BOULDER, Colorado and OAKLAND, California, June 20, 2016 /PRNewswire/ —
Surna Inc. (OTCQB: SRNA), a technology company that engineers state-of-the art equipment for controlled environment agriculture (CEA) with special expertise in cannabis cultivation, will exhibit at the National Cannabis Industry Association (NCIA) 3rdAnnual Cannabis Business Summit held at the Oakland Marriott City Center, 1001 Broadway from June 20th through June 22nd. Attendees can see product demonstrations in Booth 9 or hear Surna’s Director of Technology Stephen Keen participate in a panel entitled “Advanced Growing Techniques: Methods and Design Strategies for Large Scale Commercial Operations” at 3:00 on June 21st.
Surna’s VP of Sales Brandy Keen stated, “NCIA hosts one of the premier events in the cannabis industry attracting business owners, entrepreneurs, investors, and policy influencers from across the globe. We are excited to participate again and expect to foster existing relationships, educate prospective customers and increase brand awareness for our complete climate control solution, reflectors and system integration support.”
NCIA Cannabis Business Summit & Expo
The Cannabis Business Summit is positioned for business owners and operators across multiple verticals in the cannabis industry and offers a meeting ground for investors and entrepreneurs to connect with legitimate buyers and sellers already established in the market, as well as with the brightest minds behind promising start-ups. The Summit will feature CA Lt. Gov. Gavin Newsom, industry leaders, federal lawmakers and three days of in-depth education and networking in the nation’s largest legal marijuana market. More information about the Summit, including a full list of speakers and a detailed agenda, can be found at CannabisBusinessSummit.com.
The National Cannabis Industry Association (NCIA) is the largest cannabis trade association in the U.S. and the only organization representing cannabis-related businesses at the national level. NCIA promotes the growth of a responsible and legitimate cannabis industry and works toward a favorable social, economic, and legal environment for that industry in the United States.
Surna Inc. (http://www.surna.com) (OTCQB: SRNA) develops innovative technologies and products that monitor, control and address the energy and resource intensive nature of indoor cannabis cultivation. Currently, the company’s revenue stream is based on its main product offerings – supplying industrial technology and products to commercial indoor cannabis grow facilities.
Headquartered in Boulder, CO, Surna’s diverse engineering team is tasked with creating novel energy and resource efficient solutions, including the company’s signature water-cooled climate control platform. Surna’s engineers continuously seek to create technology that solve the highly specific demands of the cannabis industry for temperature, humidity, light and process control.
Surna’s goal is to provide intelligent solutions to improve the quality, the control and the overall yield and efficiency of controlled environment agriculture (CEA). Though its clients do, the company neither produces nor sells cannabis.
Forward Looking Statements
This press release contains forward-looking statements regarding the Company’s future business expectations, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including Surna’s ability to monetize service components, Surna’s support of premium prices for existing products, commercialization of research and development efforts and continued expansion of legal cannabis markets. Other risks and uncertainties include, among others, risks related to new products, services, and technologies, government regulation and taxation, and fraud. In addition, the current global economic climate amplifies many of these risks. More information about factors that potentially could affect Surna’s financial results is included in Surna’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Statement About Cannabis Markets
The use, possession, cultivation, and distribution of cannabis is prohibited by federal law. This includes medical and recreational cannabis. Although certain states have legalized medical and recreational cannabis, companies and individuals involved in the sector are still at risk of being prosecuted by federal authorities. Further, the landscape in the cannabis industry changes rapidly. What was the law last week is not the law today and what is the law today may not be the law next week. This means that at any time the city, county, or state where cannabis is permitted can change the current laws and/or the federal government can supersede those laws and take prosecutorial action. Given the uncertain legal nature of the cannabis industry, it is imperative that investors understand that the cannabis industry is a high-risk investment. A change in the current laws or enforcement policy can negatively affect the status and operation of our business, require additional fees, stricter operational guidelines and unanticipated shut-downs.
Katie O’Block, VP of Marketing, Katie@surna.com, +1-303-993-5271 ext. 101
Kirsten Chapman, LHA Investor Relations, +1-415-433-3777, email@example.com