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. Use the CB Insights Platform to explore Hydrobuilder Holdings's full profile. 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. 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. 86% of retail CFD accounts lose money, CEA Industries announces operating cost cuts, layoffs amid macro woes, CEA Industries Inc. Reports Third Quarter 2022 Results, CEA Industries GAAP EPS of -$0.13, revenue of $5.06M, Surna Cultivation Technologies and Hydrobuilder Holdings Announce Strategic Alliance, CEA Industries Inc. to Hold Third Quarter 2022 Conference Call on November 14 at 4:15 p.m. 500 Orient Street Suite 150. 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 . 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. 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. 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. 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. Analyst Briefing Submitters are 7x more likely to receive a qualified connection. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. margin items): Raphael.Gross@icrinc.com, Internet Explorer presents a security risk. 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 . ICR Copyright 2023 CB Information Services, Inc. All rights reserved. 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. 888-815-9763. This press release may contain statements of a forward-looking nature relating to future events. Raphael.Gross@icrinc.com, Internet Explorer presents a security risk. You can read more about your. 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. AD Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs). Interested parties may submit questions to the Company prior to the call by emailing info@ceaindustries.com . About CEA Industries Inc. 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. ICR Learn more. Find out more about how we use your personal data in our privacy policy and cookie policy. Dividende, date financiare, preul aciunilor i evaluarea societii ntr-un format vizual The strength of our brands, combined with our technical expertise, industry knowledge and channel coverage will be a huge benefit for our customers.. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. CEA Industries Inc. 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. Warrant (ticker: CEADW)pagina de aciuni. Hydrobuilder Holdings is the second largest omnichannel platform in the hydroponics, CEA and specialty agriculture industry in the United States, serving the entire spectrum of customers from hobbyists to the largest commercial growers through its online, retail and warehouse direct channels. Management Commentary 203-682-8253 Cory.Ziskind@icrinc.com, Investors CEA Industries Inc (ticker: CEAD) Osakesivu. ET. At September 30, 2022, the company remained debt free. Illinois Adult-Use Cannabis Sales Slow to Begin 2023. 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 . Have a confidential news tip? Together, the six businesses create a leading omnichannel retailer of specialty agriculture . To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. "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. ICR Surna Cultivation Technologies (www.surna.com), is an industry leader in CEA facility design and technologies. About Hydrobuilder Holdings LLC Hydrobuilder.com and GreenCoast will continue to be operated by their existing management teams under the newly-formed Hydrobuilder Holdings platform and substantially all team members from Hydrobuilder.com and GreenCoast will remain with Hydrobuilder Holdings. 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. Relocating Elevated Equipment Supply to a new, larger, purpose-built and state of the art warehouse in Los Angeles spanning 85,000 square feet. 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. The strength of our brands, combined with our technical expertise, industry knowledge and channel coverage will be a . 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. Cory Ziskind These bucket systems can accommodate 232 tomato To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. AD About. 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. Surna Cultivation Technologies (www.surna.com), is an industry leader in CEA facility design and technologies. With this combination well be able to scale and automate at a far greater speed than what was possible on our own. Markus and Avi are world class executives who understand how to drive efficiencies and scale enterprises, both organically and through acquisitions. 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. Hydrobuilder Holdings is uniquely positioned to provide commercial growers and home gardeners with the highest level of service, product selection, education and value. You can read more about your. Denver Metropolitan Area Chief Operating Officer Carrols Corporation Feb 2021 - Sep 2021 8 months. Hydrobuilder is included in 1 Expert Collection, including E-Commerce. For more information, please visit https://hbhold.com/, Media Hydrobuilder.com Founder and President, Justin Marshall, commented, Partnering with GreenCoast and joining Hydrobuilder Holdings is a dream come true. 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. Strategic Expansion to the Northeast Adds Five Locations and Expands Physical Footprint into Seventh and Eighth States. We are a family of businesses that include over 20 retail locations in various parts of the country. Did you know that Hydrobuilder.com is part of Hydrobuilder Holdings? Home Grown Ventures (HGV) is a Washington state-based manufacturer and distributor of a proprietary blend of water-soluble nutrients used for commercial agriculture. As the global environment for indoor cultivation continues to grow, CEA Industries was formed to embrace companies that support these ecosystems. GreenCoast has 12 locations and is an industry leader in sales and large-scale grow design. 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 will continue to exercise diligence in identifying targets that will be accretive to our business and accelerate growth and profitability for the future. We are pleased to have identified such a complementary acquisition in New England Hydroponics and to be expanding our footprint to the Northeast as we enter this fast-growing market. Conference Call Mar 2022 - Present1 year 1 month. CBI websites generally use certain cookies to enable better interactions with our sites and services. Surna Cultivation Technologies LLC and HydrobuilderHoldings LLC have entered into a non-equity strategic allianceto createa One-Stop-Shop for Cultivation Companies. Hydrobuilder Holdings Aug 2021 - Feb 2023 1 year 7 months. 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. 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. Submitters are 7x more likely to receive a qualified connection. 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. AD Raphael Gross 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. 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. site you are consenting to these choices. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Operating expenses in the third quarter of 2022 were $1.7 million compared to $1.2 million for the same period in 2021. When expanded it provides a list of search options that will switch the search inputs to match the current selection. The Company was formed in October 2020 and has since . We work with facilities of all sizes, from 40 lights to 40,000, from boutique shops to volume producers and everyone in between. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Hydrobuilder Holdings secured over $70 million in financing from a broad group of investors, led by Broadband Capital Investments. Hydrobuilder Holdings LLC, a recently formed omnichannel seller of hydroponic agricultural products, has acquired Way to Grow, a Fort Collins-headquartered chain of hydroponic and organic gardening We are very excited to announce our expansion into two additional states, with new location openings in Michigan and Oklahoma. About Hydrobuilder Holdings. The strength of our brands, combined with our technical expertise, industry knowledge and channel coverage will be a huge benefit for our customers.. This will better integrate and support our customers needs across all of our three pillars: e-commerce, retail and commercial. 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 provider for the commercial cultivation and . Hydrobuilder.com has grown to become a leading online retailer of horticultural supplies online. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. November 10, 2022 09:15 ET The terms of the transaction were not disclosed. The strength of our brands, combined with our technical expertise, industry knowledge, and channel coverage will be a . We believe these non-GAAP measures are helpful in understanding our past performance and are intended to aid in evaluating our potential future results. So if you need something today, please visit and support a local hydroponic store near you! We are delighted to be joining the Hydrobuilder Holdings platform. Dieser Button zeigt den derzeit ausgewhlten Suchtyp an. Opening a GreenCoast Hybrid (retail and commercial warehouse direct) location in Tulsa, Oklahoma spanning 45,000 square feet in the second quarter of 2022. 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 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. 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. CEA management will host a conference call today to discuss its financial and operating results, followed by a question-and-answer session. 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.
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