Shares in Canadian vape company CEA Industries Inc. (VAPE) surged almost 550% after announcing its transformation into a leading BNB treasury firm in the U.S. Following the announcement, VAPE shares closed at $57.59, up from $8.88 on Friday, though they experienced a slight dip after hours. The company plans a $500 million share sale to private investors and has access to $750 million in cash from exercised warrants. This initiative is in partnership with investment firm 10X Capital and YZi Labs, previously associated with Binance's co-founder Changpeng Zhao. The projected changes could enable CEA to acquire significant BNB holdings, potentially unlocking $1.25 billion for investment in the BNB Chain ecosystem. CEA aims to provide a transparent means for traditional investors to engage with BNB, addressing previous limitations in institutional access. The management will see significant changes, with executives from 10X Capital taking leading roles including David Namdar as CEO. CEA's recent acquisition of Fat Panda marks its entry into Canada’s nicotine vape market.

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