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Sunday, November 27, 2022

Record Volume Transforms Surna Inc (OTCMKTS:SRNA)

Surna Inc (OTCMKTS:SRNA) has been trading record volume in recent sessions emerging as one of the top traded stocks on the entire bb’s. The stock has also begun to move up fast quickly attracting a fast growing shareholder base who believes this one is ready to run.

SRNA has a long history of big moves skyrocketing in early 2014 from $0.175 to $8.73 before collapsing with the rest of the sector after the CANN halt. SRNA is one to watch if the sector heats up and there are plenty of reasons to suggest it will including Canada’s new prime minister promising legalization immediately, DEA being told by California judge to stop interfering with dispensaries, billionaire Richard Branson suggesting a decriminalization amendment in the U.N. 6,000 non-violent drug offenders were released Nov 1st, Australia lifting ban on medical MJ, New York opening medical mj dispensaries January, Colorado revenues skyrocketing and much more.

Surna Inc (OTCMKTS:SRNA) mission is to acquire intellectual property and scalable operating companies in the nascent, legal marijuana industry with a focus on disruptive technology, equipment and related support services. The young Company is led by Stephen Keen, a highly successful lifelong serial entrepreneur and co-founder of Hydro Innovations.

SRNA bills itself as a pure play on explosive growth in the cannabis industry, while being agnostic as to the escalating proliferation of regulated, commodity cannabis growers & sellers, winners or losers; its business model excludes the production or sale of marijuana. ArcView industry research projects the highly fragmented $2.3 billion US cannabis industry will increase over four-fold to $10.2 billion by 2018.

Surna has been very successful in getting its name into the mainstream media; in October of last year they said multiple, major media organizations outlets — including Entrepreneur Magazine and Huffington Post — have featured Surna and its role as a technology leader in the legal cannabis industry.

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Back in March SRNA said over the course of the next two weeks, it will ship the beta version of its groundbreaking Surna Reflector. Surna will release 50 of its energy saving light Reflectors for beta testing amongst various high-end commercial cannabis cultivation facilities and industry consultants between multiple states that have state-approved cannabis cultivation (including Colorado and Washington).

The Reflector has three design configurations: vented, forced-air, and liquid-cooled. The engineering within the reflector provides cannabis grow operations with technologically superior heat transfer and light on target capabilities, resulting in substantial reduction in energy consumption and substantially lower operating expenses. All 50 beta units shipping in this round will be of the liquid-cooled variety.

On December 24 SRNA announced the appointment of Trent Doucet to Surna’s Board of Directors. Doucet, who was named Surna’s Chief Operating Officer in November of this year, brings vast experience, which spans from technology disciplines such as hosted software, cloud computing and managed IT services, to industries including aviation and manufacturing environmentally-friendly consumer products.

CEO Stephen Keen said “Thank you to Tae for his service in helping us bring Surna to where we are today, we wish Tae the best of luck in all future endeavors. We are pleased to welcome Trent to the Board of Directors. Trent has provided great leadership to the Surna team in his role as COO thus far. We believe having his professional experience on the Board will continue to allow the Company to lead the industry in cultivation product innovation as we navigate the path toward profitability.”

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Currently trading at a $9 million market valuation SRNA has little assets and growing debt. But SRNA is an exciting story developing in small caps; the Company engineers state-of-the art equipment for controlled environment agriculture with expertise in cannabis cultivation and boasts exploding revenues reporting $2,548,845 in sales for the six months ended June 30, 2015, up 635% from last year. SRNA is also trading record volume and has fast emerged as a volume leader with a number of signals suggesting big things. We will be updating SRNA as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with SRNA.

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Disclosure: we hold no position in SRNA either long or short and we have not been compensated for this article.

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