Arthur J. Moore Jr. on LinkedIn: #macrophotography #cannabiscommunity # 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. The NCV Newswire is hand-curated by an editor and not automated in anyway. Hydrobuilder Holdings Provides Business Update 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. GreenCoast operates 12 stores (10 in California, 1 in Las Vegas and 1 in Portland, OR), that provide equipment, plant consumable products and design services to growers ranging from the hobbyist to the largest licensed commercial operators. The strength of our brands, combined with our technical expertise, industry knowledge and channel coverage will be a huge benefit for our customers.. Third Quarter 2022 Financial Results 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. 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. 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 . 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. 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., We have worked closely with Tony and the Surna team over the past few months to establish this value-added alliance that brings quality, convenience and simplicity to our customers, said Dustin Bertram, Hydrobuilder Holdings Chief Commercial Officer. 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. With this combination well be able to scale and automate at a far greater speed than what was possible on our own. To supplement our financial results on U.S. generally accepted accounting principles (GAAP) basis, we use non-GAAP measures including net bookings and backlog, as well as other significant non-cash expenses such as stock-based compensation and depreciation expenses. CEA Industries Inc. 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). 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. This is Hydrobuilder Holdings' 4th transaction in the United States. | Source: ICR 500 Orient Street Suite 150. What is Hydrobuilder's latest funding round? Specializing in both indoor and organic gardening, the experts at NE Hydro work with growers of all sizes to help their gardens thrive. Surna Cultivation Technologies and Hydrobuilder Holdings Announce 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., We have worked closely with Tony and the Surna team over the past few months to establish this value-added alliance that brings quality, convenience and simplicity to our customers, said Dustin Bertram, Hydrobuilder Holdings Chief Commercial Officer. Justin, Jordan and their respective teams have built best-in-class companies and have deep domain knowledge. AD 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. Surna Cultivation Technologies and Hydrobuilder Enter Into a Strategic Hydrobuilder Holdings Acquires New England Hydroponics and - Yahoo! 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. This button displays the currently selected search type. We have worked closely with Tony and the Surna team over the past few months to establish this value-added alliance that brings quality, convenience and simplicity to our customers, said Dustin Bertram, Hydrobuilder Holdings Chief Commercial Officer. Surna Cultivation Technologies Contact: Hydrobuilder's headquarters is located at 312 Otterson Dr, Chico. Hydrobuilder Holdings Acquires Home Grown Ventures - Mergr Interested parties may submit questions to the Company prior to the call by emailing info@ceaindustries.com . This quarter-end backlog is expected to generate revenue over the next 18 months. 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 . For more information, please visit https://www.nehydro.com/, Media 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 . GreenCoast operates 12 stores (10 in California, 1 in Las Vegas and 1 in Portland, OR), that provide equipment, plant consumable products and design services to growers ranging from the hobbyist to the largest licensed commercial operators. We are delighted to be joining the Hydrobuilder Holdings platform. Hydrobuilder.com is an online retailer of hydroponics and horticultural supplies. BCI (and/or its affiliates) was the founding investor in Vroom.com (Nasdaq: VRM), a leading used car e-commerce company, co-led the management buyout of Hydrofarm Holdings (Nasdaq: HYFM), a leading hydroponics manufacturer and distributor, prior to its initial public offering, and invested in Montrose Environmental (NYSE: MEG), an environmental services provider offering measurement & analytical services as well as environmental resiliency & sustainability solutions. The Companys quarter-end backlog was $6.8 million compared to $9.9 million for the same period in 2021. The Trees Remember Coupons & Promo Codes 2023. com 4% OFF sitewide From HydroBuilder 4% off any order Reveal Code 25% OFF From American Meadows Up to 25% off Seeds Get Offer sitewide From EarthEasy Free Shipping on orders over $75 Get Offer From Cedar and Sail Dodecahedron Planters now $25 Get Offer . 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. Hydrobuilder.com | LinkedIn The strength of our brands, combined with our technical expertise, industry knowledge and channel coverage will be a huge benefit for our customers. AD Surna Cultivation Technologies (www.surna.com), is an industry leader in CEA facility design and technologies. The best cannabis industry news sent to your inbox every Sunday. Senior management is known throughout the industry as experts in design of large-scale industrial growing facilities. 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. Markus and Avi are world class executives who understand how to drive efficiencies and scale enterprises, both organically and through acquisitions. "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. Forward Looking Statements When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. Hydrobuilder Holdings secured over $70 million in financing from a broad group of investors, led by Broadband Capital Investments. By continuing to use this site you are consenting to these choices. Media Contact: Hydrobuilder Holdings acquired 5 companies. As we look ahead, we plan to continue executing on both our organic and inorganic growth initiatives. 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. 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. Shop with our knowledgeable grower support team to find the perfect indoor grow room kit or hydroponics package at the best price online! Hydrobuilder - Products, Competitors, Financials, Employees Charlotte Metro . Markus and Avi are world class executives who understand how to drive efficiencies and scale enterprises, both organically and through acquisitions. Find company research, competitor information, contact details & financial data for Hydrobuilder Holdings LLC of Wilmington, DE. AD 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. The Company was formed in October 2020 and has since . 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.
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