A PLATFORM FOR
AGRICULTURAL INNOVATION
August 2023 Presentation
DISCLAIMER
Forward Looking Statements
This investor presentation may contain statement of a forward-looking nature relating to future events. These forward-looking statement are subject to the inherent uncertainties in predicting future results and conditions. These statement reflect our current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this investor presentation, including the factors set forth in "Risk Factors" set forth in our annual and quarterly reports filed with the Securities and Exchange Commission ("SEC"). and subsequent filings with the SEC. Please refer to our SEC filings for a more detailed discussion of the risks and uncertainties associated with our business, including but not limited to the risks and uncertainties associated with our business prospects and the prospects of our existing and prospective customers; the inherent uncertainty of product development; regulatory, legislative and judicial developments, especially those related to changes in, and the enforcement of, cannabis law; increasing competitive pressures in our industry; and relationships with our customers and suppliers. Except as
required by the federal securities laws, we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events of otherwise. The reference to CEA Industries' website has been provided as a convenience, and the information contained on such website is not incorporated by reference into this investor presentation.
Non-GAAP Financial Measures
To supplement our financial results on U.S. generally accepted accounting principles ('GAAP") basis, we use non-GAAP measures including net bookings and backlog, as well as adjusted net income (loss) which reflects adjustments for certain non-cash expenses such as stock-based compensation, certain debt-related items and depreciation expense. We believe these non-GAAP measures are helpful in understanding our past performance and are intended to aid in evaluating our potential future results. The presentation of these non-GAAP measures should be prepared or presented in accordance with GAAP. We believe the non-GAAP financial measures reflect an additional way to view aspects of our operations that, when viewed with out GAAP results, provide a more complete understanding of factors and trends affecting our business. For purposes of this presentation, (i) "adjusted net income (loss)" and "adjusted operating income (loss)"
mean GAAP net income (loss) and operating income (loss), respectively, after adjustment for non-cash equity compensation expense, debt-related items and depreciation adjustments including
cancelations and change orders during the quarter.
Statement about Cannabis Markets
The use, possession, cultivation, and distribution of cannabis is prohibited by U.S. federal law. This includes medical and recreational cannabis. Although certain stated 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. 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 investments in the cannabis industry should be considered very high risk.
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.
2
Nasdaq:CEAD
COMPANY OVERVIEW
CEA SERVICES & SOLUTIONS
Equipment and | Licensed Architectural |
Control Systems | & MEP Engineering |
"One-stop-shop" services and solutions to controlled environment agriculture (CEA) facilities across North America
Nasdaq:CEAD
Headquarters: Louisville, CO
End Markets include both Cannabis & Traditional Agriculture
Most Services Performed under Operating Subsidiary, Surna Cultivation Technologies
FY'22 Revenue of $11.3 Million
June 30 Cash Balance
of $14.2 Million
3
CONTROLLED ENVIRONMENT AGRICULTURE
40%+ | 70%+ |
arable land has suffered | global freshwater |
farming degradation | used by agriculture |
- PNAS, 2018 | - Worldbank, 2019 |
CEA is capable of
increasing output
yield by 10-50x
versus traditional field farming.
4
Nasdaq:CEAD
CEA DEMAND IS GROWING
68%
of global consumers prefer locally branded vegetables
95%
of US single urban
households are
willing to pay more
for local food
$600M
Invested into CEA, including Softbank, Jeff Bezos, and Google Ventures
$122.3B
The Global CEA
Market is projected to reach $122.3 Billion by 2030 with a
13.5% CAGR
5
- Statista,Grand View Research
Nasdaq:CEAD
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
CEA Industries Inc. published this content on 30 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2023 19:45:02 UTC.