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Surna Appoints Hydro Innovations Founder Stephen Keen as CEO

Ryan Allway

September 2nd, 2015

News, Top Story

[stockchart symbol=SRNA]

Surna Inc. [stockquote symbol=SRNA], a developer of innovative technologies and products that monitor, control, and or address the energy and resource intensive nature of indoor cannabis cultivation, recently announced the appointment of Stephen Keen as its President and CEO.

“I’m honored by the appointment and excited to lead Surna during this period of rapid growth,” said Keen in a recent press release announcing the appointment. “I will be focusing on profitability as my top priority, including commercializing the groundbreaking products that my team and I developed while I was VP of Research and Development.  As a shareholder, I see nothing more important to Surna’s success than these two priorities.”

Stephen Keen has extensive experience in the cannabis industry. In 2007, Keen founded Hydro Innovations to design and develop liquid cooled technologies for hobby cultivators – a business that Surna acquired in 2014. Keen has been working as the company’s VP of R&D since the acquisition, driving the its industry-leading innovation engine.

The news comes as the company is gaining traction with its technology line-up. During the first six months of 2015, the company reported gross revenue that jumped 635% to $2,548,845 and deferred revenue that increased 249% to $1,423,321. The company also continues to move toward profitability with its net loss falling from nearly $2.2 million to less than $1 million during the three month period ended June 30, 2015.

Surna develops innovative technologies and products that monitor, control and or 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. The company’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 CEA. Though its clients do, the company neither produces nor sells cannabis.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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