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Sunday, November 27, 2022

Surna Inc (OTCMKTS:SRNA) Is Todays Stock Spotlight

Surna Inc (OTCMKTS:SRNA) continues to move up in recent weeks making higher highs and higher lows since reversing off $0.0425 lows last month.

SRNA has already shown the investment community it can move; when the stock first hit the bb’s in March of last year it ran from $0.175 to $8.73 before collapsing with the rest of the sector after the CANN halt.

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 Tom Bollich, the visionary technologist who co-founded famed gaming company Zynga which ultimately rose to a $10 billion market valuation.

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.

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 September 16 SRNA announced initial pre-order numbers for the Surna Reflector and a strategic collaboration with a third party for the assembly and support of the Surna Reflector.

Cannabis cultivator, NuLeaf, has agreed to purchase eighty percent of Surna’s first production build of their water-cooled Reflector in a $507,795 deal. “We’re excited to be leading the drive for innovation in the cannabis sector with the installation of over 400 of Surna’s Reflectors in our new facility in Reno,” stated Tim Schick, Chief Executive Officer of NuLeaf. The Reflectors will be installed as a subsection of a complete Surna climate control system. The remainder of the first production Reflector build is intended to go to smaller facilities.

CEO Stephen Keen said “The Surna team is very excited to have NuLeaf as one of its early adopters for our groundbreaking Reflector. We understand how significant this product will be to the industry, and we’re looking forward to successfully demonstrating its capabilities in NuLeaf’s facilities.

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Currently trading at a $20 million market valuation SRNA has little assets and growing short term 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. 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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