CEA Industries Inc. Provides Update on Acquisition of Leading Canadian Vape Retailer and Manufacturer, Fat Panda Ltd.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 01 2025
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Source: Newsfilter
Acquisition Update: CEA Industries Inc. is progressing with its acquisition of Fat Panda Ltd., a major Canadian retailer and manufacturer of nicotine vape products, expecting to finalize the deal in the first half of 2025, pending customary closing conditions.
Financial Performance: Fat Panda reported CAD $38.5 million in revenue for fiscal 2024, showing over 10% growth from the previous year, despite a decline in gross margins, highlighting its strong market position and potential for future expansion under CEA Industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
