COLORADO: Surna has signed a definitive agreement to acquire a controlling interest in Agrisoft Development Group, a privately-held company that is one of the leading software developers of seed-to-sale tracking systems for state regulated cannabis cultivation and distribution companies. The deal will provide Surna with additional technology and capabilities to complement its current technology portfolio.
Agrisoft is led by Charles Ramsey, CEO, and Matt Cook, COO. Cook authored and implemented Colorado’s medical marijuana regulatory structure, led the Medical Marijuana Enforcement Division and is widely regarded as the leading regulatory and implementation expert for cannabis. Cook has personally assisted with drafting and implementing state regulated cannabis models in numerous states across the country. His expertise insures that Agrisoft provides one of the most effective tracking solutions for strict compliance with state regulated cannabis models while also exceeding the most stringent regulatory requirements.
“We are convinced that this highly-sought acquisition will enable us to substantially increase our strength and impact in the cannabis industry,” said Tom Bollich, CEO of Surna. “Because of my background in software development this particular acquisition is nothing short of a perfect storm in regards to Surna’s diversification and rapid growth. Coupled with one of the strongest management teams in the sector, Agrisoft is the ideal platform to expand upon and develop the most robust, comprehensive, system to seamlessly integrate with Surna’s existing and future technology. This is a game changer for us.”
David Traylor, Surna’s CBO stated, “The addition of a software point-of-sale tracking system fits ideally with our strategic direction of providing a complete solution for process control and monitoring that is mandated by state regulated cannabis models.”
“Surna’s proprietary technology improves cannabis grow operating margins by significantly increasing energy efficiency. Agrisoft’s management and capabilities provides regulators, legislators, and banks with greater confidence in regards to the required decision making that will expand the cannabis industry. Surna and Agrisoft make the cannabis industry a more common sense, economically sound option for businesses and states,” said Agrisoft COO Cook.
“Once we recognized the economic efficiency of Surna’s cultivation technologies, and the even greater potential of their technology under development, we immediately knew joining the Surna organization was the best possible decision,” said Agrisoft CEO Ramsay. “We are exceptionally enthusiastic about creating an even broader array of quality products that provide tracking solutions and satisfy the requirements of regulators and consumers.”
Patrick McGarrah, National Sales Liaison for Agrisoft Development Group added, “”The synergy of Agrisoft’s compliance and management solution with Surna’s cultivation technology, combined with the security and financial benefits available through the Link to Banking partnership with C4Ever Systems, has clearly positioned Agrisoft Seed to Sale as the preeminent solution for the future of cannabis industry worldwide.”
“The synergy of Agrisoft’s compliance and management solution with Surna’s cultivation technology, combined with the security and financial benefits available through the Link to Banking partnership with C4Ever Systems, has clearly positioned Agrisoft Seed to Sale as the preeminent solution for the future of cannabis industry worldwide.”