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. Contributing original content and curating quality news on only the most promising cannabis companies and the most influential investors. 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. More recently, we have acquired Way to Grow, Home Grown Ventures (HGV) Nutrients, and New England Hydroponics. Net bookings in the third quarter of 2022 were $2.2 million compared to $5.6 million in the year-ago period. These bucket systems can accommodate 232 tomato Markus and Avi are world class executives who understand how to drive efficiencies and scale enterprises, both organically and through acquisitions. Surna Cultivation Technologies (www.surna.com), is an industry leader in CEA facility design and technologies. November 10, 2022 09:15 ET 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 and specialty . Specializing in both indoor and organic gardening, the experts at NE Hydro work with growers of all sizes to help their gardens thrive. 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. Raphael Gross Hydrobuilder Holdings secured over $70 million in financing from a broad group of investors, led by Broadband Capital Investments. For more information, please visit https://hbhold.com/ . 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. We continue to strategically invest for growth in a disciplined, cash efficient, and high ROI manner. Secures over $70 million in financing from broad base of investors. Submitters are 7x more likely to receive a qualified connection. Time: 4:15 p.m. Opening the first Elevated Equipment Supply location outside of California in Jackson, Michigan spanning 45,000 square feet in the first quarter of 2022. Headquartered in Louisville, Colorado, CEA Industries knows that growth is a team sport. Some additional pics from the last nights photo shoot. 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. 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. Third Quarter 2022 Financial Highlights (in $ thousands, excl. We are constantly researching the best products and practices to help you be successful. 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. You can read more about your cookie choices at our privacy policyhere. Surna Cultivation Technologies ( www.surna.com ), is an industry leader in CEA facility design and technologies. Cory.Ziskind@icrinc.com, Investors 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. This will better integrate and support our customers needs across all of our three pillars: e-commerce, retail and commercial. Charlotte Metro . Mr. Hockenson previously served as President and Chief Executive Officer of International Car Wash Group and Vision Group Holdings, and has served in leadership positions at Enterprise Rent-a-Car, Starbucks, Advance Auto Parts, and TBC Corporation (Tire Kingdom). 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. The increase was primarily attributed to some recovery in the supply chain that enabled delivery of products with fewer delays. ET When expanded it provides a list of search options that will switch the search inputs to match the current selection. AD The strength of our brands, combined with our technical expertise, industry knowledge and channel coverage will be a huge benefit for our customers.. 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. Hydrobuilder is included in 1 Expert Collection, including E-Commerce. GreenCoast is one of the largest specialty agriculture products retailers in the USA. CEA Industries Inc. 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 . These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Opening a GreenCoast Hybrid (retail and commercial warehouse direct) location in Tulsa, Oklahoma spanning 45,000 square feet in the second quarter of 2022. 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. The strength of our brands, combined with our technical expertise, industry knowledge and channel coverage will be a huge benefit for our customers.. Find out more about how we use your personal data in our privacy policy and cookie policy. Surna Cultivation Technologies LLC and HydrobuilderHoldings LLC have entered into a non-equity strategic allianceto createa One-Stop-Shop for Cultivation Companies. 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 . On January 15th, 2021, Hydrobuilder was acquired by Hydrobuilder Holdings. These bucket systems can accommodate 232 tomato For more information, please visit https://www.nehydro.com/, Media | Source: 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. AD 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.com is an online retailer of hydroponics and horticultural supplies. 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. 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. 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 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. With this combination we'll be able to scale and automate at a far greater speed than what was possible on our own. 500 Orient Street Suite 150. Last week, we announced a significant new non-equity strategic alliance with Hydrobuilder Holdings LLC, a leading omnichannel platform with 22 retail locations and 10 warehouses serving the indoor and outdoor CEA and hydroponics industry. What is Hydrobuilder's latest funding round? This quarter-end backlog is expected to generate revenue over the next 18 months. Hydrobuilder Holdings was initially formed through the acquisitions of Hydrobuilder.com, GreenCoast Hydroponics, and Elevated Equipment Supply. Denver Metropolitan Area Chief Operating Officer Carrols Corporation Feb 2021 - Sep 2021 8 months. 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. Hydrobuilder Holdings LLC ("Hydrobuilder Holdings" or "the Company") a leading omni-channel retailer of specialty agriculture and hydroponics equipment and supplies, today announced the . The Companys quarter-end backlog was $6.8 million compared to $9.9 million for the same period in 2021. Cory Ziskind This is Hydrobuilder Holdings' 4th transaction in the United States. Way to Grow is a Colorado-based retailer or hydroponic and greenhouse products with 15+ years of industry experience. Senior management is known throughout the industry as experts in design of large-scale industrial growing facilities. AD "Hydrobuilder Holdings brings decades of experience and a broad and deep catalogue of leading cultivation products, and we're excited to expand our offerings to include Surna's leading design services and HVACD products. This particular cultivar is producing some very unique colors and fragrances. Louisville, Colorado, Nov. 14, 2022 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ: CEAD, CEADW) (CEA Industries or the Company), a leader in controlled environment agriculture (CEA) systems engineering and technologies, is reporting results for the three months ended September 30, 2022. 