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. 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. 203-682-8253 This is Hydrobuilder Holdings' 1st transaction in the Distribution sector. 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. The strength of our brands, combined with our technical expertise, industry knowledge and channel coverage will be a . November 10, 2022 09:15 ET After surging to end the year, Illinois adult-use cannabis MariMed Reports Fourth Quarter and Full Year 2022 Financial Download the free New Cannabis Ventures app on the iOSApp Store or Google Play and get real-time push notifications straight to your phone on the latest breaking news and exclusives published. Becoming a part of this rapidly-expanding portfolio of assets will strengthen NE Hydro through strategic and financial resources that can support our combined large and diverse customer base. Hydrobuilder Holdings is uniquely positioned to provide commercial growers and home gardeners with the highest level of service, product selection, education and value. 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. 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. 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 . Last week, we announced a significant new non-equity strategic alliance with Hydrobuilder Holdings LLC, a leading omnichannel platform with 22 retail locations and 10 warehouses serving the indoor and outdoor CEA and hydroponics industry. 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. 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. CEA Industries Inc (ticker: CEAD) pgina de aes. Relocating Elevated Equipment Supply to a new, larger, purpose-built and state of the art warehouse in Los Angeles spanning 85,000 square feet. 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. AD 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. 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. Date: Monday, November 14, 2022 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 announced that it has entered the Northeast by adding New England Hydroponics (NE Hydro) to its growing portfolio of assets, bringing its total number of physical retail locations to 22 and its number of warehouse locations to 9. We are lucky to call Chico home and it's so important to us as a locally grown business that we give back and stay connected to our community. Headquartered in Louisville, Colorado, we leverage our experience in the industry to bring value-added solutions to our customers that help improve their overall crop quality and yield, optimize energy and water efficiency, and satisfy evolving state and local codes, permitting and regulatory requirements. margin items): Have questions about your grow? Some additional pics from the last nights photo shoot. Hydrobuilder Holdings was formed on the basis of a three-pillar omnichannel strategy in the specialty agriculture and hydroponics equipment and supply industry. PALM BEACH, Fla.-January 15, 2021-(BUSINESS WIRE)Hydrobuilder Holdings LLC (Hydrobuilder Holdings) today announced its formation through the acquisitions of Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies, and GreenCoast Hydroponics, the second largest hydroponics retailer in the United States, to create a leading omni-channel retailer of specialty agriculture and hydroponics equipment and supplies. dividendos, dados financeiros, preo da ao e avaliao da empresa num formato visual 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. Surna Cultivation Technologies LLC and HydrobuilderHoldings LLC have entered into a non-equity strategic allianceto createa One-Stop-Shop for Cultivation Companies. our sites and services. GlobeNewswire 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 . Except as required by the federal securities laws, we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. 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. Management Commentary "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. With this combination well be able to scale and automate at a far greater speed than what was possible on our own. Hydrobuilder Holdings recently partnered with Surna on November 11, 2022. 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. You can read more about your. Conference Call What is Hydrobuilder's latest funding round? 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 strength of our brands, combined with our technical expertise, industry knowledge and channel coverage will be a huge benefit for our customers.. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. 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. 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 particular cultivar is producing some very unique colors and fragrances. Raphael.Gross@icrinc.com, Internet Explorer presents a security risk. Gross margin was 11.8% compared to 20.2% in the year ago period. 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. 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. The best cannabis industry news sent to your inbox every Sunday. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Dont let your products get skipped. Operating expenses in the third quarter of 2022 were $1.7 million compared to $1.2 million for the same period in 2021. These bucket systems can accommodate 232 tomato Warrant (ticker: CEADW) pgina de aes. By continuing to use this site you are consenting to these choices. 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. 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. WebGet The Trees Remember Coupons and Start Shopping at TheTreesRemember. Senior management is known throughout the industry as experts in design of large-scale industrial growing facilities. Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions. About Hydrobuilder Holdings LLC 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. The NCV Newswire is hand-curated by an editor and not automated in anyway. 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. Charlotte Metro . The strength of our brands, combined with our technical expertise, industry knowledge, and channel coverage will be a . 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. 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 . 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. Their experts work with growers of all sizes to help their gardens thrive. 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.
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