In Colorado, the recently legalized cannabis industry is
booming, and it’s shown no signs of slowing down. Between 2009 and 2014, the
industry generated over $2 billion in revenue, and forecasts predict sustained
annual growth of approximately 23.3 percent between 2015 and 2019. This
industry growth, along with the expanding medical market for cannabis-related
treatments, is increasing the focus on marijuana cultivation processes
throughout the state.
According to a report by the Colorado Department of Revenue,
an average of more than 300,000 medical plants are cultivated each month, and
the demands of the recreational market are driving continued increases in
cultivation totals moving forward. Surna, Inc. (OTCQB: SRNA) is assisting
cultivators through the manufacture of innovative technology and products that
address the energy and resource intensive nature of indoor cultivation.
In particular, climate control plays a major part in the
quality of product produced. With satisfactory climate control systems,
cultivators can maximize productivity, quality and volume while minimizing
monthly operating expenses. Surna’s proven line of climate control products
addresses this market need. Offering a product line including commercial
chillers, air handlers, dehumidifiers and other essential equipment, the
company has carved out a substantial niche in the country’s most rapidly
expanding industry.
Surna’s most innovative product is the Surna Reflector,
which is hailed as the most efficient reflector on the market. Using
point-source heat removal, the revolutionary tool removes heat created by the
light bulb before it is disseminated throughout the room, providing cultivators
with a reduction in overall cooling costs. In a recent press release, the
company announced that it was closing in on commercialization of this
game-changing system, highlighting the positive feedback received from initial
testing.
In addition to continued product development, Surna’s
financial growth has provided prospective investors with a glimpse of the
company’s potential moving forward. In the first quarter of 2015, Surna
recorded gross revenue of $870,895, which was equivalent to 47 percent of total
revenues from 2014, as well as a 93 percent increase in deferred revenue, as
compared to year-end results.
“We view these results as just the tip of the iceberg for
Surna,” stated Tae Darnell, Principal Executive Officer of Surna. “We see this
market growing exponentially and we intend to continue to execute on being the
preeminent source for technology in cannabis and the CEA (controlled
environment agriculture) space.”
As the cannabis market continues to mature throughout
Colorado and around the country, Surna is in a strong strategic position to
realize near limitless growth. Look for the company to continue increasing
market share in the months to come, providing the opportunity for sustained
investor returns for the foreseeable future.
For more information, visit www.surna.com
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