Core Insights - Delota Corp has announced a retail partnership with 180 Global for the licensing of its 180 Smoke brand for online sales of vape products in Eastern Canada [1][2] - The partnership is expected to lead to a reduction in reported revenues and expenses as operational functions transition from Delota's subsidiary to 180 Global [2] - Delota aims to enhance profitability in the Regional Markets through this partnership, which may positively impact future financial results [2] Company Overview - Delota Corp is the largest omni-channel specialty vape retailer in Ontario, with ambitions to expand nationally [3] - The company's growth strategy includes expanding its retail footprint, strengthening its e-commerce platform, and pursuing strategic mergers and acquisitions [3] - Delota currently has over 280,000 registered customer accounts, indicating a strong customer base [3]

Core Viewpoint - CEA Industries is set to discuss its strategic priorities and the implications of its recent acquisition of Fat Panda during a conference call scheduled for June 11, 2025 [1]. Group 1: Company Overview - CEA Industries Inc. is a growth-oriented company focused on building leading businesses in regulated consumer markets, particularly in the high-growth Canadian nicotine vape industry [3]. - The company targets scalable operators with strong regulatory alignment, defensible market share, and high-margin business models [3]. - CEA Industries provides capital, operational expertise, and strategic resources to enhance retail expansion and e-commerce infrastructure [3]. Group 2: Strategic Initiatives - The company has published an updated investor presentation outlining its new strategic priorities, including the acquisition of Fat Panda [1]. - The conference call will detail the go-forward strategy aimed at accelerating growth and enhancing shareholder value [1].

Transaction reflects CEA Industries’ strategic evolution and pivotal entry into attractive high-growth vape market Accelerates Fat Panda’s growth initiatives as central Canada’s largest retailer and manufacturer of e-cigarettes, vape devices and e-liquids Reiterates expectation for acquisition to close in the first half of 2025 Louisville, Colorado, May 08, 2025 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ: CEAD, CEADW) (“CEA Industries” or the “Company”), today announced a progress update on its acquisi ...

Core Insights - 3WIN Corp. has appointed Craig Snyder as the new CEO and member of the Board of Directors, effective April 17, 2025, following his role as Chief Transformation Officer [1][3] - Christopher J. Sinacori has transitioned to Executive Chairman of the Board and President, while Jeffrey A. Sinacori becomes Chief Operating Officer [2] - The leadership changes are aimed at enhancing operational performance and preparing the company for its public offering [3][8] Company Overview - 3WIN Corp. is a global wholesale distributor of CCELL® vape products, serving the cannabis and hemp markets [9] - The company offers customization services and packaging solutions to help brands stand out in competitive markets [9] - 3WIN's subsidiary, 3Win Holdings (Canada) Corp., focuses on the development and distribution of controlled substances under Canadian licenses [10][11] Leadership Experience - Craig Snyder brings over 25 years of leadership experience in high-tech and consumer products, with a history of driving growth and executing strategies in new markets [5][6] - His previous roles include senior leadership positions at Fortune 100 companies and guiding Nasdaq-listed startups through successful IPOs [5] - Snyder has extensive M&A experience, having led over 25 acquisitions and successfully exited two companies as CEO [6] Strategic Focus - As CEO, Snyder will cultivate relationships in capital markets and oversee initiatives to maximize operational performance and customer experience [3][4] - His role will involve ensuring efficient growth while staying ahead of industry trends, optimizing the company's structure and market positioning [4] - The leadership believes Snyder's experience will be instrumental in scaling operations to meet evolving customer needs [7][8]

Core Viewpoint - CEA Industries Inc. is progressing with the acquisition of Fat Panda Ltd., a leading retailer and manufacturer of nicotine vape products in central Canada, which is seen as a strategic move to enter the high-growth vape industry [1][3]. Company Overview - CEA Industries Inc. provides a suite of offerings to the controlled environment agriculture industry, supporting the development of the global ecosystem for indoor cultivation [5]. Acquisition Details - Fat Panda is the largest retailer and manufacturer of e-cigarettes and vape products in central Canada, operating 33 retail locations and an e-commerce platform [2]. - In fiscal 2024, Fat Panda generated CAD $38.5 million (USD $28.5 million) in revenue, with a gross margin of 39% and adjusted EBITDA of CAD $8.4 million (USD $6.2 million) [2]. - Both revenue and adjusted EBITDA grew over 10% from fiscal 2023, while gross margin declined by 15% [2]. - The acquisition is expected to be completed in the first half of 2025, subject to customary closing conditions [3]. Strategic Importance - The acquisition is viewed as pivotal for CEA Industries to leverage Fat Panda's market leadership, extensive retail network, and vertically integrated operations, aiming to accelerate expansion and create long-term value for shareholders [3].

Core Insights - CEA Industries Inc. reported a significant decline in revenue and increased net losses for both the fourth quarter and full year of 2024 compared to previous periods [1][3][9] Financial Performance - **Fourth Quarter 2024**: Revenue was $417,000, up from $391,000 in Q3 2024 and $251,000 in Q4 2023, indicating a year-over-year increase of approximately 66.2% [2][5] - **Gross Profit**: The gross loss for Q4 2024 was $175,000, an improvement from a gross loss of $286,000 in Q4 2023, reflecting a reduction in variable costs [2][7] - **Operating Expenses**: Operating expenses rose to $850,000 in Q4 2024 from $677,000 in Q3 2024, primarily due to acquisition-related expenses [2][8] - **Net Loss**: The net loss for Q4 2024 was $1,019,000, compared to a net loss of $988,000 in Q4 2023, with a loss per share of $(1.29) [2][9] - **Full Year 2024**: Total revenue for FY 2024 was $2,803,000, a significant decrease from $6,911,000 in FY 2023 [3][16] - **Gross Profit**: The full-year gross loss was $220,000, down from a gross profit of $542,000 in FY 2023 [3][16] - **Operating Expenses**: Operating expenses decreased to $2,952,000 in FY 2024 from $3,495,000 in FY 2023, reflecting a 16% reduction [3][16] - **Net Loss**: The net loss for FY 2024 was $3,146,000, compared to a net loss of $2,912,000 in FY 2023 [3][16] Strategic Developments - The company signed an agreement to acquire Fat Panda, a retailer and manufacturer of e-cigarettes and vape devices, which is expected to enhance operational efficiencies and long-term value creation [4] - The acquisition aligns with the company's strategic objectives and aims to leverage Fat Panda's market presence for expansion [4] Backlog and Bookings - **Net Bookings**: In Q4 2024, net bookings increased to $500,000 from $100,000 in the same period last year, attributed to a significant equipment order [6] - **Backlog**: The company's backlog at the end of Q4 2024 was $500,000, up from $400,000 in Q4 2023, indicating a positive trend in demand [6]