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. Have questions about your grow? If you would like to customise your choices, click 'Manage privacy settings'. 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. 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 . Markus and Avi are world class executives who understand how to drive efficiencies and scale enterprises, both organically and through acquisitions. 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. Media Contact: Hydrobuilder Holdings acquired 5 companies. 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. 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 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. Dont let your products get skipped. The technology behind the business increases automation and saves time which leads to cost savings for the customer. Senior management is known throughout the industry as experts in design of large-scale industrial growing facilities. Q3 Revenue up 68% QoQ and 37% YoY to $5.1 Million Net loss per share for the third quarter of 2022 was lower than the net loss per share in the year-ago quarter due to higher issued and outstanding shares as of the third quarter of 2022. Surna Cultivation Technologies (www.surna.com), is an industry leader in CEA facility design and technologies. 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 the $3.0 billion North American CEA market, and serving the entire spectrum of customers from hobbyists to the largest commercial growers through its . 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. About. 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. 646-277-1232 We have been judicious in our approach to M&A and our patience has paid off given the contraction in valuation multiples for many of the targets we have evaluated. The strength of our brands, combined with our technical expertise, industry knowledge and channel coverage will be a huge benefit for our customers. When expanded it provides a list of search options that will switch the search inputs to match the current selection. "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. 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 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. Surna Cultivation Technologies and Hydrobuilder Holdings Announce Strategic Alliance, Surna and Hydrobuilder Holdings LLC have entered into a non-equity strategic alliance to create a One-Stop-Shop for Cultivation Companies. Hydrobuilder.com has grown to become a leading online retailer of horticultural supplies online. 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. Third Quarter 2022 Financial Results CEA Industries Inc. 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. Claim your profile to get in front of buyers, investors, and analysts. 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 . 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 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. 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. CEA Industries Inc. 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. The combined knowledge and experience will allow us to take the Hydrobuilder.com platform and apply it to some of the most successful brick-and-mortar stores in our space by utilizing our custom IT infrastructure, which enhances automation while also providing an omni-channel approach to sales for our customers. Hydrobuilder's latest funding round is Unattributed. Buy Local & Grow Local With The Hydrobuilder Holdings Family. Justin, Jordan and their respective teams have built best-in-class companies and have deep domain knowledge. Promote your product offering to tech buyers. 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. Surna Cultivation Technologies LLC and HydrobuilderHoldings LLC have entered into a non-equity strategic allianceto createa One-Stop-Shop for Cult. Hydrobuilder Holdings secured over $70 million in financing from a broad group of investors, led by Broadband Capital Investments. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. Forward Looking Statements 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. Hydrobuilder Holdings recently partnered with Surna on November 11, 2022. 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 . 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. Hydrobuilder Holdings Aug 2021 - Feb 2023 1 year 7 months. 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. The increase was primarily attributed to some recovery in the supply chain that enabled delivery of products with fewer delays. 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. Opening the first Elevated Equipment Supply location outside of California in Jackson, Michigan spanning 45,000 square feet in the first quarter of 2022. Net bookings in the third quarter of 2022 were $2.2 million compared to $5.6 million in the year-ago period. This press release may contain statements of a forward-looking nature relating to future events. Interested parties may submit questions to the Company prior to the call by emailing info@ceaindustries.com . 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. Find out more about how we use your personal data in our privacy policy and cookie policy. 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. What is Hydrobuilder's latest funding round? 646-277-1232 The Hydrobuilder Holdings family of companies can support every size commercial operation. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Headquartered in Louisville, Colorado, CEA Industries knows that growth is a team sport. 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. You can read more about your cookie choices at our privacy policyhere. 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 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 the $3.0 billion North American CEA market, and serving the entire spectrum of customers from hobbyists to the largest commercial growers through its . 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. Get ahead of the crowd by signing up for420 Investorwhen it becomes available again. 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 . AD Their experts work with growers of all sizes to help their gardens thrive. 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. The NCV Newswire is hand-curated by an editor and not automated in anyway. 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. Surna Cultivation Technologies and Hydrobuilder Holdings Announce Strategic Alliance, Hydrobuilder Holdings Acquires New England Hydroponics and Completes Elevated Warehouse Relocation. By continuing to use this site you are consenting to these choices. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs). To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. The strength of our brands, combined with our technical expertise, industry knowledge and channel coverage will be a huge benefit for our customers.. Secures over $70 million in financing from broad base of investors. 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. Raphael Gross More recently, we have acquired Way to Grow, Home Grown Ventures (HGV) Nutrients, and New England Hydroponics. CBI websites generally use certain cookies to enable better interactions with. 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. 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. 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. Consume less // Produce more Here are some before and after shots of the #greenhouse I've been developing! 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. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Hydrobuilder.com Founder and President, Justin Marshall, commented, Partnering with GreenCoast and joining Hydrobuilder Holdings is a dream come true. 203-682-8253 BCI (and/or its affiliates) was the founding investor in Vroom.com (Nasdaq: VRM), a leading used car e-commerce company, co-led the management buyout of Hydrofarm Holdings (Nasdaq: HYFM), a leading hydroponics manufacturer and distributor, prior to its initial public offering, and invested in Montrose Environmental (NYSE: MEG), an environmental services provider offering measurement & analytical services as well as environmental resiliency & sustainability solutions. 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. Warrant (ticker: CEADW) pgina de aes. About CEA Industries Inc. 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. We have worked closely with Tony and the Surna team over the past few months to establish this value-added alliance that brings quality, convenience and simplicity to our customers, said Dustin Bertram, Hydrobuilder Holdings Chief Commercial Officer. The Companys quarter-end backlog was $6.8 million compared to $9.9 million for the same period in 2021. 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. ICR Third Quarter 2022 Financial Highlights (in $ thousands, excl. Conference Call As part of the transaction, the sellers of both Hydrobuilder.com and GreenCoast Hydroponics retained a meaningful equity stake in Hydrobuilder Holdings. 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. ET. 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. Cory.Ziskind@icrinc.com, Investors Investors of Hydrobuilder include Broadband Capital Management and Hydrobuilder Holdings. 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. About Hydrobuilder Holdings. Cory Ziskind 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 . 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. Hydrobuilder Holdings was initially formed through the acquisitions of Hydrobuilder.com, GreenCoast Hydroponics, and Elevated Equipment Supply. 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. ICR Hydrobuilder Holdings was formed on the basis of a three-pillar omnichannel strategy in the specialty agriculture and hydroponics equipment and supply industry. 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. 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 . Illinois Adult-Use Cannabis Sales Slow to Begin 2023. Operating expenses in the third quarter of 2022 were $1.7 million compared to $1.2 million for the same period in 2021. 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. Warrant (ticker: CEADW)pagina de aciuni. We are constantly researching the best products and practices to help you be successful. 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. 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. 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 have worked closely with Tony and the Surna team over the past few months to establish this value-added alliance that brings quality, convenience and simplicity to our customers, said Dustin Bertram, Hydrobuilder Holdings Chief Commercial Officer. Way to Grow is a Colorado-based retailer or hydroponic and greenhouse products with 15+ years of industry experience. Secures over $70 million in financing from broad base of investors. We are a family of businesses that include over 20 retail locations in various parts of the country. 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. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. 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. 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. 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.

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