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 . Have a confidential news tip? 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. About Hydrobuilder Holdings<br><br>Hydrobuilder Holdings (HBH) was initially formed through the acquisitions of , a leading online retailer of hydroponics and horticultural supplies, Green Coast Hydroponics, the second-largest hydroponics retailer in the United States, and Los Angeles, Calif.<br><br>-based Elevated Equipment Supply, full-service equipment and supplies provider for the . Secures over $70 million in financing from broad base of investors. Contact us. 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. Hydrobuilder Holdings is uniquely positioned to provide commercial growers and home gardeners with the highest level of service, product selection, education and value. 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. We, Yahoo, are part of the Yahoo family of brands. This button displays the currently selected search type. 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 Their experts work with growers of all sizes to help their gardens thrive. 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. 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, 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; Home Grown Ventures, a Washington-based manufacturer and distributer 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. 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. 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 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. 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 . Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Hydrobuilder Holdings (HBH) was initially formed through the acquisitions of Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies, GreenCoast Hydroponics, the . For more information, please visit https://hbhold.com/, New England Hydroponics was founded in 2002 by Ethan Holmes and now operates five retail locations and one warehouse location in Massachusetts and Maine. 646-277-1232 Hydrobuilder Holdings was formed on the basis of a three-pillar omnichannel strategy in the specialty agriculture and hydroponics equipment and supply industry. The new greenfield locations will extend the Companys physical footprint into its 5th and 6th states, while continuing to serve all 50 states through its eCommerce channel, and will enable the Company to further capture share in the large and rapidly growing $12.5 billion indoor and outdoor CEA industry, including hydroponics, with a current focus on the $3.0 billion North American CEA market. Surna Cultivation Technologies and Hydrobuilder Holdings Announce Strategic Alliance, Hydrobuilder Holdings Acquires New England Hydroponics and Completes Elevated Warehouse Relocation. Raphael.Gross@icrinc.com, Internet Explorer presents a security risk. 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. Raphael Gross 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 As the global environment for indoor cultivation continues to grow, CEA Industries was formed to embrace companies that support these ecosystems. 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 . 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 . 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 . 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. 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. Our relocation to a new state of the art warehouse will enable us to efficiently and effectively service our growing commercial customer segment, while relieving capacity constraints we experienced at our legacy location. Fax: 888-582-0009. This press release may contain statements of a forward-looking nature relating to future events. Third Quarter 2022 Financial Results CEA management will host a conference call today to discuss its financial and operating results, followed by a question-and-answer session. So if you need something today, please visit and support a local hydroponic store near you! We purpose-built our omnichannel platform with strategic acquisitions in California, and have since expanded to Colorado with our acquisition of Way to Grow, and are now expanding our commercial warehouse direct business to Michigan and our hybrid retail model to Oklahoma. Learn more about us and our commitment to excellence. By continuing to use this site you are consenting to these choices. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. 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. On July 20, 2021, Hydrobuilder Holdings acquired distribution company Home Grown Ventures. Cory.Ziskind@icrinc.com, Internet Explorer presents a security risk. Management Commentary Chico, CA 95928. 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. 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. 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. Surna Cultivation Technologies (www.surna.com), is an industry leader in CEA facility design and technologies. 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. 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 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. CBI websites generally use certain cookies to enable better interactions with. Hydrobuilder Holdings secured over $70 million in financing from a broad group of investors, led by Broadband Capital Investments. 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 . PALM BEACH, Fla.--(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. You can read more about your. Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions. 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. This is Hydrobuilder Holdings' 1st transaction in the Distribution sector. 646-277-1232 The decrease in the Companys net bookings and backlog for the third quarter of 2022 was primarily driven by fewer new orders to replace the Companys backlog as it recognized revenue during the quarter. Together, the six businesses create a leading omnichannel retailer of specialty agriculture . 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. Also . Its the largest & most comprehensive premium service for cannabis investors since 2013. 646-277-1232 CEA Industries Inc (ticker: CEAD) Osakesivu. 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 .
Shawn Hornbeck Today, Captain Lee Children Adopted, Sayville New York Obituaries, Articles H