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LOUISVILLE, Colorado - CEA Industries Inc. (NASDAQ:CEAD) announced Thursday it will change its ticker symbol on the Nasdaq Capital Market from "CEAD" to "VAPE" effective at market open on Friday, June 13, 2025. The company, currently trading at $7.70, has maintained a strong liquidity position with a current ratio of 8.16, according to InvestingPro data.
The ticker change reflects the company’s strategic pivot toward the vaping industry following its recent acquisition of Fat Panda, a Canadian vape retailer. No action is required from existing shareholders, and the company’s CUSIP number will remain unchanged. Despite posting revenue growth of 33.28% in the last twelve months, the company faces profitability challenges with negative EBITDA of $3.31 million.
"Changing our ticker to ’VAPE’ reflects our strategic focus and the evolution of our business," said Tony McDonald, Chairman and CEO of CEA Industries, in a press release statement.
The company described the move as aligning its market identity with its current operations, which now target the regulated nicotine vape sector in Canada.
CEA Industries, which trades on the Nasdaq Capital Market, positions itself as a growth-oriented company focused on building businesses in regulated consumer markets. The company specifically highlighted its interest in the Canadian nicotine vape industry, which it characterized as a high-growth segment of the global nicotine market.
The ticker symbol change comes as part of the company’s stated strategy to expand retail operations and strengthen e-commerce infrastructure in the vaping sector. With a market capitalization of $6.18 million and a beta of 0.55, the company maintains minimal debt with a debt-to-equity ratio of just 0.03.
In other recent news, CEA Industries Inc. has announced a significant agreement with Velocity Investments Incorporated. This agreement involves Velocity providing due diligence services and acquisition advice for CEA Industries’ acquisition of Fat Panda Ltd., a Canadian manufacturer and retailer of nicotine vape products. The services provided by Velocity were valued at CAD 700,000, and the settlement was made through the issuance of 39,000 shares of CEA Industries’ common stock. These shares had a market value of approximately $313,950 in the United States at the time of issuance. The acquisition of Fat Panda is part of CEA Industries’ broader strategy to expand its presence in the nicotine vape product sector. Details of the transaction were disclosed in a recent 8-K filing with the Securities and Exchange Commission. The acquisition is expected to enhance CEA Industries’ market position by leveraging Fat Panda’s established presence in Canada. This development marks a strategic move by CEA Industries to strengthen its capabilities in executing acquisitions in a competitive market.
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