$SRNA Surna’s Story Headquartered in Boulder,
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Headquartered in Boulder, CO, Surna (OTCQB: SRNA) engineers and manufactures innovative technology and products that address the energy and resource intensive nature of indoor cultivation. Surna’s current focus lies in supplying industrial solutions to commercial indoor cannabis cultivation facilities.
Surna’s diverse engineering team is tasked with creating novel energy and resource efficient solutions, including our signature liquid-cooled climate control platform.
Our engineers continuously seek to create technologies that allow growers to easily meet the highly specific demands of a cannabis cultivation environment through temperature, humidity, light and process control.
Surna’s goal is to provide intelligent solutions that improve the quality, control and overall yield and efficiency of indoor cannabis cultivation. The Company’s operations exclude the production or sale of marijuana.
Why Cannabis?
Right now, there is a phenomenal opportunity to integrate garden-specific technology into the cannabis industry. As the industry grows, efficient technology will be needed to keep up with demand for product.
Between 2013 and 2015, the cannabis industry grew 72.2% with $5.4 billion in revenue generated in 2015; growth is expected to increase to 30% annually between 2014 and 2020.
Cannabis is currently the fastest growing industry in the US. With more states legalizing every few months (currently 25 states have legalized medical marijuana and four have legalized recreational use), it is only a matter of time until legalization becomes the norm.
It is important to note that because Surna does not actually touch the cannabis plant, it is not affected by any cannabis-related regulations. This allows Surna to operate worldwide with systems currently in place in the US, Canada, Australia, South Africa and more.
Surna’s Future
Ultimately, Surna envisions the cannabis industry expanding horizontally and spinning off related and conventionally regulated new sectors such as food products, nutraceuticals, pharmaceuticals, biotechnology, remote agriculture monitoring technologies and many more.
Additionally, our water-chilled climate control systems have the potential to be used in any commercial buildings, bringing affordable water-chilling technology to small and mid-size buildings.