Welcome to our dedicated page for Urban-Gro news (Ticker: UGRO), a resource for investors and traders seeking the latest updates and insights on Urban-Gro stock.
urban-gro, Inc. (Nasdaq: UGRO) is an integrated professional services and Design-Build firm that reports activity across the Controlled Environment Agriculture ("CEA"), industrial, healthcare, hospitality, education, and other commercial sectors. The news flow around UGRO reflects both its operating projects and its capital markets and regulatory developments.
Company press releases highlight new project awards and client relationships. Recent announcements describe LED lighting equipment contracts with a North American cannabis operator, architectural and design leadership for a new hospital in the southeastern United States, K-12 campus enclosure design work for a Georgia school district, and multiple construction and construction management contracts for Fogo de Chão restaurant locations in several U.S. states. These items illustrate how urban-gro applies its architectural, engineering, and Design-Build capabilities across CEA, healthcare, hospitality, and education projects.
News items also cover Nasdaq listing compliance matters and related timelines. The company has disclosed notices and determination letters from Nasdaq concerning minimum bid price requirements, timely filing of periodic SEC reports, and minimum stockholders’ equity. It has reported appeals to Nasdaq Hearings Panels, conditional decisions allowing continued listing, and subsequent notices tied to delayed quarterly filings.
In addition, urban-gro’s news includes strategic and financial updates, such as cost-reduction efforts, asset divestitures involving architectural subsidiaries and customer lists, financing arrangements and defaults at certain subsidiaries, and a binding letter of intent for a proposed merger with Flash Sports & Media, Inc. Investors and observers can use the UGRO news stream to follow how the company balances project execution, portfolio adjustments, financing, and exchange compliance.
For those tracking UGRO, this news page provides a centralized view of the company’s disclosed contracts, strategic actions, and regulatory communications over time.
urban-gro (NASDAQ: UGRO) has successfully eliminated over 80% of its debt by repaying $5.76 million, bringing total liabilities down to approximately $1 million. This significant reduction in high-cost debt strengthens the company’s balance sheet and enhances its cash flow, positioning urban-gro well for future growth opportunities and acquisitions in the controlled environment agriculture sector. CEO Bradley Nattrass stated the company is fundamentally stronger, supported by its recent financing and Nasdaq listing.
LAFAYETTE, Colo., Feb. 17, 2021 – urban-gro (NASDAQ: UGRO) announced the closing of a public offering of 6,210,000 shares at $10.00 each, raising gross proceeds of $62.1 million. The offering included 810,000 shares from the underwriter's option to purchase additional shares. The proceeds will support organic growth, expand into the European Controlled Environment Agriculture market, and cover general corporate purposes, including potential acquisitions and debt repayment.
urban-gro, Inc. (NASDAQ: UGRO) has announced the pricing of a public offering of 5,400,000 shares at $10 each, totaling gross proceeds of $54 million. The underwriters have an additional option for 810,000 shares. The offering is set to close on February 17, 2021. Proceeds will support organic growth, expansion in the European CEA market, potential acquisitions, and debt repayment. Trading on the Nasdaq Capital Market begins on February 12, 2021, under the symbol UGRO.