Warrant (ticker: CEADW) pgina de aes. The end markets remain highly fragmented, competitive, and tightly regulated, and our customers look to Hydrobuilder to help them grow in this rapidly evolving industry., Hydrobuilder Holdings is a leading omnichannel platform serving the $12.5 billion indoor and outdoor CEA industry, including hydroponics, 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. We have been providing solutions to indoor growers for over 16 years and have served over 800 cultivators with over 200 of them being large, commercial projects. Headquartered in Louisville, Colorado, CEA Industries knows that growth is a team sport. Surna Cultivation Technologies Contact: Hydrobuilder's headquarters is located at 312 Otterson Dr, Chico. Surna Cultivation Technologies Contact: Jamie EnglishVice President, Marketing [email protected], Hydrobuilder Contact: Cory [email protected]. Along with better serving our customers, we feel great about how this partnership will support our employees and the culture that we have worked 20+ years to build., Michael Rapp, Managing Partner of Broadband Capital Investments, added, We are excited to be investing in the formation of Hydrobuilder Holdings. 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. Cory Ziskind 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 Net loss in the third quarter of 2022 was $1.0 million or $(0.13) per share, compared to a net loss of $0.4 million or $(1.69) per share for the same period in 2021. ET. Markus and Avi are world class executives who understand how to drive efficiencies and scale enterprises, both organically and through acquisitions. 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. Conference Call 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. Specializing in both indoor and organic gardening, the experts at NE Hydro work with growers of all sizes to help their gardens thrive. 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 commercial growers through its online, retail and warehouse direct channels. The strategic alliance is a non-equity partnership that combines its industry-leading controlled environment agriculture (CEA) systems engineering and technologies with Hydrobuilder Holdings . For more than 15 years, NE Hydro has built an enviable name for itself as a go-to retail destination for fans, lighting, hydroponic supplies and organic products because of their superior selection and service. Have questions about your grow? Surna Cultivation Technologies ( www.surna.com ), is an industry leader in CEA facility design and technologies. The decrease in the Companys net bookings and backlog for the third quarter of 2022 was primarily driven by fewer new orders to replace the Companys backlog as it recognized revenue during the quarter. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Secures over $70 million in financing from broad base of investors. Learn more about us and our commitment to excellence. The combined knowledge and experience will allow us to take the Hydrobuilder.com platform and apply it to some of the most successful brick-and-mortar stores in our space by utilizing our custom IT infrastructure, which enhances automation while also providing an omni-channel approach to sales for our customers. Huge discounts on grow lights, hydroponics supplies & plant nutrients at Hydrobuilder.com! Some additional pics from the last nights photo shoot. The Company was formed in October 2020 and has since acquired five 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; and Home Grown Ventures, a Washington-based manufacturer and distributer of a proprietary blend of water-soluble nutrients used for commercial agriculture. Founded in 2011, Hydrobuilder.com is based in Northern California and has rapidly grown to become a leading online retailer of hydroponics and horticultural supplies. Get the latest business insights from Dun & Bradstreet. The increase was primarily attributed to some recovery in the supply chain that enabled delivery of products with fewer delays. The Hydrobuilder Holdings family of companies can support every size commercial operation. 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. Under our ownership, we intend to uphold and build on that reputation as we bring to bear our advantages as a scale omnichannel platform to expand the Commercial division and execute our strategy of rapid growth in a dynamic and evolving industry, said Markus Hockenson, CEO of Hydrobuilder Holdings. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. 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. <br><br>Believes that basically, life's a lab - we live, fall, get up, learn, then pickup the pieces and evolve. AD Hydrobuilder Holdings was initially formed through the acquisitions of Hydrobuilder.com, GreenCoast Hydroponics, and Elevated Equipment Supply. CEA Industries Inc. Reports Third Quarter 2022 Results. The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. Dieser Button zeigt den derzeit ausgewhlten Suchtyp an. "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. Mr. Levine previously served as Chief Financial Officer of International Car Wash Group, and has additional experience at Deloitte Consulting, Versa Capital Management, Flashpoint College and Driven Brands. Hydrobuilder Holdings is the second largest omni-channel platform of specialty agriculture and hydroponics equipment and supplies in the United States, serving commercial and hobbyist growers of . 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. Non-GAAP Financial Measures 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). Get ahead of the crowd by signing up for420 Investorwhen it becomes available again. CEA Industries Inc. About Surna Cultivation Technologies Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Senior management is known throughout the industry as experts in design of large-scale industrial growing facilities. This is Hydrobuilder Holdings' 4th transaction in the United States. For more information, please visit https://hbhold.com/. Hydrobuilder Holdings LLC was formed in December 2020 on the basis of a "three-pillar" omni-channel strategy in the specialty agriculture and hydroponics equipment and supply industry. Contributing original content and curating quality news on only the most promising cannabis companies and the most influential investors. The decrease in gross margin was primarily driven by an increase in variable costs (which include the cost of equipment, external engineering costs, shipping and handling, and travel and warranty costs) as a percentage of revenue, as well as the reallocation of certain operating expenses to cost of goods sold. 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. ICR You can read more about your. WebGet The Trees Remember Coupons and Start Shopping at TheTreesRemember. 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. 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 believe these non-GAAP financial measures reflect an additional way to view aspects of our operations that, when viewed with our GAAP results, provide a more complete understanding of factors and trends affecting our business. 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. Revenue in the third quarter of 2022 increased 37% to $5.1 million compared to $3.7 million for the same period in 2021. Have a Great [email protected], Investors Justin, Jordan and their respective teams have built best-in-class companies and have deep domain knowledge. We will continue to exercise diligence in identifying targets that will be accretive to our business and accelerate growth and profitability for the future. Cory Ziskind authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. 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 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. AD Copyright 2023 CB Information Services, Inc. All rights reserved. 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 . ICR The NCV Newswire is hand-curated by an editor and not automated in anyway. About CEA Industries Inc. 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. Bei Erweiterung erscheint eine Liste mit Suchoptionen, die die Sucheingaben so ndern, dass sie zur aktuellen Auswahl passen. [email protected], Internet Explorer presents a security risk. For those unable to participate in the conference call at that time, a replay will be available for two weeks in the Investors section of the Companys website at www.ceaindustries.com beginning on November 15, 2022, at 5:00 p.m. 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. The increase was primarily driven by net proceeds from the Companys sale of common stock and warrants of approximately $24 million in February 2022. 646-277-1232 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. 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 . "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. Way to Grow is a Colorado-based retailer or hydroponic and greenhouse products with 15+ years of industry experience. For more information, please visit https://hbhold.com/. 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. This is Hydrobuilder Holdings' 1st transaction in the Distribution sector. November 14, 2022 16:10 ET We are excited to bring together two proven leaders in hydroponics e-commerce and brick-and-mortar retail as the initial partnerships within Hydrobuilder Holdings, which we believe is poised to be a leading omni-channel seller of specialty agriculture and hydroponics equipment and supplies, said Hockenson. 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 . Who we are: 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 commercial cultivation .
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