Surna Profiled in CNBC Television Segment; Report Titled, "Silicon Valley Techie's Pot Contribution"

Marketwired

BOULDER, CO--(Marketwired - May 27, 2014) - Surna Inc. (OTCQB: SRNA), a company focused on the acquisition of cannabis industry related intellectual property, disruptive technologies, assets and scalable operating companies, today announced it was profiled in a televised CNBC report that aired last week in conjunction with the Colorado Cannabis Summit in Denver. Separately, the Company noted it has been featured in several other media reports recently; details are included below.

Surna Chairman and CEO, Tom Bollich, was interviewed by CNBC correspondent Jane Wells, in which she reported on Surna and Mr. Bollich saying, "The rest of agriculture has invested heavily in technology, pot not so much; enter a techie from the Silicon Valley."

She went on to report that Surna develops and sells marijuana growing equipment automation systems to reduce power usage and that the Company is working on a system to reduce water usage because marijuana is a "water hog." The full story is available at: http://video.cnbc.com/gallery/?video=3000278072&play=1.

Surna has attracted other notable media coverage recently, which is posted on its website, with the original links to the stories, at:
http://www.surna.com/news/surna-in-the-news/, and includes:

  • Fox 31 Denver Television, on May 22, aired a segment titled, "Cannabis Summit Focuses on Growth in a Budding Industry," reporting that, "Surna has developed new technology, allowing growers to control the cultivation process like never before."

  • The Northern Colorado Business Report May 16, with the headline: "Tech Backers See Colo. as 'Silicon Valley of Weed'" and that led with, "Tom Bollich sees similarities between the marijuana business and the tech sector in which he saw extraordinary success."

  • Examiner.com wrote a two-page story about Surna April 18, titled: "SURNA entrepreneurs to capitalize on Colorado's rising cannabis industry." It goes on to report, "One such example is Surna, a local company that also happens to have Tom Bollich, the cofounder of Zynga, the online gaming company probably best known for Farmville, standing at the helm as its CEO. Surna is a company dedicated to bringing technology to the cannabis industry -- and has moved to Colorado to do just that."

  • Wired Magazine, on April 18 wrote a story about Surna, headlined: "How Silicon Valley entrepreneurs are rushing to cash in on cannabis." It goes on to report, "Colorado company Surna saw opportunity here. It has introduced an energy-efficient climate-control system that uses chilled water. The system pipes a circuit of cooling water through the grow(room) and can even extract water directly from the indoor air to regulate humidity. 'This plant is from Afghanistan. It wants to be on a windy hill in semi-arid conditions,' says Surna CEO Tom Bollich. 'That's one thing we can do that traditional HVAC can't -- we can give you 40 percent humidity and 75 degrees.'"

About Surna Inc.
Led by Tom Bollich, the visionary technologist who co-founded famed gaming company Zynga which ultimately rose to a $10 billion market valuation, Surna's mission is to acquire intellectual property and scalable operating companies in the nascent, legal marijuana industry with a focus on disruptive technology, equipment and related support services (www.surna.com).

The Company represents a pure play on explosive growth in the cannabis industry, while being agnostic as to the escalating proliferation of regulated, commodity cannabis growers & sellers, winners or losers; its business model excludes the production or sale of marijuana. ArcView industry research projects the highly fragmented $2.3 billion US cannabis industry will increase over four-fold to $10.2 billion by 2018.

Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results, such as the Company's ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. 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.

Contact:
Investor Relations
David Kugelman
Atlanta Capital Partners, LLC
(404) 856-9157
(866) 692-6847 Toll Free - U.S. And Canada

At the Company
Tae Darnell
VP and General Counsel
(303) 993-5271
Email Contact
View Comments (0)