Urban Gro Inc (UGRO) News

urban-gro, Inc. Awarded $9.6 Million Industrial Design-Build Contract with Existing CPG Client

UGRO Barchart Bottom 100
urban-gro Inc NASDAQ: UGRO

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Industrials : Machinery | Small Cap ValueCompany profile
urban-gro, Inc. is an integrated professional services and design-build firm. The Company offers value-added architectural, engineering, and construction management solutions to the Controlled Environment Agriculture (CEA), industrial, healthcare, and other commercial sectors. It creates indoor cultivation facilities to grow specialty crops, including cannabis as well as produce such as leafy greens, vegetables, herbs and berries. It provides its clients with design-build service offerings that include architectural, interior, and engineering design, construction and construction management, as well as services for the operational stages of the facility. The Company's pre-construction services include providing a forecast summary of what it takes to get a high-performance facility built, giving initial indication and detailed analysis of budget, timeline/schedule, and potential large decision impacts, including value analysis and value engineering options.

UGRO WHAT A RIDE

Lol if you believe that there's also a neat looking bridge for sale in Brooklyn.

Back log value worth more than 2x market cap.

Next big banger. $87 mill in backlog. That's 3x their market cap!!!

Whoa! What’s up with this co? I’m on the cannabis business on the ag chem/cannabis-specific agronomy side of things and one of the people from this co reached out on LinkdIn. The person really wanted me to recommend UGRO to my existing indoor clients and of course anyone setting up shop.

I couldn’t get them to give me a single brand/name/example of the work they do and they didn’t seem to understand that you have to do that to gain the industries trust and of course show that you know what you are doing.

I thinks it’s laughable that UGRO seems to completely shun anyone outside of their sharky looking BOD/C-suite (see photo on website and you’ll know what I’m talking about) as far as not even trying to make it look like they are “in” the industry…. Anyway, this co. seems doomed in so many ways!

This one is up by 100% since the last post. How come this board has so little traffic?

Engulfing candle?

Interesting....

Me likey

This one should see some long term jumps

UGRO moved to the Nasdaq from the OTC:

https://otce.finra.org/otce/dailyList?viewType=Deletions

I might be a buyer at about $1.00. This ticker openly craps all over investors.

WTF??

Looks like there is some interest today, getting $100 hits, closed @ $13 yesterday....WOW.

Symbol Change 01/06/2021 UGROD Symbol change from UGRO to UGROD

Hopefully the company will start marketing soon and get interest going in the company.

UGRO: effective Jan. 6,2021 a one for 6 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

3rd Quarter Results

https://ir.urban-gro.com/news/urban-gro-announces-financial-results-for-2020-third-quarter/

We intend to apply to list our common stock on the Nasdaq Capital Market under the symbol “UGRO,”


On November 13, 2020, the last reported sale price for our common stock as reported on the OTCQX Marketplace was $1.00 per share. The final public offering price will be determined through negotiation between us and the representative of the underwriters in the offering and the assumed offering price used throughout this prospectus may not be indicative of the final offering price. We intend to apply to list our common stock on the Nasdaq Capital Market under the symbol “UGRO,” which listing is a condition to this offering. No assurance can be given that our application will be approved. This offering will only occur if a national securities exchange approves the listing of our common stock.

https://www.otcmarkets.com/filing/html?id=14506866&guid=wEaeUnkwjU1M4yh

Great ibox. Where's the charts and all the bells and whistles for the penny flippers here? We need a major upgrade. The entire UGRO management team is counting on it!

/////AMG

urban-gro, Inc. Announces Closing of US$6 Million Debt Financing

Financing Provides Term Loan and Revolving Working Capital Credit Facilities to Refinance Existing Debt and Accelerate Growth and Scale


https://www.globenewswire.com/news-release/2020/02/27/1992314/0/en/urban-gro-Inc-Announces-Closing-of-US-6-Million-Debt-Financing.html?fbclid=IwAR17qX36PBZkKNzNGZfwEeqGkqZ_esFY72sVOY0bNgxN5oLvae6oD6bzFnU

February 27, 2020 17:00 ET | Source: urban-gro
LAFAYETTE, Colo., Feb. 27, 2020 (GLOBE NEWSWIRE) -- urban-gro, Inc. (OTCQX: UGRO) (“urban-gro” or the “Company”), a leading engineering design services company that integrates complex equipment systems into high-performance indoor cannabis cultivation facilities around the world, is pleased to announce the closing and initial draw of its previously announced credit facility in the aggregate principal amount of US$6 million (the “Credit Facility”) with an institutional lender.

“The closing of this financing and the receipt of funds allows us to remain laser focused on profitability and in delivering our best-in-class engineering design, services, and complex systems to our customers,” said Bradley Nattrass, CEO and Chairman of urban-gro. “We are pleased to be in such a strong position to continue serving the increasing demand we are seeing across North America and Europe.”

