Indoor cultivation is a prevalent exercise. But how would it not be if a company such as Surna Inc. (OTCMKTS: SRNA) has been supporting indoor growers for more than 15 years. The industry leader in controlled environment agriculture (CEA) offers solutions to over 800 cultivators, whereby over 200 of them are large and commercial projects.
The COVID-19 pandemic happened to everyone, pushing a majority to adjust their operations where they deemed fit. Yet, seemingly, Surna still accomplished tangible milestones in its revenue results. In its Q2 2021 financial results, the company reported a 168% year-over-year increase translating to $4.5 million. This was over and above $1.7 million in the same quarter of 2020. In addition, total gross profit increased from $0.3 million years over year to $1.3 million.
“In the second quarter we saw the second-best quarter in our history for revenue and adjusted net income…,” Surna’s Chairman & CEO Tony McDonald noted.
Execution of Organic Growth Strategies
Addressing new markets, adding new products and services are some of the critical strategies of Surna Inc. The trade name would later change to Surna Cultivation Technologies. The company also introduced architectural design services and an EnviroPro air handler line.
It is not easy to come by a team with extensive experience and knowledge in commercial construction and CEA. However, the company integrates technology systems, specialists, and experts to keep construction projects rolling, including those on a tight budget. However, since the pandemic is still troubling in different ways, Surna is very cautious with its operations and sales efforts. Production and shipping delays from suppliers are the biggest headaches today.
The Introduction of Architectural Design by Surna Cultivation Technologies
Efficient design, deep expertise, flexibility, and long-term support are among the many services the architectural design offers. McDonald says he is confident that they will take the company closer to their customers, given that it is the backbone of the construction project.
The Green Organic Dutchman Holdings (OTC: TGODF) Releases an Update on its Canadian Securities Exchange Listing
Post Views: 4 The Green Organic Dutchman Holdings (OTC: TGODF) is a top producer of organically-grown, premium certified marijuana, and it...
Next Green Wave Holdings Inc (OTCMKTS: NXGWF) Announces the Resignation of One of Its Directors
Post Views: 55 Next Green Wave Holdings Inc (OTCMKTS: NXGWF) recently announced that a Director had resigned from this position. The...
AFC Gamma Inc (NASDAQ: AFCG) Increases Quarterly Dividend by 13.2% per Share, and the Group Expands its Senior Secured Credit Facility with Devi Holdings, Inc. by $30 Million
Post Views: 26 AFC Gamma Inc (NASDAQ: AFCG) recently announced a dividend for the quarter ending September 30, 2021. The...
TerrAscend Corp (OTCMKTS: TRSSF) Acquisition of Gage Cannabis Receives Pre-Qualification Approval
Post Views: 53 TerrAscend Corp (OTCMKTS: TRSSF) is a leading cannabis operator based in North America that recently announced it had...
Jushi Holdings Inc (OTCMKTS: JUSHF) Opens 15th Store in Pennsylvania, Acquires Nature’s Remedy, and Announced Launch of Flower Brands
Post Views: 2 Jushi Holdings Inc (OTCMKTS: JUSHF), through its subsidiary, Franklin Bioscience – SE LLC. BEYOND / HELLO™ Colwyn...
FinCanna Capital Corp (OTCMKTS: FNNZF) Set to launch its “Big Fish” Cannabis-Based Edibles Brand
Post Views: 3 FinCanna Capital Corp (OTCMKTS: FNNZF) is an investment corporation for the United States licensed cannabis market that recently...