder Holdings will be led by Markus Hockenson, Chief Executive Officer, and Avi Levine, Chief Financial Officer, both of whom bring extensive digital and retail experience, and a proven . PALM BEACH, Fla.--(BUSINESS WIRE)--Hydrobuilder Holdings LLC (Hydrobuilder Holdings or the Company), a leading omnichannel platform serving the indoor and outdoor CEA industry, including hydroponics, today provided a business update on its growth strategy. With strong investor support and significant follow-on interest from our investors, we have substantial growth capital to execute our organic and M&A growth strategies, and see significant opportunities to expand these businesses in the rapidly growing hydroponics, specialty gardening and controlled environment agriculture (CEA) markets. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. About Hydrobuilder Holdings LLCHydrobuilder Holdings is a leading omnichannel platform with 22 retail locations and 10 warehouses serving the $12.5 billion indoor and outdoor CEA and hydroponics industry, currently focusing on the $3.0 billion North American CEA market, and serving the entire spectrum of customers from hobbyists to the largest commercial growers through its online, retail and warehouse direct channels. The Companys quarter-end backlog was $6.8 million compared to $9.9 million for the same period in 2021. Cory Ziskind Relocating Home Grown Ventures from its current facility in Washington State to a new, larger facility in Los Angeles spanning 30,000 square feet, which will allow the Company to meaningfully expand HGVs production capacity. For more information, please visit https://hbhold.com/. Get ahead of the crowd by signing up for420 Investorwhen it becomes available again. GreenCoast is one of the largest specialty agriculture products retailers in the USA. Management Commentary 86% of retail CFD accounts lose money, CEA Industries announces operating cost cuts, layoffs amid macro woes, CEA Industries Inc. Reports Third Quarter 2022 Results, CEA Industries GAAP EPS of -$0.13, revenue of $5.06M, Surna Cultivation Technologies and Hydrobuilder Holdings Announce Strategic Alliance, CEA Industries Inc. to Hold Third Quarter 2022 Conference Call on November 14 at 4:15 p.m. Acquisition Highlights. Hydrobuilder Holdings is a leading omnichannel platform with 22 retail locations and 9 warehouses serving the $12.5 billion indoor and outdoor CEA industry, including hydroponics, currently . Hydrobuilder Holdings brings decades of experience and a broad and deep catalogue of leading cultivation products, and were excited to expand our offerings to include Surnas leading design services and HVACD products. Secures over $70 million in financing from broad base of investors. Shop with our knowledgeable grower support team to find the perfect indoor grow room kit or hydroponics package at the best price online! Complete, all-in-one grow packages and grow tent kits are all available with LED, CMH and HPS grow light options and all kits ship FREE! Every failure, brings us a step closer to another failure, each failure, is a milestone that should teach us . Hydrobuilder Holdings will be led by Markus Hockenson, Chief Executive Officer, and Avi Levine, Chief Financial Officer, both of whom bring extensive digital and retail experience, and a proven track record of driving revenue, earnings growth and value creation at private-equity owned companies. In addition to new greenfield locations, the Company is moving forward with relocation plans that will be operational in Q1 2022: Our continuing mission is to be the leading omnichannel provider of equipment and supplies to the indoor and outdoor CEA industry, including hydroponics. We continue to strategically invest for growth in a disciplined, cash efficient, and high ROI manner. CEA Industries Inc. The strength of our brands, combined with our technical expertise, industry knowledge, and channel coverage will be a . Q3 was highlighted by strong revenue growth on a sequential and year-over-year basis, reflecting both the benefit of our investments in sales and marketing this year and less disruption to our operations from past supply chain issues, said Tony McDonald, Chairman and CEO of CEA Industries Inc. We recently signed contracts with two non-cannabis vertical agriculture companies, which reflects our focus on diversifying the customer base beyond our traditional cannabis customers.

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