Urban-Gro, Inc. Stock Price, News & Analysis

urban-gro has announced the acquisition of MJ12 Design Studio for $9.1 million, funded through cash and stock. This strategic move is expected to generate $7-$9 million in revenue and $1.5-$2.0 million in Adjusted EBITDA over the next year. The acquisition will enhance urban-gro’s capabilities by integrating architectural design into its offerings, aiming for over $10 million in incremental revenue from engineering services. With 70 open projects now, urban-gro will provide comprehensive project management for cannabis facilities.

urban-gro (Nasdaq: UGRO) will report its second quarter financial results on August 11, 2021, after market close. An audio webcast and conference call will be held that evening at 5:00 PM ET for investors, featuring a Q&A session. Interested parties can access a dial-in replay of the call until August 25, 2021. urban-gro specializes in engineering and systems integration for Controlled Environment Agriculture (CEA), serving both cannabis and food sectors. For more details, visit urban-gro’s investor relations page.

urban-gro (Nasdaq: UGRO) announced the acquisition of MJ12 Design Studio and its parent company, 2WR+ Partners, for $9.1 million, funded through cash and UGRO stock. This strategic move expands urban-gro's services in Controlled Environment Agriculture (CEA), enhancing its ability to provide integrated architecture and engineering solutions. The acquisition is expected to be accretive to earnings in the current fiscal year, with over 70 open client projects now part of urban-gro's portfolio, positioning the company for growth in the rapidly evolving CEA market.

urban-gro (Nasdaq: UGRO) announced that Todd Statzer, VP of Environmental Sciences Group, will present at CannaCon Midwest on June 26, 2021, discussing Integrated Pest Management (IPM) programs. His lecture will outline IPM's three pillars in the context of Michigan's cannabis market. With over 30 years in agriculture and horticulture, Statzer aims to guide cultivators on effective pest management. urban-gro will also have experts available to address questions about their systems and services at booth #116.

urban-gro, a leading global horticulture company, announced its addition to the Russell 2000® Index, effective June 25, 2021. This index is crucial for investors managing small-cap segments. CEO Bradley Nattrass expressed optimism about leveraging this exposure for shareholder value growth. Additionally, the company appointed Anita Britt and David Hsu to its Board of Directors, enhancing operational and financial expertise. Britt brings over 30 years in financial management, while Hsu has significant experience in controlled environment agriculture (CEA) from his time at Cronos Group.

urban-gro reported record Q1 2021 revenues of $12.0 million, a 182% increase from $4.2 million in Q1 2020. Adjusted EBITDA improved to $0.5 million, up $1.4 million year-over-year. The backlog reached $15.2 million, an increase from $14.6 million at year-end 2020. With a strong cash position of $50 million and minimal debt, the company is positioned for growth. The recent Nasdaq uplisting and a public offering raised $62.1 million, enhancing financial stability.

urban-gro (NASDAQ: UGRO) will report its first quarter 2021 financial results on May 11, 2021, followed by a conference call at 5:00 PM ET. The call will be led by CEO Bradley Nattrass and CFO Dick Akright, discussing operational and financial outcomes. The event will be accessible via phone and live audio webcast, which will also be archived for 90 days. urban-gro specializes in designing and engineering commercial Controlled Environment Agriculture (CEA) facilities, focusing on integrating complex environmental systems.

JTC Team is hosting a Virtual Investor 'Ask the CEO' event from April 21-23, 2021, featuring American Resources Corporation (NASDAQ:AREC), urban-gro, Inc. (NASDAQ:UGRO), and SinglePoint Inc. (OTC PINK:SINGD). This event allows retail investors to engage directly with company executives, offering a brief presentation followed by a 20-minute Q&A session. Investors can submit questions live or in advance via virtualinvestorco.com. The initiative aims to empower the growing community of retail investors.

urban-gro (NASDAQ: UGRO) reported record revenues for Q1 2021, expected to be between $11.8 million and $12.1 million, marking a 174% increase from $4.3 million in Q1 2020. The company anticipates an improvement in income from operations, projected between ($0.1) million and $0.2 million, compared to ($1.4) million the previous year. Adjusted EBITDA is expected to be a record $0.35 million to $0.6 million, improving from ($0.9) million in Q1 2020. As of March 31, 2021, urban-gro's backlog exceeded $15 million, showing strong growth.