Surna Inc. Signs Contract with Vancouver’s Sante Veritas Therapeutic
Contract valued at $835,000 represents Surna’s continued growth in Canada
BOULDER, Colo., Feb. 28, 2017 /CNW/ — Surna Inc. (OTC: SRNA), a technology company that engineers equipment for controlled environment agriculture (CEA) with special expertise in cannabis cultivation, signed a contract with Vancouver’s Sante Veritas Therapeutic to design and provide equipment for the environmental control system in its first commercial cultivation facility. Surna expects to ship and recognize revenue of $835,000 in the third quarter of 2017.
Cannabis for medical use is legal throughout all of Canada, making the market an outstanding opportunity for continued growth. We now have five clients in Canada, and our sales team continues to see significant activity from both new market entrants as well as existing clients planning expansion.
Surna CEO Trent Doucet
Surna’s innovative technology and products address the energy and resource intensive nature of indoor cultivation, enabling companies to both improve product quality and yield while significantly reducing energy and other resource consumption.
“At Sante Veritas, the well-being of our patients and customers will always be our first priority,” said Suzanne Wood, CFO. “We selected Surna because its energy efficient environmental control system provides one of the highest levels of biosecurity and is designed to meet our goal of delivering the absolute highest quality product.”
Headquartered in Boulder, Colorado, Surna Inc. (OTCQB: SRNA) develops and markets novel energy and resource-efficient solutions, including the company’s signature water-cooled climate control platform, which meet the highly specific demands of the cannabis industry for temperature, humidity, light and process control. Surna’s solutions aim to improve the efficiency, reliability, and overall yield of controlled environment agriculture (CEA). Though many of its clients do, Surna neither produces nor sells cannabis. For more information, please visit (www.surna.com).
About Sante Veritas Therapeutic
Sante Veritas is an emerging North American cannabis platform company with the goal of becoming a leading integrated producer and marketer of innovative, branded cannabis products and therapies. SVT is committed to becoming a licensed producer under Canada’s Access to Cannabis for Medical Purposes Regulations (the “ACMPR”). SVT has applied for a license to cultivate and sell medical marihuana pursuant to the ACMPR and, having successfully moved through Stage 5 of Health Canada’s process, is in the process of building out its facility in Powell River, B.C., for final inspection and approval.
Get ahead of the crowd by signing up for 420 Investor, the largest & most comprehensive premium subscription service for cannabis traders and investors since 2013.