Surna CEO applauds turnaround, warns of challenges
BOULDER — Surna Inc. (OTC: SRNA), a manufacturer of environmental-control and air-sanitation systems for indoor cannabis-cultivation facilities, has reversed a multi-year trend of negative cash flow, but the Boulder firm is “in no way out of the woods,” according to letter sent to shareholders Tuesday by CEO Tony McDonald.
The letter highlights recent efforts to shift Surna’s core strategies, grow revenues and control costs while acknowledging significance of ongoing challenges for the firm.
Fiscal year 2019 saw Surna achieve profitability for the first time. The firm, which faced questions about its cash flow…