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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. A Hydrobuilder Holdings Company | Hydrobuilder.com is a rapidly growing start up/online retailer consisting of highly motivated, collaborative, passionate, and fun loving, individuals located in . ET. This is Hydrobuilder Holdings' 1st transaction in Washington. "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. 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. site you are consenting to these choices. Warrant (ticker: CEADW) pgina de aes. Did you know that Hydrobuilder.com is part of Hydrobuilder Holdings? We are constantly researching the best products and practices to help you be successful. 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, 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. 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. 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. 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 . The Companys quarter-end backlog was $6.8 million compared to $9.9 million for the same period in 2021. CEA management will host a conference call today to discuss its financial and operating results, followed by a question-and-answer session. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. 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 LLC and Hydrobuilder Holdings LLC have entered into a non-equity strategic alliance to create a One-Stop-Shop for Cultivation Companies More recently, we have acquired Way to Grow, Home Grown Ventures (HGV) Nutrients, and New England Hydroponics. 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. Dieser Button zeigt den derzeit ausgewhlten Suchtyp an. 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. Strategic Expansion to the Northeast Adds Five Locations and Expands Physical Footprint into Seventh and Eighth States. Please refer to our SEC filings for a more detailed discussion of the risks and uncertainties associated with our business, including but not limited to the risks and uncertainties associated with our business prospects and the prospects of our existing and prospective customers; the inherent uncertainty of product development; regulatory, legislative and judicial developments, especially those related to changes in, and the enforcement of, cannabis laws; increasing competitive pressures in our industry; and relationships with our customers and suppliers. Secures over $70 million in financing from broad base of investors. Hydrobuilder Holdings is uniquely positioned to provide commercial growers and home gardeners with the highest level of service, product selection, education and value. Claim your profile to get in front of buyers, investors, and analysts. CEA Industries Inc. Reports Third Quarter 2022 Results. our sites and services. Gross profit in the third quarter of 2022 was $0.6 million compared to $0.7 million for the same period in 2021. 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. 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. 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 . 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 . 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. Analyst Briefing Submitters are 7x more likely to receive a qualified connection. 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. 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. ICR 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. Senior management is known throughout the industry as experts in design of large-scale industrial growing facilities. ET 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. Raphael.Gross@icrinc.com, Internet Explorer presents a security risk. 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 . 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. 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. Justin, Jordan and their respective teams have built best-in-class companies and have deep domain knowledge. This press release may contain statements of a forward-looking nature relating to future events. 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 provided a business update on its growth strategy. This is Hydrobuilder Holdings' 4th transaction in the United States. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Hydrobuilder Holdings Aug 2021 - Feb 2023 1 year 7 months. 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. 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. These statements reflect our current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release, including the factors set forth in Risk Factors set forth in our annual and quarterly reports filed with the Securities and Exchange Commission (SEC), and subsequent filings with the SEC. 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. Home Grown Ventures (HGV) is a Washington state-based manufacturer and distributor of a proprietary blend of water-soluble nutrients used for commercial agriculture. 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. Relocating Elevated Equipment Supply to a new, larger, purpose-built and state of the art warehouse in Los Angeles spanning 85,000 square feet. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. Hydrobuilder.com has grown to become a leading online retailer of horticultural supplies online. 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. 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. GreenCoast is one of the largest specialty agriculture products retailers in the USA. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Justin, Jordan and their respective teams have built best-in-class companies and have deep domain knowledge. 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. If you would like to customise your choices, click 'Manage privacy settings'. Denver Metropolitan Area Chief Operating Officer Carrols Corporation Feb 2021 - Sep 2021 8 months. 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. 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 . Hydrobuilder Holdings was initially formed through the acquisitions of Hydrobuilder.com, GreenCoast Hydroponics, and Elevated Equipment Supply. 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. our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. We are committed to providing a broad product offering and exceptional customer service, and this new facility is a key piece of how our integration playbook helps our acquired companies accelerate their impressive growth momentum, said Mr. Hockenson. 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. 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. Headquartered in Louisville, Colorado, CEA Industries knows that growth is a team sport. GlobeNewswire 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. 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. 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. Use the CB Insights Platform to explore Hydrobuilder Holdings's full profile. 646-277-1232 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 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. 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. Bei Erweiterung erscheint eine Liste mit Suchoptionen, die die Sucheingaben so ndern, dass sie zur aktuellen Auswahl passen. Through future partnerships and mergers and acquisitions, both financial and strategic, CEA Industries will continue its pursuit of companies that bring accretive value to its customers and investors. Net bookings in the third quarter of 2022 were $2.2 million compared to $5.6 million in the year-ago period. Copyright 2023 CB Information Services, Inc. All rights reserved. As part of the transaction, the sellers of both Hydrobuilder.com and GreenCoast Hydroponics retained a meaningful equity stake in 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.. 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. Hydrobuilder.com Founder and President, Justin Marshall, commented, Partnering with GreenCoast and joining Hydrobuilder Holdings is a dream come true. ICR Surna Cultivation Technologies LLC, a leader in facility design and equipment for cannabis and controlled environment agriculture, announced a partnership with Hydrobuilder Holdings LLC Friday.. Hydrobuilder Holdings (HBH) was initially formed through the acquisitions of Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies, GreenCoast Hydroponics, the . Charlotte Metro . We, Yahoo, are part of the Yahoo family of brands. Conference Call AD 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. As the global environment for indoor cultivation continues to grow, CEA Industries was formed to embrace companies that support these ecosystems. 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.
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