Surna Inc (OTCMKTS: SRNA) is a manufacturer of environmental control and air sanitation systems for indoor cannabis cultivation facilities. The Boulder-based stock operates both in the US and Canada, providing water and energy-efficient solutions.
Thanks to Surna’s help, cannabis growers can meet the demands which successful cannabis cultivation requires. The company has a lot of experience although there have been failures along the way; even those have collectively have helped it to grow into its successful version.
Surna Stock Price Analysis
Surna’s price had a humble start, which is usually the case with greatest success stories. The company experienced massive growth in 2017 after having experienced some period of stability.
The growth extended to early last year, where the stock price was at $0.100. During that time the price grew almost four times to reach around $0.450. Things, however, got rough the entire last year with constant drops (still no sharp drops).
Earlier this year, the drop came to an end, and Surna saw some small surges; however, the damage was already done, the average was already dragged to $0.075. Until March, there was relative stability although there was a decline back to $0.06.
After that, the company’s stock increased again before getting on a continuous drop to where it is currently placed, at $0.0479.
An Overview of Surna Inc
With an array of experience in the industry, Surna has sharpened its expertise offering best solutions alongside teaching clients on ideal conditions for success as well as high-quality marijuana growth.
The company works with a variety of clients, be it an expert or a beginner in the field. The stock has had some ups and downs along the way just like most of the stocks in the industry, but it has gone past them successfully to the point that it’s now placed to take a hike.
Subsequently, Surna Inc. is engaged in the distribution of energy recovery units, chillers, and fan coils. It may seem that there’re no clear-cut updates to trigger a bounce, but technically the stock is on the right track for the big year 2019.
What Surna Inc Has Been Up To
The company had made changes to its management as the year started which clearly had an impact on the stock, seemingly indicating confidence in the stock which is crucial for the price surge. Besides, the new management is proving to propel the company forward in a manner that is required.
Also, not too long ago, Surna signed two project contracts for a combined value of around $4.7 million. The first contract is the new facility construction project for about $2.2 million for a 90,000 sq. Foot indoor marijuana facility built in the Midwest.
The second contract is a facility expansion project for $2.5 million for the 40,000 sq. Foot expansion of the fully operational as well as licensed indoor marijuana cultivation facility.
Another major update was the conversion of $2.76 million of the company’s 10% convertible promissory notes.
The Q4 2018 Report
Recently, Surna issued its Q4 2018 results, and one thing was impressive from the report which points to a bright future for the company. From the report, the revenue for 2018 went up by more than $2 million, compared to that of 2017.
The results meant the stock recorded a significant 33% growth despite the unfriendliness it experienced on the market. Besides, the net loss for 2018 was relatively smaller than that of Q4 2017, meaning the stock is just getting stronger each year.
What Now for Surna?
The company has already set a precise business and strategic plan for this year and 2020, which includes inter-related initiatives too. The plans include such as leveraging the stock brand name, positioning as well as messaging the stock in environmental controls management, and also offering a broader product alongside the service array.
For any indoor grow operation, the firm to look has to be Surna, and given the clear projections the company is working on, the stock is undoubtedly bound to get into an upward movement soon.
For the latest updates on SRNA and the hottest MJ stocks, sign up below!
Disclosure: We have no position in SRNA and have not been compensated for this article.
CBD-infused Coffee is taking the World by Storm and GenTech Holdings (OTC: GTEH) is Set to Capitalize on this Emerging New Trend…
There’s a new player in the high-end CBD food and drinks marketplace that is going widely undetected on Wall Street…
Trading at just pennies, GenTech Holdings (OTC: GTEH) may quickly become a leading household name in the fast-growing CBD arena!
Coffee… It’s more than just a drink it’s a way of life for many people and the latest craze is adding Cannabidiol (CBD) to it. CBD-infused coffee is popping up on menus across the globe.
Some may be surprised that it took this long for CBD-infused coffee to become relevant in the market considering the long list of health benefits that the marijuana component promises to offer.
CBD has become incredibly in demand due to its lack of intoxicating effects (NO THC!) and a possible lower potential for side effects next to many medicines out there.
All kinds of consumers, from athletes to even baby boomers, are recognizing CBD as a wellness product for ailments which include anxiety and chronic pain. CBD has also been used as a treatment for serious conditions such as cancer and epilepsy.
For the marijuana enthusiast who loves coffee, CBD-infused coffee is a brilliant and delicious invention.
Two Hands Corporation (OTC: TWOH) Has Discovered the Road to Massive Profits in Both the Legal CBD Arena and the App Industry!
Two Hands Corporation (OTC: TWOH) may soon be helping investors get one up on on the market as the stock emerges onto Wall Street’s radar…
There is no denying that some of the most successful companies trading on Wall Street are those that are involved in more than one thing.
Take for instance, Facebook and Amazon — two giants on Wall Street.
Amazon has been known for threatening many industries through competitive acquisitions and by creating new products and services. Facebook has branched out from only social media and now has ventures in artificial intelligence and even announced its own cryptocurrency recently!
Two Hands Corporation (OTC: TWOH) is following the cue of these blue-chip dynamos by establishing a presence in TWO massive markets!
Trading at only pennies, here is a company that has a legal CBD venture and two apps that may soon be downloaded by millions…
There may NEVER be a more opportunistic time to see what this company is doing!
Two Hands Corporation (OTC: TWOH) is an organic hemp-based CBD cultivator that strives to offer the highest quality CBD extract derivatives to be exported under Two Hands CBD Lab brand.
As an application development company, Two Hands Corporation (OTC: TWOH) has an app called “Two Hands,” launched in July of 2018, that is an ideal solution that will reduce the stress and worries of co-parenting. “
The company’s “Two Hands Gone” app allows…
GenTech Holdings (OTC: GTEH) is one of the hottest Under the Radar CBD plays you will want to watch closely this year!
The same way that Starbucks changed coffee culture is the way GenTech Holdings (OTC: GTEH) may soon transform cannabis culture and become one of Wall Street’s winning darlings!
We’ve all heard of Big Tobacco and Big Pharm, but there’s another big arena capturing major attention on Wall Street and that’s Big Marijuana…
Marijuana use in America is high and getting even higher and support for legalization is also at an all time high. Legal spending in cannabis hit the $10 billion mark in 2018 and is set to break the $12 billion mark this year.
We are very much in a “Green Rush,” which is the term used to describe the burgeoning legal marijuana industry. Savvy investors have been on the look out for small-cap companies within the space that have potential to become the next big board winners.
The way that Starbucks transformed coffee from a commodity to
GenTech Holdings (OTC: GTEH) is an emerging leader in the high-end CBD food and drinks marketplace.
The company is creating a national chain of Hemp Centric Coffee Shop Retail Spaceswhere patrons…