Deep Tide TechFlow News: On March 24, according to Globenewswire reporting, YZi Labs issued a public statement regarding systemic governance issues at CEA Industries, pointing out that the company has significant internal control deficiencies, and strongly condemning the company's payment of nearly 2 million dollars in severance compensation (the so-called "golden parachute") to former Chief Executive Officer David Namdar despite the disclosed material deficiencies.

In its statement, YZi Labs characterized the above situation as systemic dereliction of duty at the corporate governance level, believing that the relevant compensation arrangements are seriously inconsistent with the company's currently disclosed financial and internal control status, thereby harming shareholder interests.