To ensure the most secure and best overall experience on our website, we recommend the latest versions of. . CEA Industries Inc (ticker: CEAD) Osakesivu. 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. ICR Opening a GreenCoast Hybrid (retail and commercial warehouse direct) location in Tulsa, Oklahoma spanning 45,000 square feet in the second quarter of 2022. 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. ICR Broadband Capital Investment (BCI) is a boutique merchant bank which invests in high growth industries. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. Consume less // Produce more Here are some before and after shots of the #greenhouse I've been developing! Surna Cultivation Technologies LLC and HydrobuilderHoldings LLC have entered into a non-equity strategic allianceto createa One-Stop-Shop for Cultivation Companies. We are very excited to announce our expansion into two additional states, with new location openings in Michigan and Oklahoma. We are constantly researching the best products and practices to help you be successful. 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. Gross profit in the third quarter of 2022 was $0.6 million compared to $0.7 million for the same period in 2021. 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. Consume less // Produce more Here are some before and after shots of the #greenhouse I've been developing! Cory Ziskind Find out more about how we use your personal data in our privacy policy and cookie policy. 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. 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. CBI websites generally use certain cookies to enable better interactions with. "Hydrobuilder Holdings brings decades of experience and a broad and deep catalog of leading cultivation products, and we're excited to expand our offerings to include Surna's leading design services and HVACD products. 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. About Hydrobuilder Holdings. AD Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. Use the CB Insights Platform to explore Hydrobuilder Holdings's full profile. I am incredibly grateful and excited to be working alongside these experts and pioneers within the hydroponics industry as well as professionals from many outside business ventures. GreenCoast is one of the largest specialty agriculture products retailers in the USA. ET. 203-682-8253 Revenue in the third quarter of 2022 increased 37% to $5.1 million compared to $3.7 million for the same period in 2021. 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. 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. Claim your profile to get in front of buyers, investors, and analysts. CEA Industries Inc. We have also been busy on the acquisition front with a number of promising opportunities in the pipeline, said Markus Hockenson, CEO of Hydrobuilder Holdings. <br><br>Believes that basically, life's a lab - we live, fall, get up, learn, then pickup the pieces and evolve. 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. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. The increase was primarily driven by higher selling, general and administrative expenses in support of organic and inorganic growth initiatives, and an increase in advertising and marketing expenses. 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. Hydrobuilder Holdings Acquires Hydrobuilder.com and GreenCoast Hydroponics to Form a Leading Omni-channel Seller of Specialty January 15, 2021, 1:00 PM UTC Share this article Conference Call Hydrobuilder Holdings. Way to Grow has five retail locations and three warehouses in the strategically important Colorado market. We work with facilities of all sizes, from 40 lights to 40,000, from boutique shops to volume producers and everyone in between. Their experts work with growers of all sizes to help their gardens thrive. 500 Orient Street Suite 150. 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 . More recently, we have acquired Way to Grow, Home Grown Ventures (HGV) Nutrients, and New England Hydroponics. Cory.Ziskind@icrinc.com, Investors CEA Industries Inc. CEA management will host a conference call today to discuss its financial and operating results, followed by a question-and-answer session. 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. Complete, all-in-one grow packages and grow tent kits are all available with LED, CMH and HPS grow light options and all kits ship FREE! Forward Looking Statements Gross margin was 11.8% compared to 20.2% in the year ago period. 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 We are excited by this opportunity and we look forward to building a leading company in this space.. Third Quarter 2022 Financial Results The Company was formed in October 2020 and has since acquired five 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; and Home Grown Ventures, a Washington-based manufacturer and distributer of a proprietary blend of water-soluble nutrients used for commercial agriculture. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Learn more. Chico, CA 95928. The Hydrobuilder Holdings family of companies can support every size commercial operation. 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. On July 20, 2021, Hydrobuilder Holdings acquired distribution company Home Grown Ventures. CEA Industries Inc. Two Greenfield Openings and Two Relocations as Company Executes Growth Strategy. Hydrobuilder's latest funding round is Unattributed. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. 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. margin items): Huge discounts on grow lights, hydroponics supplies & plant nutrients at Hydrobuilder.com! If you would like to customise your choices, click 'Manage privacy settings'. Together, the six businesses create a leading omnichannel retailer of specialty agriculture and hydroponics equipment and supplies. 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. 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. I have 5+ years of digital content production experience and leading administrative and operational activities. 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. 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. 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. Elevated became one of the industrys first all-in-one cultivation and extraction service providers built around a consultative approach focused on not only selling equipment, but also solutions. 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. 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. 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. Justin, Jordan and their respective teams have built best-in-class companies and have deep domain knowledge. 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. 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 . CEA Industries Inc. ( www.ceaindustries.com ), is home to industry leaders in controlled environment agriculture, with complementary and adjacent companies added to its portfolio when aligned with the companys growth initiatives. The decrease in gross margin was primarily driven by an increase in variable costs (which include the cost of equipment, external engineering costs, shipping and handling, and travel and warranty costs) as a percentage of revenue, as well as the reallocation of certain operating expenses to cost of goods sold. We are delighted to be joining the Hydrobuilder Holdings platform. 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 Bei Erweiterung erscheint eine Liste mit Suchoptionen, die die Sucheingaben so ndern, dass sie zur aktuellen Auswahl passen. 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. 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. Surna Cultivation Technologies LLC and HydrobuilderHoldings LLC have entered into a non-equity strategic allianceto createa One-Stop-Shop for Cult. We provide full-service licensed architectural and mechanical, electrical, and plumbing (MEP) engineering services, carefully curated HVACD equipment, proprietary controls systems, air sanitization, lighting, and benching and racking products. 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. Headquartered in Louisville, Colorado, CEA Industries knows that growth is a team sport. Operating expenses in the third quarter of 2022 were $1.7 million compared to $1.2 million for the same period in 2021. For more information, please visit https://hbhold.com/ . 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. Fax: 888-582-0009. Markus and Avi are world class executives who understand how to drive efficiencies and scale enterprises, both organically and through acquisitions. The presentation of these non-GAAP measures should be considered in addition to our GAAP results and are not intended to be considered in isolation or as a substitute for financial information prepared or presented in accordance with GAAP. By continuing to use this site you are consenting to these choices. 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 . I am incredibly grateful and excited to be working alongside these experts and pioneers within the hydroponics industry as well as professionals from many outside business ventures. Surna Cultivation Technologies Contact: Jamie EnglishVice President, Marketing Communicationsjamie.english@surna.com303.993.5271, Hydrobuilder Contact: Cory ZiskindICRCory.Ziskind@icrinc.com646-277-1232. 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, Internet Explorer is no longer supported. 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 . Founded in 2002 by Ethan Holmes as an online retailer, New England Hydroponics has since grown to five retail locations and one warehouse location in each of Massachusetts and Maine and is now a leading indoor gardening retailer in the strategically important Northeastern market. This will better integrate and support our customers needs across all of our three pillars: e-commerce, retail and commercial. Surna Cultivation Technologies ( www.surna.com ), is an industry leader in CEA facility design and technologies. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. You can read more about your. This particular cultivar is producing some very unique colors and fragrances. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs). Get the latest business insights from Dun & Bradstreet. Q3 was highlighted by strong revenue growth on a sequential and year-over-year basis, reflecting both the benefit of our investments in sales and marketing this year and less disruption to our operations from past supply chain issues, said Tony McDonald, Chairman and CEO of CEA Industries Inc. We recently signed contracts with two non-cannabis vertical agriculture companies, which reflects our focus on diversifying the customer base beyond our traditional cannabis customers.