CEA Industries Inc.
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- CEA Industries Inc. (NASDAQ: VAPE) focuses on long-term value creation as a public company with a disciplined digital asset treasury strategy centered on BNB ecosystem participation; it operates diversified business units including Fat Panda, a vape retailer and manufacturer with established market presence in Canada's regulated nicotine vape industry, and Surna Cultivation Technologies, which provides specialized environmental control solutions for the controlled environment agriculture (CEA) sector. The company designs, engineers, and sells a comprehensive suite of products and services for CEA growers, including architectural design and floor plans for cultivation facilities; licensed mechanical, electrical, and plumbing engineering for commercial-scale thermodynamic systems; liquid-based process cooling systems and climate control equipment; air handling systems; air sanitation products; LED lighting; benching and racking solutions for indoor cultivation; automation and control technologies for environmental, lighting, and climate management; and preventative maintenance services. CEA Industries serves commercial and regulated CEA operators in the United States, Canada, and internationally, targeting high-growth regulated consumer markets. Founded in 2006 and headquartered in Louisville, Colorado, the company, formerly known as Surna Inc. until its rebranding in November 2021, has undergone significant strategic shifts in the past 1-2 years, including the completion of its acquisition of Fat Panda Ltd., Central Canada's largest vape retailer, funded in part by a USD $4.0 million short-term loan to expand into the high-growth nicotine vape sector. In July 2025, CEA Industries announced and closed an upsized $500 million private placement (PIPE) financing, supported by 10X Capital and YZi Labs along with prominent investors such as Kenetic, dao5, Protocol Ventures, and others, with proceeds primarily allocated to establish the largest publicly listed BNB Chain digital asset treasury strategy globally, positioning BNB as its primary treasury reserve asset and enabling shareholder exposure to the Binance ecosystem. These moves follow Q1 2025 financial results showing revenue growth to $713,000 from $235,000 year-over-year, positive gross profit of $39,000, $8.7 million in cash with no debt, and ongoing evaluation of operating units for strategic alignment amid a lean cost structure with 16% operating expense reduction in 2024.
Surna (OTCMKTS:SRNA) Stock Passes Below 200 Day Moving Average – Time to Sell?
CEA Industries Applauds FDA Authorization of JUUL Products, Signals Opportunity for U.S. Market Expansion
Surna Schedules Third Quarter 2021 Earnings Conference Call
Surna Cultivation Technologies Becomes Authorized Reseller of BVV Neocision™ LED Grow Lights
Surna Cultivation Technologies Partners with Global Reforestation Non-Profit One Tree Planted
Surna Cultivation Technologies Announces Benching and Racking Line-up
Surna Cultivation Technologies Introduces VRF Product Line
Surna Reports Second Quarter 2021 Results
Surna Cultivation Technologies Announces Cultivation Facility Architectural Design Services
Surna Reports Second Highest Revenue in its History and Return to Profitability in Preliminary Second Quarter Results
NOTICE TO DISREGARD -- Surna Inc
Surna Cultivation Technologies Announces R. Brian Knaley as New CFO
Surna Cultivation Technologies Introduces Preventative Maintenance Services
Surna Cultivation Technologies Introduces High Efficiency EcoChill™ Heat Recovery Chiller
Surna Inc. (SRNA) CEO Tony McDonald on Q1 2021 Results - Earnings Call Transcript
Surna Reports Q1 2021 Results
Surna Announces New Organic Growth Strategy
Surna: Don't Call It A Comeback
Surna Reports Record Bookings in Preliminary First Quarter Results
Surna Announces Representative Agreement with RSX Enterprises