NEW YORK (MainStreet) - In what is widely expected to be an ongoing trend this year, mergers and acquisitions activity in the cannabis sector continues to steam on strong.
Surna Inc. (SRNA), an OTC-traded cannabis-sector manufacturing company in the water cooling and hydro grow space, has acquired a 66% stake in Agrisoft Development Group. Agrisoft develops seed-to-sale tracking systems to aid with mandatory compliance measures in state-legal marijuana markets.
Surna was founded by by Tom Bollich, best known to date as the creator of Farmville, a Zynga Facebook game. Bollich, in addition to being an innovative social gamer, also has a background in artificial intelligence (AI). He also has clearly developed a passion for taking a managed virtual grow space and overlaying this idea against real world industry needs for a highly managed industrial marijuana grow farm infrastructure. Surna's products help commercial growers more tightly control energy and water use - all bottom-line expenses that can evaporate profits.
"Agrisoft allows Surna to expand upon our existing platform," said Katie O'Block, a spokesperson from Surna. "Growers will have the ability to know exactly what's going on in their garden and will be able to have maximum control."
Surna is clearly positioning itself as a leading firm in one of the most intriguing growth areas of the overall industry in its immediate future - from policy to on-the-ground implementation.
Resource-managed, internal grow spaces are not just the future of the cannabis industry, however. They are here now. The vast bulk of the legitimate industry in Colorado is indoors, and this is a trend that appears to be sweeping the country. New York State may ban outdoor "old fashioned" cannabis farming altogether.