Surna, Inc. (SRNA)

surna-logo1Surna, Inc develops and manufactures cannabis cultivation equipment. Its primary products are for indoor growing climate control, and it intends to add more to this current product line. Surna is noted for having Zynga co-founder Thomas Douglas Bollich as its top executive, as well as for its acquisitive strategy through which it aims to aggregate technologies, IP, and scalable operating companies.

The climate control products that Surna offers are designed to regulate humidity and temperature in indoor gardens and cultivation facilities. This function is considered essential for growing marijuana. Surna’s climate control system is deemed more efficient than most in the market because it uses water-chilled or water-cooled mechanisms. This also helps reduce plant mold in a closed environment.

Surna also provides commercial air handlers and garden chillers. These are typically part of the climate control system, but they can be purchased separately.

The technologies used in Surna products are from intellectual property (IP) that the company has obtained through acquisitions. For instance, Surna acquired the IP portfolio of the marijuana IP owner Safari Resource Group, Inc. Included in this portfolio is the patented “Airstream” reflector.

Another acquisition of Surna is the cultivation equipment company Hydro Innovations. The co-founder of this company, Stephen Keen, is the original developer of the water-chilled mechanism that is now used in Surna’s system. Hydro Innovations has also become a Surna brand.

Surna, Inc was founded and incorporated in 2009 in Nevada. Today, the company is headquartered in Colorado and has a market cap of USD 48.18 M. It is traded as SRNA in the OTC markets.

Thomas Bollich is now Surna’s Chairman, CEO, and President. He is joined by Executive VP and CFO Douglas McKinnon, as well as General Counsel Tae Elan, who is one of Colorado’s first marijuana lawyers.

Surna, Inc.

1780 55th Street, Suite A
Boulder, CO 80301

Phone: (303) 993-5271

Yahoo! Finance: SRNA News

Latest Financial News for SRNA

Surna Reports Q1 2019 Results

Enters into $5 million sales contract in April/May 2019 for multi-facility operator expansion project  and announces Strategic Plan for Acquisitions and Funding Boulder,.

Surna Signs Two Project Contracts for a Combined Value of $4.7 Million

Surna Inc. (SRNA) announced today that it recently signed two contracts with a combined value of $4.7 million. New facility construction project for $2.2 million: This contract is for a 90,000 square foot indoor cannabis facility that is being built in the Midwest. Payment for the remaining value of the contract, about $2.1 million, is primarily for delivery of HVAC equipment, the timing of which remains uncertain due to construction permitting and typical construction delays—which are outside of our control.

Surna Launches SentryIQ™ Sensors, Controls and Automation Platform

Surna Inc. (SRNA) announces the launch of SentryIQ™, its new sensors, controls and automation platform that will help its customers achieve the precision environmental control, energy management, and advanced automation required by cannabis growers. “As the industry continues to evolve and energy efficiency and precise environmental control gain importance, it became obvious that the existing controls systems in the marketplace were limiting our ability to reach the full potential of the systems we design.

Surna Issues Shareholder Letter and Announces Q4 2018 Earnings Call

Letter Details Strategic Plan and Vision for 2019 BOULDER, Colorado , March 6, 2019 /PRNewswire/ -- Surna Inc. (OTCQB:  SRNA), a designer, engineer and manufacturer of environmental control and air sanitation ...

RMMI Corp. Newell Facility Renovation, Corporate Update and Board Change

CALGARY , Dec. 17, 2018 /CNW/ - RMMI Corp. ("RMMI" or the "Company") (CSE: RMMI) is pleased to provide an update on the renovation of its Newell facility and related activities. Interior demolition of the main building commenced at the beginning of December and is expected to be completed before December 25 , 2018.  Reconstruction and renovation of the building will commence immediately thereafter and is targeted for completion in Q2 2019.  The Company's 23,400 square foot main facility will be capable of supplying the Canadian market with a wide range of cannabis products. The Company believes that with robust environmental controls, full-spectrum controllable LED lighting and precise irrigation control, the Company will be able to produce the highest quality plants while reducing crop risk.  Each growing room will be configured with a wide array of sensors to allow the Company to collect real-time data on growing conditions and climate and continually improve its results.  These systems will allow each room to maintain accurate environmental setpoints for conditions such as humidity and temperature and adjust to variations in internal and external conditions.  The facility is designed to maximize the genetic potential of each strain for terpene profile, flower quality and yield.