Have a confidential news tip? Dont let your products get skipped. Founded in 2011, Hydrobuilder.com is based in Northern California and has rapidly grown to become a leading online retailer of hydroponics and horticultural supplies. This alliance will combine our industry-leading CEA systems engineering and technologies with Hydrobuilder Holdings expansive commercial-first omnichannel platform, creating a one-stop-shop solution for cultivation companies across North America. 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. 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. The Company was formed in October 2020 and has since . 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 . Raphael Gross Hydrobuilder.com is an online retailer of hydroponics and horticultural supplies. 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. Forward Looking Statements 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 . Get the latest business insights from Dun & Bradstreet. Cory.Ziskind@icrinc.com, Investors ICR The management team previously helped Build.com grow to over $1 billion in sales, and has built Hydrobuilder.com into a complete online hydroponic gardening center that is known for having the top product lines, a fast, user-friendly website and knowledgeable employees. Cory.Ziskind@icrinc.com, Investors 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. Gross profit in the third quarter of 2022 was $0.6 million compared to $0.7 million for the same period in 2021. Founded in 2011, Hydrobuilder.com is based in Northern California and has rapidly grown to become a leading online retailer of hydroponics and horticultural supplies. Becoming a part of this rapidly-expanding portfolio of assets will strengthen NE Hydro through strategic and financial resources that can support our combined large and diverse customer base. This press release may contain statements of a forward-looking nature relating to future events. 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 . 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. Hydrobuilder.com has grown to become a leading online retailer of horticultural supplies online. Working with OpenMage PHP framework maintaining a complex e-commerce solution with nearly 30,000 products in the hydroponics industry. The strength of our brands, combined with our technical expertise, industry knowledge and channel coverage will be a huge benefit for our customers. More recently, we have acquired Way to Grow, Home Grown Ventures (HGV) Nutrients, and New England Hydroponics. Way to Grow is a Colorado-based retailer or hydroponic and greenhouse products with 15+ years of industry experience. We, Yahoo, are part of the Yahoo family of brands. 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. 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. What is Hydrobuilder's latest funding round? 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. Surna Cultivation Technologies and Hydrobuilder Holdings Announce Strategic Alliance, Hydrobuilder Holdings Acquires New England Hydroponics and Completes Elevated Warehouse Relocation. 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. I am incredibly grateful and excited to be working alongside these experts and pioneers within the hydroponics industry as well as professionals from many outside business ventures. 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. We continue to strategically invest for growth in a disciplined, cash efficient, and high ROI manner. 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. 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. Relocating Home Grown Ventures from its current facility in Washington State to a new, larger facility in Los Angeles spanning 30,000 square feet, which will allow the Company to meaningfully expand HGVs production capacity. With strong investor support and significant follow-on interest from our investors, we have substantial growth capital to execute our organic and M&A growth strategies, and see significant opportunities to expand these businesses in the rapidly growing hydroponics, specialty gardening and controlled environment agriculture (CEA) markets., Hydrobuilder.com Founder and President, Justin Marshall, commented, Partnering with GreenCoast and joining Hydrobuilder Holdings is a dream come true. Copyright 2023 CB Information Services, Inc. All rights reserved. Hydrobuilder Holdings was formed on the basis of a three-pillar omnichannel strategy in the specialty agriculture and hydroponics equipment and supply industry. 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. 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). Surna Cultivation Technologies ( www.surna.com ), is an industry leader in CEA facility design and technologies. 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. 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 . 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. 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. Also . 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. 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. The strength of our brands, combined with our technical expertise, industry knowledge and channel coverage will be a huge benefit for our customers.. Operating expenses in the third quarter of 2022 were $1.7 million compared to $1.2 million for the same period in 2021. Strategic Expansion to the Northeast Adds Five Locations and Expands Physical Footprint into Seventh and Eighth States. 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. CEA Industries Inc. ET. 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. 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. 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. GlobeNewswire If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. dividendos, dados financeiros, preo da ao e avaliao da empresa num formato visual 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. GreenCoast is one of the largest specialty agriculture products retailers in the USA. 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. We are constantly researching the best products and practices to help you be successful. 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. Investors of Hydrobuilder include Broadband Capital Management and Hydrobuilder Holdings. About CEA Industries Inc. 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 provided a business update on its growth strategy. Surna Cultivation Technologies Contact: Jamie EnglishVice President, Marketing Communicationsjamie.english@surna.com303.993.5271, Hydrobuilder Contact: Cory ZiskindICRCory.Ziskind@icrinc.com646-277-1232. Management Commentary Hydrobuilder Holdings. Hydrobuilder Holdings is the second largest omni-channel platform of specialty agriculture and hydroponics equipment and supplies in the United States, serving commercial and hobbyist growers of . 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 . Justin, Jordan and their respective teams have built best-in-class companies and have deep domain knowledge. For more than 15 years, NE Hydro has built an enviable name for itself as a go-to retail destination for fans, lighting, hydroponic supplies and organic products because of their superior selection and service. Fax: 888-582-0009. This button displays the currently selected search type. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. About. ICR 646-277-1232 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. Mar 2022 - Present1 year 1 month. Hydrobuilder Holdings is uniquely positioned to provide commercial growers and home gardeners with the highest level of service, product selection, education and value. 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. Hydrobuilder Holdings has 1 strategic partners and customers. 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. 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 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. As part of the transaction, the sellers of both Hydrobuilder.com and GreenCoast Hydroponics retained a meaningful equity stake in Hydrobuilder Holdings. CEA Industries Inc. Hydrobuilder.com Founder and President, Justin Marshall, commented, Partnering with GreenCoast and joining Hydrobuilder Holdings is a dream come true. "Hydrobuilder Holdings brings decades of experience and a broad and deep catalog of leading cultivation products, and we're excited to expand our offerings to include Surna's leading design services and HVACD products. Non-GAAP Financial Measures Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. Specializing in both indoor and organic gardening, the experts at NE Hydro work with growers of all sizes to help their gardens thrive. 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. 500 Orient Street Suite 150. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. For more information, please visit https://hbhold.com/. 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. 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. Illinois Adult-Use Cannabis Sales Slow to Begin 2023. Hydrobuilder Holdings secured over $70 million in financing from a broad group of investors, led by Broadband Capital Investments. On January 15th, 2021, Hydrobuilder was acquired by Hydrobuilder Holdings. 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. 203-682-8253 New England Hydroponics specializes in both indoor and organic gardening. margin items): Their latest acquisition was New England Hydroponics on January 04, 2022. Contact us. Hydrobuilder Holdings Sep 2021 - Sep 2022 1 year 1 month. Chico, CA 95928. Copyright 2023 CB Information Services, Inc. All rights reserved. CEA management will host a conference call today to discuss its financial and operating results, followed by a question-and-answer session. I'm a proven marketing and graphic designer with a strong track record of . Surna Cultivation Technologies LLC, a leader in facility design and equipment for cannabis and controlled environment agriculture, announced a partnership with Hydrobuilder Holdings LLC Friday.. Hydrobuilder is included in 1 Expert Collection, including E-Commerce. "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. ICR 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 . This will better integrate and support our customers needs across all of our three pillars: e-commerce, retail and commercial. 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.

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