Surna announces reverse stock split

LOUISVILLE — Surna, the trade name for CEA Industries Inc., (OTC: SRNA) announced a 150-to-one reverse stock split. The split was affected last week. 

The split reduced the total shares of Surna, which manufactures grow equipment for the cannabis industry, to 200 million shares of common stock and 25 million shares of preferred stock. 

This comes on the heels of a big 2021 for Surna. Its last quarterly report saw its revenues more than double year-over-year, with its backlog increasing by 21%.