Net bookings in the third quarter of 2022 were $2.2 million compared to $5.6 million in the year-ago period. Senior management is known throughout the industry as experts in design of large-scale industrial growing facilities. Raphael.Gross@icrinc.com, Internet Explorer presents a security risk. Atlanta Metropolitan Area Lead the Technology function at Hydrobuilder Holdings focused on creating the first fully integrated Omni . Hydrobuilder Holdings LLC ("Hydrobuilder Holdings" or "the Company") a leading omni-channel retailer of specialty agriculture and hydroponics equipment and supplies, today announced the . 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. You can read more about your. The management team previously helped Build.com grow to over $1 billion in sales, and has built Hydrobuilder.com into a complete online hydroponic gardening center that is known for having the top product lines, a fast, user-friendly website and knowledgeable employees. By continuing to use this site you are consenting to these choices. "Hydrobuilder Holdings brings decades of experience and a broad and deep catalogue of leading cultivation products, and we're excited to expand our offerings to include Surna's leading design services and HVACD products. The increase was primarily driven by higher selling, general and administrative expenses in support of organic and inorganic growth initiatives, and an increase in advertising and marketing expenses. We purpose-built our omnichannel platform with strategic acquisitions in California, and have since expanded to Colorado with our acquisition of Way to Grow, and are now expanding our commercial warehouse direct business to Michigan and our hybrid retail model to Oklahoma. Some additional pics from the last nights photo shoot. We are excited by this opportunity and we look forward to building a leading company in this space.. I am looking forward to continuing on with the Company and could not be more excited about what this partnership means for our team going forward, said Ethan Holmes, Founder of New England Hydroponics. The technology behind the business increases automation and saves time which leads to cost savings for the customer. We are serving a nascent but fast growing end market and our customers are in need of a local supply chain partner who can offer a suite of products and services to solve problems and add value. Have a confidential news tip? 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 . Learn more. Hydrobuilder Holdings (HBH) was initially formed through the acquisitions of , a leading online retailer of hydroponics and horticultural supplies, GreenCoast Hydroponics, the second-largest hydroponics retailer in the United States, and Los A . Consume less // Produce more Here are some before and after shots of the #greenhouse I've been developing! Osingot, taloustiedot, osakekurssi ja yrityksen arvo visuaalisessa muodossa 203-682-8253 Surna Cultivation Technologies and Hydrobuilder Holdings Announce Strategic Alliance, Surna and Hydrobuilder Holdings LLC have entered into a non-equity strategic alliance to create a One-Stop-Shop for Cultivation Companies. Their latest acquisition was New England Hydroponics on January 04, 2022. Although we are proud of our sales growth, we acknowledge that the macro environment continues to present challenges as we work through a prolonged inflationary environment and certain residual supply chain headwinds. Mr. Hockenson previously served as President and Chief Executive Officer of International Car Wash Group and Vision Group Holdings, and has served in leadership positions at Enterprise Rent-a-Car, Starbucks, Advance Auto Parts, and TBC Corporation (Tire Kingdom). This is Hydrobuilder Holdings' 4th transaction in the United States. 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. Hydrobuilder Holdings secured over $70 million in financing from a broad group of investors, led by Broadband Capital Investments. 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. Learn more about us and our commitment to excellence. Raphael Gross 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. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. 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. 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. About Surna Cultivation Technologies 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 . The Hydrobuilder Holdings family of companies can support every size commercial operation. 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. Cash and cash equivalents were $21.1 million on September 30, 2022, compared to $2.2 million on December 31, 2021, while working capital increased by $16.4 million during this period. Our relocation to a new state of the art warehouse will enable us to efficiently and effectively service our growing commercial customer segment, while relieving capacity constraints we experienced at our legacy location. 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. 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. 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, the nations second largest 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 Washington-based manufacturer and distributer 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. Simply put, we want to be the best and offer our customers - from small DIY growers to the largest commercial buyers of hydroponics the widest variety of best-in-class brands, with knowledgeable talent and unparalleled customer service, across all channels. 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. 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. Broadband Capital Investment (BCI) is a boutique merchant bank which invests in high growth industries. Surna Cultivation Technologies Contact: Hydrobuilder's headquarters is located at 312 Otterson Dr, Chico. For more information, please visit https://hbhold.com/. 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. Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces. 646-277-1232 We, Yahoo, are part of the Yahoo family of brands. 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 . 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 sites and services. Hydrobuilder Holdings is uniquely positioned to provide commercial growers and home gardeners with the highest level of service, product selection, education and value. Find company research, competitor information, contact details & financial data for Hydrobuilder Holdings LLC of Wilmington, DE. 646-277-1232 Hydrobuilder Holdings Acquires Hydrobuilder.com and GreenCoast Hydroponics to Form a Leading Omni-channel Seller of Specialty January 15, 2021, 1:00 PM UTC Share this article 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. Surna Cultivation Technologies (www.surna.com), is an industry leader in CEA facility design and technologies. The reference to CEAs website has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release. GreenCoast has 12 locations and is an industry leader in sales and large-scale grow design. CEA Industries Inc. Surna Cultivation Technologies Contact: Jamie EnglishVice President, Marketing Communicationsjamie.english@surna.com303.993.5271, Hydrobuilder Contact: Cory ZiskindICRCory.Ziskind@icrinc.com646-277-1232. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Investors of Hydrobuilder include Broadband Capital Management and Hydrobuilder Holdings. Their experts work with growers of all sizes to help their gardens thrive. About Hydrobuilder Holdings LLC 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 the $3.0 billion North American CEA market, and serving the entire spectrum of customers from hobbyists to the largest . When expanded it provides a list of search options that will switch the search inputs to match the current selection. Surna Cultivation Technologies (www.surna.com), is an industry leader in CEA facility design and technologies. About Hydrobuilder Holdings<br><br>Hydrobuilder Holdings (HBH) was initially formed through the acquisitions of , a leading online retailer of hydroponics and horticultural supplies, Green Coast Hydroponics, the second-largest hydroponics retailer in the United States, and Los Angeles, Calif.<br><br>-based Elevated Equipment Supply, full-service equipment and supplies provider for the .
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