CEA Industries Inc. has announced the acquisition of Fat Panda Ltd., a prominent Canadian retailer and manufacturer of nicotine vape products. As part of this transaction, CEA Industries engaged Velocity Investments Incorporated to provide due diligence services and acquisition advice. The compensation for Velocity's services was determined to be CAD$700,000, equivalent to 39,000 shares of CEA Industries' Common Stock, valued at $313,950 on the U.S. market as of the issuance date.
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