INFOR Financial Inc. acted as the exclusive financial advisor to the Company in connection with this financing. For further details, please refer to the Company’s news release dated February 21, 2020.

About urban-gro, Inc.

urban-gro, Inc. (OTCQX: UGRO) is a leading engineering design services company that integrates complex equipment systems into high performance indoor cannabis cultivation facilities around the world. Our highly tailored, plant-centric approach to design, procurement, and systems integration provides a single point of accountability throughout the project lifecycle. urban-gro further ensures operational efficiency and economic advantage for commercial cultivators through a full spectrum of professional services and product solutions focused on facility optimization and promoting environmental health. In every engagement, our unwavering focus is on solutions that ensure success. Visit www.urban-gro.com to learn more. Follow urban-gro on Instagram, Facebook, Twitter and LinkedIn.

Safe Harbor Statement

This press release may contain forward looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the timing and the completion of the subject financing, the Company’s future capital requirements and future growth potential for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by us with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, we may not be able to sustain growth or achieve profitability based upon many factors, including, but not limited to, general market conditions and regulatory uncertainty. Reference is hereby made to the cautionary statements set forth in our most recent SEC filings. We have incurred and will continue to incur significant expenses to facilitate our growth objectives and there can be no assurance that we will generate enough revenues to offset these costs in both the near and long term. Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon geopolitical and other considerations in the jurisdictions in which we operate, the impact of which cannot be predicted at this time.

Investor Relations Contact

Dan Droller
urban-gro, Inc.
Executive Vice President, Corporate Development
Email: investors@urban-gro.com
Phone: (914) 843-5613

Media Contact

Anne Graf
KCSA Strategic Communications
Email: agraf@kcsa.com
Phone: (786) 390-2644

Welcome to urban-gro Inc.

Announces US$6 Million Debt Financing Package

Press Release | 02/21/2020

LAFAYETTE, Colo., Feb. 21, 2020 (GLOBE NEWSWIRE) -- urban-gro, Inc. (OTCQX: UGRO) (“urban-gro” or the “Company”), a leading engineering design services company that integrates complex equipment systems into high-performance indoor cannabis cultivation facilities around the world, is pleased to announce today that it has executed a definitive loan agreement for the provision of a credit facility in the aggregate principal amount of US$6 million (the “Credit Facility”) with an institutional lender (the “Lender”). The Credit Facility, which is comprised of a US$2 million senior secured demand term loan and a US$4 million secured demand revolving loan, is expected to close on or about February 25, 2020 and remains subject to customary closing conditions.

Proceeds from the Credit Facility will be used to refinance existing indebtedness and for general working capital purposes.

“Despite difficult capital market conditions, we continue to see an acceleration in demand for our services across North America and Europe. We believe the completion of this financing will provide us with the resources needed to service our anticipated growth,” said Bradley Nattrass, CEO and Chairman of urban-gro.

“This financing is expected to significantly strengthen the Company’s balance sheet and lower its cost of capital, realigning the Company on a path to positive cash flow. This is urban-gro’s number one priority,” said Dick Akright, Chief Financial Officer of urban-gro.

Separately, the Company has extended its existing US$1 million note with James Lowe, a director of the Company.

INFOR Financial Inc. acted as the exclusive financial advisor to the Company in connection with the financing.

About urban-gro, Inc.

urban-gro, Inc. (OTCQX: UGRO) is a leading engineering design services company that integrates complex equipment systems into high performance indoor cannabis cultivation facilities around the world. Our highly tailored, plant-centric approach to design, procurement, and systems integration provides a single point of accountability throughout the project lifecycle. urban-gro further ensures operational efficiency and economic advantage for commercial cultivators through a full spectrum of professional services and product solutions focused on facility optimization and promoting environmental health. In every engagement, our unwavering focus is on solutions that ensure success. Visit www.urban-gro.com to learn more. Follow urban-gro on Instagram, Facebook, Twitter and LinkedIn.

Safe Harbor Statement

This press release may contain forward looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the timing and the completion of the subject financing, the Company’s future capital requirements and future growth potential for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by us with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, we may not be able to sustain growth or achieve profitability based upon many factors, including, but not limited to, general market conditions and regulatory uncertainty. Reference is hereby made to the cautionary statements set forth in our most recent SEC filings. We have incurred and will continue to incur significant expenses to facilitate our growth objectives and there can be no assurance that we will generate enough revenues to offset these costs in both the near and long term. Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon geopolitical and other considerations in the jurisdictions in which we operate, the impact of which cannot be predicted at this time.

Investor Relations Contact

Dan Droller
urban-gro, Inc.
Executive Vice President, Corporate Development
Email: investors@urban-gro.com
Phone: (914) 843-5613

Media Contact

Anne Graf
KCSA Strategic Communications
Email: agraf@kcsa.com
Phone: (786) 390-2644


https://www.otcmarkets.com/stock/UGRO/news/urban-gro-Inc-Announces-US6-Million-Debt-Financing-Package?id=254548