CEA Industries files audited Fat Panda acquisition financials; target revenue $28M, net income $570K

CEA Industries Inc.

Acquisition of Fat Panda Group closed June 6, 2025; this 8-K/A provides required audited financials.
Fat Panda revenue $27.99M for FY2025, down 1.8% from $28.52M in FY2024.
Net income fell 71% to $569,929 (FY2025) from $1.99M (FY2024).
Total assets $9.04M, shareholders' equity $4.76M as of April 30, 2025.
Operated 34 retail vape stores (SK, MB, ON) in 2025 vs 35 in 2024.

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