Canadian Vaping Firm CEA Industries Skyrockets 1800% Pre-market with Market Cap at $7.12 Million
TradingKey - On Monday, July 28th, CEA Industries (VAPE) saw its stock skyrocket over 1800% during pre-market trading on the US stock market, before paring gains to 854% at the time of reporting, with shares priced at $84.69 each.
CEA Industries Stock Performance, Source: Yahoo Finance
CEA Industries, which focuses on the Canadian e-cigarette industry, completed its acquisition of Fat Panda, the largest e-cigarette retailer and manufacturer in Central Canada, this June.
On July 17th, the US Food and Drug Administration (FDA) authorized Juul Labs to continue selling its e-cigarettes in the US market. This development follows the FDA's 2022 order for Juul to halt e-cigarette sales, which pushed Juul, once a market leader, towards the brink of bankruptcy.
Previously, CEA Industries closed at $8.55 per share, with a market cap of just $7.12 million. According to its Q1 2025 financial report, the company posted total revenue of $7.13 million, a gross profit margin of $39,000, and a net loss of $1.1 million.
The company went public in 2011, and in March 2014, it reached its all-time high stock price of $14,130.
CEA Industries Q1 2025 Financial Report
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