Surna claims $5.5M in bookings for cannabis growhouse equipment

Dan Mika

BOULDER — Surna Inc. (OTCQB: SRNA) said it booked $5.5 million worth of sales in the first quarter of 2021, amounting to a 51% jump compared to the prior quarter.

The Boulder producer of environmental control systems for cannabis growhouses and other indoor agriculture uses said in a statement that the jump in sales is the culmination of market uncertainty waning within the broader cannabis market.

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The $5.5 million in bookings is 388% higher than the first quarter of 2020.

“We realize that Q1 is now in the rear-view mirror, but we believe Surna is well positioned to continue to deliver strong growth and is preparing for more client wins, new product rollouts, and an expansion of new service offerings,” Surna CEO Tony McDonald said in a statement.

Surna’s optimism is mirrored somewhat by the performance of urban-gro Inc. (Nasdaq: UGRO), a Lafayette company with significant operations in the indoor cannabis engineering sector. Urban-gro raised $62.1 million in its initial public offering on the Nasdaq Capital Market in February, with its fundraising target growing multiple times over after originally filing to raise $13.1 million last November.

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