CEA Industries announces non-binding LOI to acquire specialty retailer with 30+ locations

CEA Industries Inc.

Target is a leading specialty retailer and manufacturer with over 30 retail locations, trademarks, and IP.
Consideration will be a mix of cash, CEA common shares, and debt; no deal value disclosed.
Expects definitive agreement before year-end 2024 and closing in Q1 2025, subject to conditions.
CEO cites target's double-digit revenue growth, consistent profitability, and positive cash flow.

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