Louisville, Colo., June 29, 2022 (GLOBE NEWSWIRE) — CEA Industries Inc. (CEAD, CEADW), a leader in Controlled Environment Agriculture (CEA) systems technology and engineering, today announced that it has entered into an agreement with Merida Capital Holdings in which Merida agrees to use the Company as its sole supplier of certain products and services for Merida’s indoor growing facilities.
“Our subsidiary, Surna Cultivation Technologies LLC, has worked and is working with Merida on several projects, and we are excited to formalize and expand our relationship for future opportunities,” said Tony McDonald, President and CEO of CEA Industries Inc. .
Surna’s products and services include, but are not limited to, full-service licensed architectural and mechanical, electrical and plumbing (MEP) engineering services, carefully selected HVACD equipment, proprietary control systems, air disinfection products, lighting, benches and shelving. Surna’s team of project managers, licensed professional architects and engineers, technology and horticulture specialists and system integration experts assist customers by accurately designing the unique applications of the customer. Through its partnership with a network of certified service contractors, Surna provides installation and maintenance services to aid in smooth construction and optimal performance of facilities.
“We are impressed with the results we have achieved with the products and services CEA Industries has provided in the development, design and supply of the culture facilities in which we invest,” said Mitchell Baruchowitz, founder and managing partner of Merida Capital Holdings. “Following our investment in CEA Industries in early 2022, we are excited to deepen our partnership and leverage their extensive experience as designers and engineers to help us build the most efficient and effective cultivation facilities. possible profitability.
About CEA Industries Inc.
CEA Industries Inc. (www.ceaindustries.com), is home to leaders in the controlled environment agriculture industry, with complementary and adjacent businesses added to its portfolio as they align with the company’s growth initiatives. the company. As the global indoor growing environment continues to grow, CEA Industries was created to welcome companies that support these ecosystems.
Based in Louisville, Colorado, CEA Industries knows that growth is a team sport. Through future partnerships and mergers and acquisitions, both financial and strategic, CEA Industries will continue its search for companies that bring accretive value to its customers and investors.
About Merida Capital Holdings.
Merida Capital Holdings (www.meridacap.com) is a private equity firm targeting the fundamental growth drivers that underpin the responsible development of the cannabis industry. Merida’s investments focus on cultivation technologies, products and services associated with the evolution of cannabis as an agricultural product, natural herbal medicine, constituent of pharmaceutical formulations and recreational consumer product.
Merida seeks to accelerate proven operating models and drive growth in its portfolio by improving its commercial pipeline. By identifying critical vendors with strong management teams, they can anticipate where industrial vendors or large industrial vendors in non-cannabis related fields will seek to find growth in their core businesses through acquisitions or expansions. investments.
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This press release contains forward-looking statements relating to future events. These forward-looking statements are subject to the uncertainties inherent in predicting future results and conditions. 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 the “Risk Factors” section of our reports. annual and quarterly filings with the Securities and Exchange Commission (“SEC”) and subsequent filings with the SEC. Please refer to our filings with the SEC for a more detailed discussion of risks and uncertainties associated with our business, including, but not limited to, risks and uncertainties associated with our business prospects and the prospects of our existing customers. and potentials; the uncertainty inherent in product development; regulatory, legislative and judicial developments, particularly those related to changes in and enforcement of cannabis laws; increasing competitive pressures in our industry; and relationships with our customers and suppliers. Except as required by 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. The reference to The CEA Industries Inc. website has been provided as a convenience, and information contained on this website is not incorporated by reference into this press release.
Vice President, Marketing Communications
Sean Mansouri, CFA